Piyush Goyal, Gina Raimondo discuss US investment in 20 upcoming industrial cities in India
Commerce Minister Piyush Goyal, currently visiting the United States, on Wednesday met with US Secretary of Commerce Gina Raimondo during the India-US CEO Forum. The meeting focused on enhancing bilateral cooperation and exploring new investment opportunities, particularly in the 20 upcoming industrial cities in India.
The two leaders emphasized joint efforts in key sectors such as defence, space, semiconductors, telecommunications, artificial intelligence (AI), and clean energy, highlighting these areas as critical for driving innovation and economic growth in both nations.
In a post on X, Goyal said: “Our discussions focused on prospects of tech and R&D collaboration in critical sectors. We also discussed opportunities for US investments in upcoming 20 industrial cities in India to foster mutual growth.”
The meeting, held in Washington, D.C., underscored the potential for expanded research and development (R&D) partnerships, particularly in the technology sector.
Goyal also addressed the US-India Strategic Partnership Forum’s CEO Roundtable, where he highlighted India’s robust economic growth, thriving manufacturing sector, and improvements in ease of doing business, all of which make India an attractive destination for global investors. He encouraged American businesses to participate in India’s growth journey, fostering stronger bilateral ties and contributing to global progress.
Goyal also met with top executives from global firms to discuss potential collaborations. During his meeting with Ali Dibadj, CEO, and Sukh Grewal, Head of Strategy and Corporate Development at Janus Henderson Investors, discussions focused on expanding the company’s presence in India.
(With ANI input)
