Commerce, Industry and Textiles Minister Piyush Goyal made a strong pitch on Thursday for India and the U.S. to strengthen economic and trade ties, stating that the two countries were ‘not really competitors’ and had complementary strengths.
“India is a trusted partner and ally of the U.S... it is in the interest of both countries to strengthen our strategic partnership into a more comprehensive economic and trade partnership also,” the Minister said at the India Ideas Summit hosted by the U.S.-India Business Council (USIBC). “The U.S. has huge investment surpluses that can be used in India for promoting infrastructure development and also to make India a manufacturing base to help... provide goods and services to you at affordable prices,” Mr. Goyal said.
The U.S. had recently conveyed to India that a free trade agreement that was being negotiated with the erstwhile Donald Trump administration was off the table for now.
U.S. had recently told India that a free trade pact that the Trump regime was negotiating was off the table for now