India chamber of commerce usa - Latest News Update, Information, Photos & Videos on India chamber of commerce usa at Lokmat Times

The Union Commerce and Industry and Railways Minister Piyush Goyal has invited American businesses to be a part of Prime Minister Narendra Modi's vision, and look at India as their next investment destination.Addressing the India Chamber of Commerce USA's Summit on Global Financial and Investment Leadership on Wednesday virtually, he said that the Indian government is committed to being bold, open and bring in change."Let's work together in the spirit of oneness. Let's engage with each other and I am sure we have a bright future for the shared prosperity of the people of the US and India," he said according to an official release.Stating that the US-India relationship will grow from strength to strength in the years to come, Goyal said that we are at the cusp of a very enduring relationship."US and India have a long journey ahead of us working together leveraging on huge reform measures that Prime Minister Narendra Modi has taken under Atmrbhar Bharat. The potential between the US and India is boundless," said Goyal."We are partners who trust each other and we can make rapid strides to provide a trusted source to American businesses to work with a country which is transparent where there is rule-based trading and dialogue. The bilateral trade between the US and India grew from $126 billion dollars in 2017 to $145 dollars in 2019. The target we have set of $500 billion dollars in the next five years is eminently doable," he added.The Minister said that India today is moving out of the past into a mindset of high-quality products, greater global engagement, and a greater share of world trade.He said that this isn't time for a conservative approach, it's time for bold decisions and bold investments. Goyal said that the Modi government has a very holistic approach. "We are moving from red-tape to red-carpet. We are moving out of the shackles of the past into a more open and liberal foreign investment destination. As the Prime Minister has said--We have to take the Indian economy out of command and control and take it towards plug and play," he added.Describing the reforms being undertaken in the country, Goyal said "India is undertaking efforts to reform the Indian systems of Governance, policies and laws around mining, space technology, defence, banking, financial sectors, labour and agriculture reforms. We have embarked on a new journey that will take India to levels never seen before. We are looking at logistics reform to bring down the cost of logistics.""We are doing several tax reforms. We have insolvency laws in place. India's corporate tax is amongst the lowest in the world. My own Ministry is working at 'plug and play' and cluster development. We are looking at a genuine single-window system which makes it easy for compes and businesses to work in India. We are focusing on improved infrastructure. We promise faster registration, easier availability of infrastructure," he added.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

India Chamber Of Commerce UsaFOLLOW

India chamber of commerce usa, Latest News

National :In final stages,' says Pfizer CEO on approval of its COVID vaccine in India

US pharmaceutical major Pfizer's CEO Albert Bourla on Tuesday said the company is in the "final stages" of getting approval for its COVID-19 vaccine in India. ...

National :Piyush Goyal calls upon American businesses to look at India as their next investment destination

The Union Commerce and Industry and Railways Minister Piyush Goyal has invited American businesses to be a part of Prime Minister Narendra Modi's vision, and look at India as their next investment destination. ...