During the past few years, the U.S.-India market has grown rapidly. Last year, the market grew by 28 percent over the prior year, to some 290,000 passengers. With all the new markets now open to U.S. airlines, and to Air India, we expect these fast- paced growth rates to continue. And we're hoping India will work as productively with us to maximize the safety and security of all those who fly between our nations. This can only enhance our economic relationship.
Aviation is a good start.
But I believe that America has much more to offer India, in capital, technology, and know-how. Like many of our other industries, American transportation companies are world-class leaders. Our aerospace companies are the best in the world and have been successful partners in India. They are competing with Airbus Industrie to supply Air India with 12 long-range aircraft. Our locomotive manufacturers are helping India modernize vital railroads.