India, U.S. To Identify Collaboration Opportunities In Projects

NEW DELHI: India and the U.S. on Thursday agreed to start identification of projects where partners from both the countries can collaborate in order to enhance trade and investment ties between the countries.

 In an hour-long meeting, commerce and Industry Minister Nirmala Sitharaman and U.S. secretary of commerce Penny Pritzker reviewed the trade ties between the countries.

“Both sides agreed to initiate identification of real projects where partners from both the countries will collaborate,” an official statement issued after the meeting said. Pritzker informed that in the wake of the new government in India, there is a lot of excitement and optimism in America.

“Both the sides identified areas where immediate collaboration can be started, which include investment, cluster-related initiatives, investment summit and identification of projects,” it said. The U.S. side gave a draft memorandum of understanding (MoU) on US-India Infrastructure Initiative proposal.

The proposal was termed “a very positive step” by the Indian minister which will be taken forward. Sitharaman apprised the visiting U.S. secretary of commerce about the administrative simplifications and facilitation measures.

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