India and the United States are expanding their economic relationship beyond conventional trade to focus increasingly on investment, advanced manufacturing, technology, innovation and resilient supply chains, Commerce and Industry Minister Piyush Goyal has said.
Goyal made the remarks during his visit to Milwaukee, where he is attending the G20 Trade Ministers’ Meeting and holding discussions with business leaders and trade representatives.
During a business roundtable hosted by the National Association of Manufacturers, Goyal met chief executives and senior executives from major US manufacturing and technology companies. The discussions focused on opportunities emerging in India and prospects for expanding partnerships and investment in the country.
Goyal said the Indian government was prepared to facilitate US companies seeking to establish, expand or invest in operations in India. He also highlighted India’s growing industrial base and skilled workforce as potential drivers of deeper economic cooperation.
The minister encouraged American manufacturers to increase their presence in India, work with Indian small and medium-sized enterprises and explore co-investment in advanced manufacturing. Such partnerships, he said, could contribute to more resilient supply chains and create value in both economies.
Goyal also attended a reception hosted by the Business Roundtable and the National Association of Manufacturers at the global headquarters of Rockwell Automation. The event brought together trade ministers from G20 economies and senior executives from US companies, providing an opportunity for discussions on international trade and investment.
The latest outreach comes as India and the US work towards advancing negotiations for a Bilateral Trade Agreement. Goyal is scheduled to hold discussions with US Trade Representative Jamieson Greer as part of his engagements aimed at strengthening bilateral trade and investment ties.
The proposed trade agreement is expected to remain a key focus of the minister’s US visit, alongside broader discussions on manufacturing, technology, investment and supply-chain cooperation.
The expanding scope of the relationship reflects a growing emphasis on building industrial and technological capabilities alongside merchandise trade. For both countries, greater cooperation in advanced manufacturing, investment and supply-chain resilience could form an important component of their broader economic partnership.
