Feb. 8, 2007 -- The Small Business Administration is teaming up with India's Ministry of Small Scale Industry to boost cooperation and opportunities between U.S.- and India-based small businesses, the agency said Thursday.

The initiative, announced this week at the American Chamber of Commerce international summit in New Delhi, India, seeks to facilitate commercial partnerships between small-business owners, exchange technical expertise, and share development strategies, the agency said.

"Small businesses are the backbone and driving force of our economies, " Manuel Rosales, SBA associate administrator for international trade, told summit delegates, saying the move will boost "economic development and job creation in both our nations."

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Published on: Feb 8, 2007