The US-India CEO Forum has reaffirmed its commitment to expanding bilateral trade and commerce, driving inclusive economic growth and innovation, and fostering a resilient partnership.
India-US Bilateral Trade In Focus
The Forum is co-chaired by US Secretary of Commerce Gina Raimondo and Union Minister of Commerce and Industry Piyush Goyal.
The sixth edition of the Forum -- a platform that convenes US and Indian business leaders to develop and provide joint recommendations for strengthening bilateral commercial ties and expand trade and investment between the two countries -- was held in the US capital on Wednesday.
Lockheed Martin CEO and president James Taiclet and Tata Sons chairman N Chandrasekaran are the private sector co-chairs for 2023-2024.
Held a productive meeting with the US Secretary of Commerce @SecRaimondo, over lunch on the sidelines of the India-US CEO Forum.
— Piyush Goyal (@PiyushGoyal) October 2, 2024
Our discussions focused on prospects of tech and R&D collaboration in critical sectors such as defence, space, semiconductors, telecom, AI and clean… pic.twitter.com/Xwxs0OqhkS
Goyal Meets US Commerce Secretary
During the meeting, Raimondo and Goyal appreciated the recommendations made by the Forum members over the past two years and their respective initiatives.
Goyal said in a post on X, "Held a productive meeting with US Secretary of Commerce Raimondo over lunch on the sidelines of the India-US CEO Forum. Our discussions focused on prospects of tech and research and development collaboration in critical sectors such as defence, space, semiconductors, telecom, AI (artificial intelligence) and clean energy." "We also discussed opportunities for US investments in upcoming 20 industrial cities in India to foster mutual growth," he added.
Participated in the highly interactive roundtable on India-USA Gems & Jewellery Trade in New York.
— Piyush Goyal (@PiyushGoyal) October 2, 2024
Underscored the several strong steps taken under PM @NarendraModi ji's leadership to boost the sector including allowing 100% FDI through automatic route. Discussed how we can… pic.twitter.com/QA6YB0oTVx
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.
NIHIT has so far organised four workshops to promote capacity building and skilling in cybersecurity, digital technologies and AI that were attended by more than 1,000 startups, small businesses and entrepreneurs, a press release said.
The Forum members represent 22 US companies and 25 Indian companies.