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Expanding trade ties

India, US discuss growth, innovation

by Blitz India Media
October 6, 2024
in USA
0
Expanding trade ties

WASHINGTON: Minister of Commerce and Industry Piyush Goyal and his US counterpart Gina Raimondo co-chaired the 6th meeting of the USIndia CEO Forum, which is the highest platform for discussing trade and commerce between the two countries.

Government representatives of the two countries and the Forum members, during the meeting hosted on October 2 by the US, “reaffirmed their commitment to expanding bilateral commerce and trade, driving inclusive economic growth and innovation, and fostering a resilient bilateral partnership”. Goyal and Raimondo met over lunch on the sidelines of the meeting.

The Commerce Minister wrote on X that he “held a productive meeting” with Raimondo and their discussions “focused on prospects of tech and R&D collaboration in critical sectors such as defence, space, semiconductors, telecom, AI and clean energy”. The US-India CEO Forum is a platform for leaders of Indian and American business to develop and provide joint recommendations to strengthen bilateral commercial ties and expand trade and investment between the two countries. It has representation from 22 US companies and 25 Indian.

James Taiclet, President and Chief Executive Officer of Lockheed Martin, and N. Chandrasekaran, Chairman of Tata Sons, were Private Sector cochairs from 2023–2024. The meeting “took stock of the Forum’s accomplishments, including the launch of the publicly accessible Network for Innovation and Harnessing Investments and Trade for Inclusive Growth between the United States and India (NIHIT) platform.

modi
Padma Shri Sudhir M Parikh, an American medical doctor of Indian origin and a renowned social activist, along with his wife had an exclusive photoop with Prime Minister Narendra Modi before the start of the India diaspora event, at Nassau Coliseum in New York on September 22. Dr Parikh was a major sponsor of the event.

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