SME Times is powered by   
Search News
Just in:   • Banks to recycle inward currency notes only after 48 hours on corona threat  • China's Shenzhen city bans eating of cats, dogs  • British Airways expected to suspend 36,000 staff  • Wall Street tumbles amid deepening coronavirus fears  • COVID-19: LinkedIn offers free job postings for critical roles 
Last updated: 17 Feb, 2020  

Indo-Us.9.Thmb.jpg 'Mini trade deal expected during Trump's visit'

   Top Stories
» Markets tank 1,200 pts on Corona crisis
» Indian IT sector set to face hardship
» Startups hit as investors get extra cautious
» Feb core sectors output up by 5.5 pc
» Developing nations to lose $800 bn in export revenue in 2020
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.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 02 Apr, 2020
  Daily Poll
Ease of doing business improved in last one year
 Can't say
  Commented Stories
» China's forex reserves reach USD 2.85 trillion(4)
» Package for SMEs, others on cards, indicate Sitharaman(1)
» Private banks, NBFCs to continue EMIs, if not informed(1)
» The big bang RBI stimulus(1)
» Appoint distributors, expand your business(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter