U.S. Commerce Secretary Howard Lutnick has called for a comprehensive free trade agreement (FTA) with India rather than a product-by-product approach, emphasizing the need for India to significantly reduce its tariffs across the board. Speaking at the India Today Conclave, Lutnick outlined the Trump administration's vision for a "big, grand"...
U.S.-India Move Forward with Supply Chain Collaboration on Critical Minerals
During his visit to the United States from September 30 to October 4, Indian Commerce and Industry Minister Piyush Goyal engaged in discussions with U.S. Secretary of Commerce Gina Raimondo and prominent CEOs to explore investment opportunities in India and strengthen bilateral cooperation and part of sixth India-US Commercial Dialog....
India Close to an Agreement with Tesla
India is closing in on an agreement with Tesla Inc. that would allow the U.S. automaker to ship its electric cars to the country from next year and set up a factory within two years, according to officials in the Indian government. An announcement to this effect may be made...
IPEF Group, U.S., Sign Supply Chain Resilience Pact
The United States, India, and 12 other members of the Indo-Pacific Economic Framework for Prosperity (IPEF) have signed a supply chain resilience agreement. Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the US and Vietnam are members of the bloc. Under the...
Secretary Raimondo and Minister Goyal Lead “Innovation Handshake”
On November 14, U.S. Secretary of Commerce Gina Raimondo and India's Minister of Commerce and Industry Piyush Goyal led an industry roundtable and officially launched the two countries’ ambitious "Innovation Handshake" agenda, which President Biden and Prime Minister Modi previewed during the latter's historic June 2023 official State Visit to...
U.S., India, Sign MOU on Semiconductor Supply Chain, Innovation Partnership
On the invitation of India's Commerce and Industry Minister Piyush Goyal, the U.S. Secretary of Commerce Gina Raimondo visited Delhi between March 7 and 10. During this visit, the India-U.S. Commercial Dialogue was re-launched to discuss cooperation for unlocking new trade and investment opportunities between the two countries. During the...