Governor Abbott Kicks Off Business Development Mission In India
Governor Greg Abbott today kicked off his business development mission in India by meeting with executives from Reliance Industries Limited. The Governor met with Executive Director Hital Meswani and emphasized Texas’ advantageous business environment. The Governor also spoke of the important role Reliance Industries plays in the Texas economy, and the two sides discussed ways to forge an even stronger economic relationship. Governor Abbott thanked Mr. Meswani for welcoming him to India, and expressed his desire for further economic collaboration.
The Governor and Mr. Meswani discussed the importance of energy trade between Texas and India, specifically as it concerns Texas' exporting of oil and liquefied natural gas. The meeting concluded as the Governor spoke about his excitement for the rest of the trip and further dialogue with business leaders in India.
In addition to the Governor’s meeting, the traveling Texas delegation today received a country brief on India from the U.S. Consulate General Mumbai.
Reliance Industries Limited is a Fortune Global 500 company. As India’s largest petrochemical firm and one of the country’s largest companies, Reliance Industries Limited accounts for 14 percent of India’s total exports. Headquartered in Mumbai, India, Reliance Industries has more than 24,000 employees worldwide. Reliance Holdings USA, Inc., a subsidiary of Reliance Industries Limited, engages in the production of natural gas and liquids from various shale deposits in the U.S. The company is based in Houston with approximately 20 employees. RIL USA Inc., a subsidiary of Reliance Holdings USA, Inc., also of Houston, performs geophysical, geological and other exploration services for oil and gas. In October 2017, Reliance Industries Ltd. made its first purchase of U.S. crude oil when buying one million barrels of West Texas Intermediate Midland and a similar-sized cargo of Eagle Ford crude.