In an hour-long meeting, Commerce and Industry Minister Nirmala Sitharaman and US Secretary of Commerce Penny Pritzker reviewed the trade ties between the countries.
"Both sides agreed to initiate identification of real projects where partners from both the countries will collaborate," an official statement issued after the meeting said.
Pritzker informed that in the wake of the new government in India, there is a lot of excitement and optimism in America.
The US side gave a draft MoU on US-India Infrastructure Initiative proposal.
The proposal was termed "a very positive step" by the Indian Minister which will be taken forward.
Sitharaman apprised the visiting US Secretary of Commerce about the administrative simplifications and facilitation measures.
The Indian minister also informed her about the manufacturing initiatives like SEZ, national investment and manufacturing zones and other proposed industrial corridors.
"Sitharaman conveyed Pritzker about India's plan with regard to smart cities too," it added.
"...It was more than once expressed by both sides that they are looking for good deliverables. The impression I got from the Secretary was that this visit is something they were looking forward to. They are looking at various different things which can happen during this visit and the sense I got was that they are keen on building on relationship with India," Sitharaman added.
The bilateral trade between the countries stood at USD 61.49 billion in 2013-13.