India And The US Reaffirm Commitment To Expand Bilateral Commerce, Trade
The US-India CEO Forum is represented by 22 US and 25 Indian companies
US Secretary of Commerce Gina Raimondo and Union Commerce Minister Piyush Goyal
The Union Minister of Commerce and Industry Piyush Goyal and his US counterpart Gina Raimondo co-chaired the sixth meeting of the US-India CEO Forum, which is the highest platform for discussing trade and commerce between the two countries.
Government representatives of the two countries and Forum members, during the meeting hosted by the US, "reaffirmed their commitment to expand 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. Later Goyal wrote on X that he "held a productive meeting" with Raimondo and the discussions "focused on prospects of tech and R&D collaboration in critical sectors such as defence, space, semiconductors, telecom, AI and clean energy".
"We also discussed opportunities for US investments in upcoming 20 industrial cities in India to foster mutual growth," he added.
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 and 25 Indian companies.
James Taiclet, President and CEO of Lockheed Martin, and N. Chandrasekaran, Chairman of Tata Sons, were the private sector co-chairs from 2023–2024.
The meeting also "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 to facilitate online knowledge sharing and networking among US and Indian startups and small businesses", the US Commerce Department said in a statement.
"To date, NIHIT has organised four workshops to promote capacity building and skilling in cybersecurity, digital technologies, and AI, which have been attended by over 1,000 startups, small businesses, and entrepreneurs," it added.
