II. Leading trade prospects for U.S. business

We believe there are strong growth prospects for sales
of U.S.-origin goods and services in the following sectors:

     --   Aircraft, parts, air traffic control
          equipment and civil aviation goods and
          services, including navigational equipment,
          aircraft leasing, and a variety of
          maintenance services;

     --   Energy, including oil & gas exploration and
          development, refining equipment and services;

     --   Power, including private electric power plant
          construction and operation;

     --   Telecommunications equipment and services,
          including wireless networks, radio paging,
          cellular telephones, basic telephone service,
          and both central office and customer premises
          switches and instruments;

     --   Consumer goods investments and future
          reduction in the barriers to consumer goods
          imports;

     --   Banking, insurance, and brokerage firms see
          new opportunities as India reforms these
          sectors of its economy.

We have attempted to quantify the commercial
opportunities in each sector, as the following table
shows.

Table 5.  Best prospects for U.S. goods and service sales in India, 1994-95.

Sector                             U.S. sales
U.S. sales                                       Est.
Identification                  in 1994         in 1995       Growth
                              $ Million)        $ Million)    (%age)

Seafood Processing &
    Preservation Eq.               5.2             20            285
Hazardous Waste-Handling Eq.      13               28            115
Port Construction                  7               15            114
Oil/Gasfield Equip. & Supplies    31.8             45.6           43
Computer Software Services        90              130             43
Food Processing & Packaging Eq.   24.4             32.8           34
Electronic Components            180              235             30
Plastic Materials & Resins       108              140             30
Biotechnology                     57               74             30
Security & Safety Equipment       50               65             30
Refinery/Petrochemical Equipment  52.5             68.2           30
Instrumentation Process Controls  22               28             27
Medical Electronics               85.2            106.4           25
Farm Equipment Machinery          20               25             25
Pumps, Valves & Compressors       45               55             22
Energy Conservation               10               12             20
Machine Tools & Metalworking Eq.  13               15.6           20
Renewable Energy Equipment         4.6              5.3           15
Drugs & Pharmaceuticals          157              181             15
Hotel & Motel Industry           103              119             15
Mining Technology & Eq.           33               38             15
Pulp and Paper                    43               48             12
Railway Modernization             92              102             11
Insurance Services               nil             n.a.             --
Industrial Chemicals              18               12            -33

Source: US&FCS India, June 1994.

Please also see the section titled Appendix B "Best
prospect data for agriculture and industry sectors" for
more details.