Overcome sanctions regime hangover: India to U.S.
NEW DELHI: "There is need to overcome the psychological overhang of the sanctions regime" to infuse "political confidence" in Indo-U.S. relations, Foreign Secretary Kanwal Sibal said.
He was speaking at a meeting with a four-member U.S. congressional delegation organized by the Confederation of Indian Industry (CII), Nasdaq and Nasscom (National Association of Software and Service Companies) here.
Such a move could elevate bilateral relations to a "strategic partnership" and open up business opportunities for U.S. companies in India, Sibal said.
Pointing to the 25.6 percent growth in Indian exports to the U.S. last year, he said the U.S. was India's largest trade partner.
Delegation leader Joseph Crowley urged reduction of Indian tariff barriers that stood in the way of increasing trade, which crossed $16 billion last year.
Indian exports to the U.S. were worth $12 billion and U.S. exports to India $4.1 billion.
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