New York, Jan 10 (PTI) Commerce and Industry Minister Piyush Goyal has mentioned there are “limitless opportunities” for US traders and firms to develop in and with India throughout sectors and that is the “right time” for them to extend their engagement with the nation.

“India and US relations have been at an all-time high. In addition to strong bilateral relations, we are working closely under platforms such as Quad, I2-U2, IPEF etc,” Goyal said at a roundtable here hosted by the US-India Business Council (USIBC), part of the US Chamber of Commerce, and Nasdaq Monday.

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Goyal was making a reference to the Quad grouping of India, US, Australia and Japan, the I2-U2 grouping of India, Israel, the United Arab Emirates, and the United States and the Indo-Pacific Economic Framework for Prosperity.

In a statement issued by the USIBC, Goyal said that “for the US companies looking for ‘good times’, this is the time, this is the right time, to look at India, and engage more with India.”

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“There are limitless opportunities all across: from semiconductors to infrastructure to healthcare to manufacturing to innovation to renewables to defence and so on. I am confident that the US industry will make use of these opportunities to grow in India and grow with India,” Goyal mentioned within the assertion.

USIBC President Ambassador Atul Keshap and Executive Vice Chairman of Nasdaq and Interim Chair of USIBC’s Global Board of Directors Edward Knight emphasised how India’s G20 presidency this 12 months and the United States’ give attention to “friend-shoring” presents a momentous alternative to focus on the significance of the US-India financial partnership, and a fertile backdrop to make landmark progress on US-India commerce points, the assertion mentioned.

Keshap added that “because the United States and different like-minded democracies search to fortify their provide chains, India is an important friend-shoring accomplice.”

He added that India is taking an entrepreneurial approach to its trade partnerships and embracing an agenda focused on promoting India’s rise as a global export hub, an ambition “our member firms assist and respect.”

Knight highlighted the existing and potential future role of American capital markets in powering India’s economic rise, and in connecting India’s talent, startup ecosystem, and rapidly expanding industrial capacity with global capital.

“There is a tremendous opportunity to introduce the longstanding culture of innovation and entrepreneurship that exists in India to the global capital markets and global investors. We look forward to continuing our diplomatic relationship with the Government of India as we look for more ways to facilitate growth between our nations.”

Goyal is in Washington DC and will attend the 13th Trade Policy Forum (TPF) meeting on January 11. He will also hold a bilateral meeting with US Trade Representative Ambassador Katherine Tai.

Keshap said the US-India Trade Policy Forum presents a strong opportunity for both countries to advance their economic convergence.

“Progress on harmonising funding and commerce insurance policies, intensifying cooperation on crucial and rising applied sciences, and reducing limitations to commerce will allow the trade to ship sustained progress, job creation, and financial resilience for each our nations.”

The roundtable titled ‘Friend-Shoring and the US-India Trade Partnership: Forging Shared Economic Resilience’ was attended by executives from the availability chain and logistics, manufacturing, healthcare, digital financial system, and monetary providers sectors.

The USIBC mentioned key matters of dialogue included expectations from the upcoming TPF, methods to additional strengthen India’s mental property regime, and India’s progress on bettering the convenience of doing enterprise.

USIBC members highlighted Prime Minister Narendra Modi’s flagship National Logistics Policy as a “game changer,” and as a significant step to reducing the prices of doing enterprise within the Indian market and unlocking India’s potential as a worldwide manufacturing and export hub.

Several USIBC members signalled main new investments in India and plans to develop their manufacturing presence within the nation.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff might not have modified or edited the content material physique)