|
|
|
'Mini trade deal expected during Trump's visit'
|
|
|
|
Top Stories |
 |
|
|
|
SME Times News Bureau | 17 Feb, 2020
Expectations are high on a mini trade deal to be announced during US
President Donald Trump's visit to India, industry body CII said on
Sunday.
The business chamber's Director General Chandrajit
Banerjee said: "Expectations remain high on achieving a bilateral 'mini'
trade deal, which hopefully lays the foundation for a more
comprehensive economic partnership.
"From meeting on the margins
of the G7 in France, the G20 in Osaka, the UN General Assembly in New
York, to sharing a stage at the 50,000-strong Indian-American Diaspora
gathering at 'HowdyModi!' in Houston, the two leaders, Prime Minister
Modi and President Trump have consistently engaged in constructive
dialogue, with ever-growing bonhomie."
President Trump's first
official visit to India signals the significance of India-US relations
from a strategic and economic point of view, Banerjee added.
"What
the two leaders must also demonstrate now is an ability to work
together through challenges and differences and enable more convergence
of our shared ambitions and goals," he said.
Apart from the mini trade deal, Banerjee expect investments to take centrestage during the US President's visit.
"As
Indian industry enhances its investment and job creation in the US, we
expect an interaction of President Trump with leading Indian companies
operating in the US. CII's own research shows that at least 100 Indian
companies have invested nearly $18 billion and created over 113,000 jobs
in the US," he added.
Banerjee said there have been several
recent announcements by Indian companies, that have shown the growing
impact Indian investment can have on US economy and society, and "we
fully expect that to increase". "Likewise we expect investment even
higher investment commitments from US companies into India," he added.
"Finally,
as we look to enhance international collaboration for the future, we
believe both countries must work together to be at the leading edge of
the frontiers of knowledge and technology. Artificial intelligence and
machine-learning are transforming business and lives as we know it. We
hope governments, industry and academia will come together in an effort
to explore this further and co-create technologies for the future," he
said.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
Japanese
Yen |
55.05 |
53.40 |
As on 12 Oct, 2024 |
|
|
Daily Poll |
 |
 |
Do you think Indian businesses will be negatively affected by Trump's America First Policy? |
|
|
|
|
|
Commented Stories |
 |
|
|
|
|
|
|
|