The India-US economic relationship is moving beyond traditional trade to encompass investment, manufacturing, technology, innovation, resilient supply chains and the creation of high-value capabilities in both countries, commerce and industry minister Piyush Goyal said on Wednesday.
The talks will also focus on advancing a balanced and mutually beneficial India-US bilateral trade agreement (BTA) and finalising an interim deal in line with the joint statement issued on February 7.
He interacted with CEOs and senior executives of US manufacturing and technology companies at a business roundtable hosted by the National Association of Manufacturers (NAM), the commerce ministry said. NAM represents a substantial share of leading US manufacturing companies and its members contribute significantly to the US manufacturing economy, it said. Addressing a business roundtable in Milwaukee, Goyal invited American manufacturers to deepen their presence in India, partner with Indian small and medium enterprises (SMEs) and co-invest in advanced manufacturing to build resilient supply chains that create value for both economies. The minister also attended a reception hosted by NAM at the global headquarters of Rockwell Automation, where he interacted with trade ministers from other G20 countries and senior business leaders.
