Page 54 - Us India Relations

Goyal delivers keynote on 'India's Evolving Manufacturing Landscape' in US

Goyal discussed how historic reforms, diversification, and localised supply chains are transforming India into a global manufacturing powerhouse

There will be no change in policy on multi-brand retailing: Goyal in US

Union Minister of Commerce and Industry Piyush Goyal on Thursday categorically ruled out the entry of multi-brand retailing in India as such a move would destroy pop-and-mom stores like that of the US. Except for this, he said, India is open to all kinds of economic reforms necessary to take the country on an accelerated growth. "If the need arises, we can re-look at any of these (policies) or the government has the authority through cabinet approval to allow greater percentages (of foreign stakes in various sectors). Or we can go to Parliament and change it also, not a problem, though I do not think any of these requires parliamentary changes," Goyal said in response to a question at the Centre for Strategic and International Studies think-tank here. "The important area where sometimes, and particularly in countries like the US, I hear voices is about multi-brand retail. And that is a no-no. I want to make it loud and clear that there will be no change in our policy on multi-brand .

EAM Jaishankar meets Blinken, discuss bilateral co-op, West Asia, Ukraine

External Affairs Minister S Jaishankar met his US counterpart Antony Blinken here and held discussions covering deepening bilateral cooperation, the situation in West Asia, recent developments in the Indian sub-continent, the Indo-Pacific and Ukraine. Jaishankar - on his first visit to the US capital since the third Modi government took office - met Blinken on Tuesday at the Foggy Bottom headquarters of the US State Department. "Delighted to hold talks with @SecBlinken today in Washington DC. We followed up on the Delaware bilateral and Quad meetings. Our discussions also covered deepening bilateral cooperation, situation in West Asia, recent developments in the Indian subcontinent, the Indo-Pacific and Ukraine," Jaishankar said in a post on X. The minister was referring to Prime Minister Narendra Modi's recent bilateral meeting with US President Joe Biden. The US president hosted Modi at his Delaware residence for a bilateral meeting on September 21. They were later joined by lead

Piyush Goyal meets Warburg Pincus and Blackstone; seeks investments

Commerce and Industry Minister Piyush Goyal on Tuesday held bilateral meetings with global private equity firm Warburg Pincus and global investment company Blackstone here to discuss investment opportunities in India in sectors like electronics and renewable energy. At the invitation of United States Secretary of Commerce Gina Raimondo, Goyal is in the US till October 3, 2024. He will co-chair with Raimondo the India-USA CEO Forum on October 2, and the 6th India-USA Commercial Dialogue on October 3 in Washington D.C. In a series of posts on social media platform X, Goyal said that he met Timothy F Geithner, Chairman of Warburg Pincus, and discussed the efforts made by India to facilitate business entry, ease of doing business, single-window clearances and industrial infrastructure. "We explored new ideas and collaboration opportunities in sectors such as renewable energy, data infrastructure and R&D," he said. He also met Stephen A Schwarzman, Chairman, CEO and Co-Founder of ...

Indian-American member of US prez panel welcomes release of 250K visa slots

An Indian-American member of the Presidential Commission for Asian-Americans has welcomed the move to release an additional 2.5 lakh visa appointments by the US Mission in India. The US Mission in India opened the additional slots for travellers -- including tourists, skilled workers and students -- officials said on Monday. The recently released slots will help Indian applicants take timely interviews, facilitating the travel which is the backbone of the people-to-people ties that underpin the US-India relationship, they said. Reacting to the development, Ajay Bhutoria -- a member of the President's Advisory Commission on Asian-Americans, Native Hawaiians, and Pacific Islanders (AANHPI) -- said on Monday, "This is the direct result of one of my recommendations submitted earlier on the White House AANHPI commission. "I am grateful to the US Embassy in India, particularly (US) Ambassador (to India) Eric Garcetti, for their dedicated efforts in addressing visa appointment wait times.

India should not push US for GSP benefits as gains are marginal: GTRI

India should accept the withdrawal of benefits under the US generalised system of preferences (GSP) scheme and avoid pushing for its reinstatement as the benefits for domestic exporters were marginal, think tank GTRI said on Monday. It also suggested that India should not seeks the resumption of the scheme in the upcoming India-US Commercial Dialogue on October 2. Commerce and Industry Minister Piyush Goyal is visiting Washington for the dialogue. He will co-chair the meeting with US Secretary of Commerce Gina Raimondo with participation from industries, startups, and SMEs from both countries. The scheme, it added, is primarily designed for low-income countries, with even major economies like China excluded. As a growing economic power, India should focus on broader, more strategic trade discussions rather than seeking concessions on relatively insignificant issues, it said. GTRI Founder Ajay Srivastava said the primary aim of the dialogue is to strengthen the bilateral commercial

India, US may sign pact on critical minerals to bolster trade ties

The initial pact on critical minerals would help build supply chains, exchange technical know-how, and promote collaboration between Indian and American businesses in the sector

