Page 74 - Us India Relations

This is the right time for trade between India and US: TCS' Muthuswami

With India's growth story attracting a large number of US companies, especially in the technology sector, this is the right time for the bilateral trade to grow exponentially as both nations are witnessing a better business-friendly environment, Suresh Muthuswami, the official overseeing TCS' operations in North America has said. I have not seen a better business-friendly climate from both governments and there is an increasing interest from US companies to deal with India, especially in areas of technology, Muthuswami, Chairman of North America for Tata Consultancy Services (TCS), told PTI in an interview. India's bilateral trade with the US has been on the rise since 2000, but from 2020 to 2022, it has grown from USD 120 billion to USD 191 billion. I think we're just scratching the surface. (There is) enormous interest from the US government. India is a growing economy and (there is) a lot of interest to do business with India. So, the time is right for trade between the two ...

India, US working to 'quickly conclude' pact for faster customs clearances

India and the US are working to 'quickly conclude' the mutual recognition agreement (MRA) for authorised economic operators of both countries to expedite customs clearances, CBIC Chief Vivek Johri said on Friday. The two countries in September 2021 entered into anA to recognise the AEOs of both countries. The AEO programme enables Customs administration to identify safe and compliant exporters and importers and to provide them with better facilitation. Talking to reporters on the sidelines of a CII event, Johri said the customs authorities of India and the US had discussions to recognise the AEOs of both countries and give reciprocal benefits. As part of the agreement, customs authorities of one country visit the other and evaluate their AEO programme and make sure that the features that are there for accrediting an entity as an AEO are strong enough to make the entity risk-free. That evaluation has already been done, and the language and the text of the agreement have also been ..

Modi to lead Yoga day celebrations at UN, address US Congress next week

After finishing state visit to the US, Modi will be in Egypt for two days

India-US relationship more critical for space exploration: Ex-Nasa official

The relationship between India and the US is absolutely critical on earth and possibly even more so in space, a former top NASA official has said, describing India as a "sleeping giant" for whom the sky is no longer the limit. Mike Gold, the former associate administrator for Space Policy and Partnerships at NASA, hoped that cooperation in the field of space would be one of the major areas of discussion between Prime Minister Narendra Modi and US President Joe Biden when they meet here at the White House next week. The relationship between the United States and India is absolutely critical on earth, and possibly even more so in space. India will soon become the fourth country to be able to launch its citizens into space and is therefore a global leader in the field, said Gold who is currently Chief Growth Officer of Florida-based Redwire Space. Sky is no longer the limit for India, he told PTI on Thursday. Gold is considered an architect of the Artemis Accord, a set of agreements t

US ambassador Eric Garcetti hails strong, growing bilateral ties with India

United States Ambassador to India Eric Garcetti has hailed the strong and growing ties between India and the US and described the upcoming visit of Prime Minister Narendra Modi there as "a prime example of the accelerated collaboration between our two countries". He made the remarks while presiding over the 247th anniversary celebration of US independence here on Thursday evening. According to a release from the US Consulate here, the event highlighted US-India areas of cooperation, including in the Indo-Pacific, gender equity, innovation, space, and climate change, while also recognising robust people-to-people ties and institutional partnerships between the two countries. Ambassador Garcetti hailed the strong and growing partnership between the US and India, particularly South India. "The deep ties between the US and India are gaining strength in many key areas and South India has a key role in the partnership. The upcoming visit to the US by Prime Minister Narendra Modi is a pri

India, not China, better suited for resolving Ukraine war: US Congressman

India is much better suited than China to play a leading role in resolving the war in Ukraine because of New Delhi's old relationship with Moscow, a top Indian American Congressman has said. Congressman Ami Bera said he would love to see the Indian administration use its full diplomatic capacities to help end the conflict in Ukraine. He said he was not sure if Prime Minister Narendra Modi and US President Joe Biden will discuss the conflict in Ukraine in their meeting in the Oval Office next week. I am not sure (talks on this issue) will happen, but I certainly think India can play a leading role in helping us resolve the Russia-Ukraine crisis. India obviously has an old relationship with Russia, Bera told PTI on Thursday. The Prime Minister can have conversations with Russian President Vladimir Putin that we're not going to be able to have. I think it's in everyone's interest to see some resolution to this conflict. So, you see (Chinese President) Xi Jinping trying to negotiate so

Top headlines: Govt to get Rs 63K cr dividend, Go First may resume ops

Business Standard brings you the top headlines at this hour

India plays key role in ensuring free and open Indo Pacific: US official

India plays a crucial role in ensuring a free and open Indo-Pacific that is connected, prosperous, secure, and resilient, the Biden administration has said, a week ahead of the Official State Visit of Prime Minister Narendra Modi to the United States. The US, India and several other world powers have been talking about the need to ensure a free, open and thriving Indo-Pacific in the backdrop of China's rising military manoeuvring in the region. Our partnership with India is one of our most consequential relationships. We look closely with India on...we work closely with India on our most vital priorities. They play a crucial role in ensuring a free and open Indo-Pacific that is connected, prosperous, secure, and resilient, State Department Spokesperson Matthew Miller told reporters at his daily news conference on Thursday. Secretary (of State, Tony) Blinken looks forward to seeing Prime Minister Modi and other members of the Indian delegation, while they're here; and working to make

