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American Businesses Invited to Look India as Next Investment Destination: Piyush Goyal

Addressing the India Chamber of Commerce USA's Summit virtually, Goyal said that the Indian Government is committed to being bold, open, and change
BY BEx Bureau
BusinessEx
Oct 08, 2020

The Minister of Union Commerce Industry and Railways, Piyush Goyal has invited the American businesses to be a part of Prime Minister's vision, and look at India as their next investment destination. Addressing the India Chamber of Commerce USA's Summit on Global Financial Investment Leadership virtually, he said that the Indian Government is committed to being bold, open, and change.

"Let's work together in the spirit of oneness. Let's engage with each other I am sure we have a bright future for the shared prosperity of the people of the US India," Goyal said in the meeting.

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. He said that the 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 Atma Nirbhar Bharat.

"We are partners who trust each other and we can make rapid strides to provide a trusted source to the 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 in 2017 to $145 billion in 2019. The target we have set of $500 billion in the next 5 years is eminently doable."

The Minister said that India today is moving out of the past into a mindset of high-quality products, greater global engagement, and greater share of world trade. He said that this is not time for a conservative approach, it's time for bold decisions and investments.

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