PM Modi's US Visit Strengthens India-US Trade, Investment Ties
Prime Minister Narendra Modi’s visit to the United States has been hailed as a landmark event in strengthening India-US trade and investment relations, according to leading business chambers Assocham and the Federation of Indian Export Organisations (FIEO).
Assocham President Sanjay Nayar emphasized that the visit underscored the deepening strategic partnership between India and the US, as reflected in the joint statement issued after Modi’s meeting with President Donald Trump in Washington, DC. He noted key outcomes, including enhanced cooperation in defence, counterterrorism, energy security, trade, and investment.
One of the most significant developments is the agreement to accelerate AI infrastructure development, with a roadmap expected by the end of the year. Additionally, both nations have reaffirmed their commitment to achieving $500 billion in bilateral trade by 2030. The initiation of negotiations for a Bilateral Trade Agreement (BTA) is expected to open new avenues for trade and investment, Nayar said.
FIEO President Ashwani Kumar highlighted the visit’s role in expanding economic cooperation and boosting investments. With the US being one of India’s largest trading partners, these discussions mark a major milestone in the growing economic relationship. The focus on technology, defence, and green energy will particularly benefit Indian exporters by enhancing their global competitiveness, he added.
Kumar also praised the increasing US investment interest in India, particularly in renewable energy, infrastructure, and technology. These investments are expected to fuel industry growth, create jobs, and strengthen the 'Make in India' initiative while driving demand for Indian exports.
The discussions also underscored the need to eliminate trade barriers and streamline processes in key sectors such as technology, healthcare, agriculture, and textiles. The ambitious 'Mission 500' initiative aims to boost bilateral trade to $500 billion by 2030, aligning with India's economic growth plans.
A key highlight was the commitment to finalizing a multi-sector Bilateral Trade Agreement by Fall 2025. This agreement is expected to improve market access, reduce trade barriers, and enhance supply chain integration between the two countries.
Additionally, announcements were made regarding increased US investments in India’s defence, IT, and 5G infrastructure sectors. These initiatives are expected to provide a significant boost to Indian tech businesses, further solidifying India’s position as a global hub for innovation and manufacturing.
“The visit has set the stage for deeper economic collaboration, unlocking new opportunities for Indian exporters and strengthening India's global trade footprint”, Kumar said.
