SME Times News Bureau | 21 Oct, 2019
and Industry Minister Piyush Goyal on Monday said that trade negotiations
between India and the US are on the right track.
the US-India Strategic Partnership Forum (USISPF) in New Delhi, Piyush Goyal
said that Indo-US relationship is at their best ever now and trade relations
between the two countries have a huge potential which is yet to be tapped.
the US must look at a much larger agreement like a bilateral agreement said the
Commerce and Industry Minister.
regards to the trade talks between India and the US, Commerce and Industry
Minister said that things are on the right track and India is looking to the US
for technology, innovation, skills and quality education.
the other hand offers an attractive market to US businesses and skilled labour
that can add value to American companies.
Commerce and Industry Minister informed the Forum that the Commerce and
Industry Ministry is working to create a single window for investments into
India and he welcomed innovative ideas and solutions for the creation of this
informed the gathering that the Department of Commerce is also working to bring
down the cost of logistics that have to be borne by manufacturing companies in
to USISPF estimates India-US bilateral trade is projected to grow to USD 238
billon by 2025.
assessment underscores the pathways for growth and economic opportunities in
bilateral ties by highlighting current trends.
like defence trade, commercial aircrafts, oil and LNG, coal, machinery and
electronics are areas of potential growth in US investments and commerce into
India. Indian industry has an opportunity to promote automotive,
pharmaceuticals, seafood, IT and travel services to the US market.