India offers assured prosperity and growth to US companies with recent policy reforms, says Union Minister Piyush Goyal

New Delhi: Commerce and Industry Minister Piyush Goyal on Thursday said that the India-US partnership is the defining moment of the 21st century. During his inaugural address at the American Chamber of Commerce in India, AMCHAM's 31st Annual General Meeting in New Delhi, Mr Goyal talked about diversifying and deepening India-US trade and investment ties for mutual growth and prosperity.

The Minister noted that the bilateral trade between India and US has been the highest in the last couple of years. He added that it is aimed to increase multifold in the coming years. 

He said the target of two trillion dollar exports by the year 2030 is doable with the increasing eminence and recognition of India across the world and with strengthening partnerships with like-minded countries having



shared values like the US.

He expressed hope that more US-based corporations will work together with Indian companies in the near future. The Minister encouraged companies from the US to establish their base in India and expand to newer frontiers like the markets of Africa and South-East Asia. He said that India offers assured prosperity and growth to the US companies with the recent policy reforms.

The Minister emphasised that the leaders of both countries, Prime Minister Narendra Modi and US President Joe Biden, understand each other and work smoothly together to find solutions to complex geopolitical problems around the world. Mr Goyal mentioned the 5Ts-Talent, Technology, Tradition, Trade and Trusteeship- as the vision for the India-US relationship.