Finance
Minister of Commerce and Industry Piyush Goyal, and his US counterpart, Gina Raimondo, co-chaired the sixth edition of the US-India CEO Forum, the highest venue for debating trade and commerce between the two countries.
During the conference sponsored by the US on Wednesday, government representatives from both countries and Forum members “reaffirmed their commitment to expanding bilateral commerce and trade, driving inclusive economic growth and innovation, and fostering a resilient bilateral partnership”.
Commerce Minister Goyal and Secretary Raimondo met for lunch on the margins of the meeting.
The Commerce Minister wrote on X that he “held a productive meeting” with Raimondo and their discussions “focused on prospects of tech and R&D collaboration in critical sectors such as defence, space, semiconductors, telecom, AI and clean energy”.
“We also discussed opportunities for US investments in upcoming 20 industrial cities in India to foster mutual growth,” he added.
The US-India CEO Forum brings together Indian and American business executives to create and present collaborative suggestions to promote bilateral commercial ties and expand trade and investment between the two countries. It is represented by 22 US enterprises and 25 Indian firms.
James Taiclet, President and CEO of Lockheed Martin, and N. Chandrasekaran, Chairman of Tata Sons, served as Private Sector co-chairs from 2023 to 2024.
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”, the US Commerce Department said in a statement.
“To date, NIHIT has organised four workshops to promote capacity building and skilling in cybersecurity, digital technologies, and AI, which have been attended by over 1,000 startups, small businesses, and entrepreneurs,” it added.
Source:IANS