Making push to process as many visa applications as possible in India: US

The consular teams of the US have been making a huge push to process as many visa applications as possible in India, US Department of State official spokesperson Matthew Miller said

We work closely with India on our most vital priorities: US spokesperson

US partnership with India is one of the most consequential relationships and the two nations work closely on the most vital priorities, US Department of State official spokesperson Matthew Miller said

US, India united through shared democratic values, says Ohio Senator

Ahead of Prime Minister Modi's state visit to the United States, Ohio Senator Sherrod Brown said that the two nations are united through shared democratic values

Defence min to take up deal for acquiring MQ-9 Reaper armed drones from US

Top Defence Ministry and military brass to attend the meeting. Other 'Made in India' defence deals are also on the agenda of the meeting

The time is now: US lawmaker McCornick on defence ties with India

Media reports suggest that the Biden administration is urging India to iron out bureaucratic hurdles and take forward a long-awaited deal for US- made armed drones

Piyush Goyal, US trade representative Tai to hold virtual meet today

US Trade Representative Katherine Tai will on Thursday hold a virtual meeting with Union Commerce and Industries Minister Piyush Goyal. The meeting comes ahead of Prime Minister Narendra Modi's official State Visit to the US next week at the invitation of President Joe Biden. During the meeting, Tai and Goyal are expected to put the finishing touches on the announcements being planned for next week. Bilateral trade between India and the US has nearly doubled in the Modi government's nine years. Last year, trade between the countries was over USD 191 billion. On Tuesday, US Chambers of Commerce President and CEO Suzanne Clark urged Modi and Biden to work towards achieving bilateral trade of USD 500 billion per annum. Speaking at the India Ideas Summit of the US-India Business Council, Clark said, "By reaching that ambitious bilateral trade target (of USD 500 billion), together we can demonstrate to the world that the future of the global economy will be anchored by democracy, free

Ahead of PM Modi's visit, corporate sector in US excited about India

Ahead of Prime Minister Narendra Modi's State Visit to the US, American corporate sector leaders have said they are upbeat and excited about India and want to see a deepening of technological convergence between the two countries in industries like semiconductors, defence, cybersecurity and telecoms. On Tuesday, the US India Business Council (USIBC) hosted its annual India Ideas Summit, which was the largest gathering of Indian and American CEOs, before the next week's State Visit, which was probably the only topic being discussed at the meeting. Modi has been invited by President Joe Biden and First Lady Jill Biden for an official State Visit, which will include a State Dinner on June 22. The mood was great Very positive mood. Everyone is happy about the State Visit coming up. . Everybody wants to see our technological convergence deepen on things like semiconductors, defence as well, cybersecurity, telecoms, 5G, and 6G. There are so many areas of convergence in deep tech and futur

India too big to 'take a pass' on Russia-Ukraine: Bipartisan US senators

"It was a little bit disappointing that when Russia invaded Ukraine, India took a pass," said Senator Cornyn

US actively working to help India attract private capital: Yellen

The US is actively working to help India attract more private sector capital to close its infrastructure gap, Treasury Secretary Janet Yellen said and asserted that India-US innovations can help push down the cost curves of new technologies and accelerate the world's transition to a net-zero economy. Yellen's comments come ahead of Prime Minister Narendra Modi's official State Visit to the US next week. Describing India as one of the US's reliable trading partners, Yellen on Tuesday said the two countries are working to connect new communities to the global market so that they can move up the value chain. "Looking forward, I believe that we have significant potential to grow trade and investment between our nations. Both of our countries are advancing what I call 'modern supply-side' policies -- investing in human capital, physical capital, and science and technology to boost our long-term economic potential," Yellen said at the annual India Ideas Summit of the US-India Business ...

US pushing India to seal big armed drone buy for PM Modi visit: Report

India has long expressed interest in buying large armed drones from the United States. But bureaucratic stumbling blocks have hampered a hoped-for deal for SeaGuardian drones

US cos have made contributions to India's progress: USIBC's Atul Keshap

American companies have made substantial contributions to India's progress, and they stand ready to do more, the head of a top American business advocacy group has said. Addressing a gathering of top American corporate leadership at the annual India Ideas Summit here ahead of Prime Minister Narendra Modi's Official State visit to the US on June 22, US India Business Council (USIBC) president Atul Keshap said that American companies support India's ambitions and align with its national interests. Our companies have made substantial contributions to India's progress, and they stand ready to do more. We understand the challenges, and we are ready to adapt, to listen, and to respond, he said. We are here to offer world-class products, choices, technologies, and services that support India's ambitions and align with its national interests. Indeed, the rise of India in world affairs is good for Indians, good for America, and good for free people everywhere, he said. Keshap said in his ..

Blinken talks of 'reducing strategic dependencies' ahead of Modi visit

"Central to all of this cooperation is diversifying and deepening our supply chains with trusted countries, also reducing strategic dependencies," he said