Maryland businesses have reached more deals with Indian companies during the governor’s trade mission, including a contract for a Baltimore firm to build an amusement park ride, the state announced Wednesday.
Gov. Martin O’Malley and his delegation of more than 100 have been in India since Monday. They traveled Wednesday to Mumbai, the country’s largest city.
There, Premier Rides signed a deal with Mumbai’s Adlabs Entertainment LTD that will see the Baltimore company design and manufacture a “one-of-a-kind” theme park ride for a park planned by Adlabs.
“India’s economy is setting a standard for growth and expansion and we are proud to be part of a vision for a world-class entertainment destination,” said Jim Seay, president of Premier Rides.
Seay had explored partnering with developer Patrick Turner to bid for the Baltimore casino license, but the pair ultimately did not submit a proposal.
TripleStone Real Estate, a Prince George’s County development and management company, signed a deal Wednesday with Shree Naman Group, also of Mumbai, to pursue hospitality and medical office projects in the Brandywine area.
And DSM Nutritional Products renewed its partnership with British Nutritions, a Bangalore subsidiary of British Biologicals.
DSM, a Columbia company, supplies nutritional supplements for a range of British Nutritions products.
Bruce Brown, a DSM executive on the trip with O’Malley, said the deal “demonstrates DSM’s commitment to expanding our presence in the Indian market.”
In addition to business meetings, the governor’s six-day trip is packed with cultural events. O’Malley met Wednesday with Prithviraj Dajisaheb Chaven, chief minister of the state of Maharastra, to discuss a sister state relationship.
O’Malley and Chaven also mulled over a proposal for a bilateral sport exchange of cricket through the Washington Metro Cricket Board.
“We are opening new doors for trade and investment, creating a cultural bond, sharing best practices on education and working toward a cleaner, more sustainable future for our children,” O’Malley said.
India is Maryland’s 11th largest export market, consuming $192 million worth of goods and services from the state in 2011, up 18 percent from 2010.