India, US Reaffirm Commitment to Expanding Trade at CEO Forum

By siliconindia  |  Thursday, 03 October 2024, 08:54:05 AM IST

India, US Reaffirm Commitment to Expanding Trade at CEO Forum
The 6th US-India CEO Forum, co-chaired by India's Commerce and Industry Minister Piyush Goyal and US Commerce Secretary Gina Raimondo, reinforced the two countries' commitment to expanding bilateral trade and fostering inclusive economic growth. Held in Washington on Wednesday, the forum brought together government representatives and business leaders from both nations.
During the meeting, the forum members reaffirmed their commitment to strengthening bilateral commerce, driving innovation, and enhancing economic resilience. The discussions highlighted collaboration in critical sectors such as defence, space, semiconductors, telecom, artificial intelligence, and clean energy.
On the sidelines of the meeting, Goyal and Raimondo met over lunch to further discuss opportunities for collaboration. Goyal shared on X that their talks centered on the potential for tech and R&D partnerships, with a focus on attracting US investments in India's 20 upcoming industrial cities.
The US-India CEO Forum serves as a vital platform for leaders from Indian and American businesses to develop joint strategies to boost trade and investment. The forum features representation from 22 US companies and 25 Indian companies, with James Taiclet, CEO of Lockheed Martin, and N. Chandrasekaran, Chairman of Tata Sons, serving as private sector co-chairs for the 2023-2024 term.
The meeting also reviewed the progress of the Network for Innovation and Harnessing Investments and Trade for Inclusive Growth (NIHIT) platform, which facilitates knowledge sharing and networking among startups and small businesses from both countries. To date, NIHIT has organized four workshops focused on cybersecurity, digital technologies, and AI, attended by over 1,000 entrepreneurs and small businesses.
The forum aims to further strengthen commercial ties and promote mutual growth through strategic collaboration in key sectors.

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