Thursday, November 26 2020

September 1, 2020

US is India’s largest trading partner – Piyush Goyal

New Delhi – The Commerce and Industry Minister Piyush Goyal has invited the US business and industry to work with their Indian counterparts to take the bilateral trade to greater heights.

 

Addressing the US-India Strategic Partnership Forum (USISPF) through a virtual conference , Mr Goyal said that the two democracies share deep commitment with each other, at the Government, Business and people to people levels. Both countries believe in free and fair trade, and the US is India’s largest trading partner. He said that going beyond the trade, in this interconnected world, the two nations can be the resilient trusted partners in global value chain.

 

Goyalo utlined to the members of USISPF about the steps being undertaken in the country, to facilitate industry and investments. He said that GIS-enabled land bank has been launched on pilot basis, with six states on board, which will help the investors in identifying the land and location. The Minister also mentioned about the single-window system for clearances, which is being developed in cooperation with various approving authorities and agencies at the Central, State and Municipal levels. On the issue of trade agreement between the US and India, ShriGoyal said India is ready to sign initial limited trade package, and it is upto the US to move ahead.