India, America to discuss pact to boost collaboration in critical minerals

India and the US are negotiating a pact to enhance collaboration in essential critical minerals, and the issue will figure during the visit of Commerce and Industry Minister Piyush Goyal to Washington this week. At the invitation of the US Secretary of Commerce Gina Raimondo, Goyal will undertake a visit from September 30-October 3. The commerce ministry said, in a statement on Sunday, that Goyal and Raimondo will also discuss steps to expand and diversify critical minerals supply chains between India and the US. "The two sides are negotiating a MoU which intends to enhance bilateral collaboration to increase and diversify essential critical mineral supply chains and leverage their complementary strengths," it said. Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars. They are particularly in demand for the production of batteries for electric cars. Goyal

IAF and US Air force complete 2 day group meeting for enhanced cooperation

With an array of participants, the Indian Air Force led exercise aimed to foster diverse ties

India joins US-led security finance network to secure critical minerals

The Minerals Security Finance Network seeks to promote collaboration between the Indo-Pacific region and Europe, ensuring a secure, sustainable, and diversified supply of critical minerals

Biden will be most proud of deepening partnership with India: White House

The India-US relationship is strong and getting stronger, the White House said, adding that President Joe Biden when looks back at his term will be most proud of deepening the partnership with India, making it more inclusive and broadening. "I think one word -- well, actually, three words: strong, and getting stronger, White House National Security Communications Advisor John Kirby said on Tuesday during a press briefing here. Kirby was responding to a question by Press Trust of India on how he would characterise the trajectory of bilateral relations under Prime Minister Narendra Modi and Biden as his term as the American leader ends soon. Biden has invested a lot in our bilateral relationship with India, Kirby told PTI. He elevated the Quad group of Australia, Japan, India and the US to the leader level and hosted Modi for an official state visit in June last year. We've elevated our strategic partnership to the highest level. We are pursuing a defence relationship on various sys

Building strong relationship with US has been PM Modi's strategy: Banga

His meeting with the CEOs is an effort to make sure that India remains a strong partner in possible manufacturing opportunities and in this case he was talking about semiconductors, he added

Garcetti terms Biden most pro-India prez ever, PM Modi most pro-American PM

He said Quad, which is a forum of the US, India, Japan and Australia, is a powerful place to set a vision, share principles and to come up with common solutions in the Indo-Pacific region

I believe AI represents American Indian spirit, says PM Narendra Modi

In his hour-long address to an estimated 13,000 Indian Americans in New York's Nassau Veterans Coliseum, Modi said India does not aspire for global dominance

PM Modi calls upon top tech CEOs to be part of India's growth story

Urges them to co-develop, co-design and co-produce in India for the world

Prez Biden, PM Modi announce plans for new semiconductor plant in India

The proposed plant will make infrared, gallium nitride and silicon-carbide semiconductors

Perfect alignment between PM Modi's and tech CEOs' vision: MIT academician

There is a perfect alignment between Prime Minister Narendra Modi and global technology CEOs' vision for India in areas like semiconductors, Artificial Intelligence and biotechnology, an eminent academician in the US has said. Modi interacted with global technology CEOs at a roundtable here on Saturday. The roundtable was anchored by the Massachusetts Institute of Technology (MIT), School of Engineering. Professor Anantha Chandrakasan, Chief Innovation and Strategy Officer at the Institute and Dean of the MIT School of Engineering, chaired the roundtable. It is my deep honour to convene and host this roundtable with Prime Minister Modi and the CEOs of some of the most impactful tech companies in the United States and globally, Chandrakasan told PTI in an exclusive interview here on Sunday after the tech roundtable. He said the roundtable focussed on a "broad-based set of topics, including biotechnology, pharma, Artificial Intelligence, quantum computing and semiconductor ...

Another example of shared commitment to preserve heritage: Garcetti

Amid Prime Minister Narendra Modi's visit, US has formally handed over 297 antiquities that were stolen or trafficked from India

India-US trade has potential to reach $500 billion mark, says Puri

Petroleum minister Hardeep Singh Puri lauded India's economic growth under Prime Minister Narendra Modi, saying the country has advanced from the 10th largest economy in 2014 to the 5th largest by 2019, surpassing the UK. Speaking at a community reception, organized by Consul General of India in Houston, D C Manjunath, at India House here, Puri emphasized Houston's pivotal role in the global energy sector, particularly in green hydrogen and aerospace. Expressing his thoughts about deepening US-India collaboration in the clean energy sector, Puri praised India's refining capacity and initiatives in biofuel blending, aiming to boost refining capacity to 300 million metric tons per annum. He termed the US-India Strategic Clean Energy Partnership as a cornerstone of future collaboration between the two countries. He acknowledged the political successes of Prime Minister Modi's party in the recent elections and said the country under Modi's regime has advanced from the 10th largest econ

India 'big abuser' of US trade ties, says Trump ahead of meeting PM Modi

Donald Trump, hoping to make a comeback as the US president, criticised India as a "big abuser" of trade while praising PM Modi as a 'fantastic' man at an election campaign in the US