Connecting Businesses with Opportunities in India

US India Business

 

U.S. President, Donald Trump, Completes his Maiden Visit to India

US President Trump visited India from 24 to 25 February 2020. The Indian government masterminded President Trump's 36-hour visit, between 24th to 25th Feb,  to India.  

Giving  President Trump a King's Welcome, roughly 125,000 individuals participated in an gigantic rally at the Motera Stadium in Ahmedabad in the State of Gujarat, India. The show was gorgeous with the two leaders kept close to each other. As per the Times of India, Trump and Modi grasped each other 6 times in just 4 hours of Trump's stay in Ahmedabad.

With Trump's visit regarded as a stellar example of US-India's blossoming relationship, both the sides committed to the following areas of collaboration: 

  • Defense and security cooperation and early conclusion of the Basic Exchange and Cooperation Agreement (BECA)  
  • India's acquisition of advanced U.S. military technology that includes MH-60R naval and AH-64E Apache helicopters
  • Concluding ongoing trade negotiations
  • Growing the strategic energy partnership to meet India's diverse energy needs through coal and natural gas, LNG, and encouraging the finalization of the techno-commercial offer for the construction of six nuclear reactors in India
  • Joint space cooperation  
  • Higher education collaboration  
  • Rapid response to the disease outbreak  
  • Support of the United States for India’s permanent membership on a reformed U.N. Security Council and entry to the Nuclear Suppliers Group.  
  • Open, reliable, and secure the Internet that facilitates trade and communication. 

India-U.S. Joint Statement

Two Mega Events Organized

1) US-India Forum:

USISPF in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI) and Observer Research Foundation (ORF) convened the U.S.-India Forum: Partners for Growth — a gathering of 300 eminent current and former government of India and U.S. government officials, and private sector leaders to discuss the next steps in growing U.S.-India trade and investment relations, defense ties, Indo-Pacific strategy, and the enormous technology transitions and trends in the coming decade.

2) The India-US Business Story: Opportunity, Innovation, and Entrepreneurship:

The "India-US Business Story: Opportunity, Innovation, and Entrepreneurship" Summit was held on 25 February in New Delhi, for industry leaders, like Ms Meg Gently, CEO of Tellurian (who recently signed a $7.5 billion LNG pact with Petronet in September 2019), to discuss the India-US economic relationship's opportunities and challenges.  A CII-USIBC report was launched: $500 Billion Roadmap, The US-India Relationship: Aiming High
 

Media Sources:

Feb 2, 2020,

The chart below depicts the quarterly trend in bilateral trade - U.S. and India - between 2018 and 2019.

Cumulative bilateral trade in goods and services: $110.9 billion for the first three quarters of 2019. This shows an increase of 4.5%, while U.S. exports and imports growing at 4% and 5%, respectively.

How to Bargain with Street Vendors in India | Entry India

Source: U.S. Census and Bureau of Economic Analysis

April 9, 2018: India and the US will hold bilateral talks on April 11 at the World Trade Organization (WTO) Geneva regarding Washington’s complaint alleging discriminatory export subsidies given by New Delhi. Read more

To scale up the trade relationship, President Obama announced $4 billion in government-backed investments and lending to India - $1 billion would be used to finance exports of 'Made-in-America' products, while another $1 billion will be made available to small- and medium-sized enterprises in underserved rural areas of India. Investment worth $2 billion will be committed for renewable energy in India, President Obama told a gathering of 50-odd top business leaders.

Read more