FIEO applauds enhanced India-US Trade & Investment ties following PM Modi’s US visit: Ashwani Kumar, President, FIEO

The Federation of Indian Export Organisations (FIEO) commended Prime Minister Narendra Modi’s visit to the US as a landmark event in strengthening India-US trade and investment relations. FIEO President, Ashwani Kumar emphasized that the visit marked a significant step towards deeper economic cooperation, expanding trade, boosting investments, and solidifying strategic ties between the two nations. Ashwani Kumar said that the discussions marked a major milestone in the growing economic relationship between India and the US. With the US emerging as one of India’s largest trading partners, these developments will provide Indian exporters with new opportunities. The focus on technology, defence, and green energy will particularly benefit India’s export sectors and enhance global competitiveness.

President, FIEO also lauded the increased investment focus, which will fuel new industries and job creation in India, providing a major boost to the 'Make in India' initiative and driving demand for Indian exports. He underscored the importance of enhancing bilateral trade by eliminating barriers and streamlining processes. Focus areas include technology, healthcare, agriculture, and textiles, with the ambitious goal of reaching $500 billion in bilateral trade by 2030 under "Mission 500." Kumar appreciated the timeline for a multi-sector Bilateral Trade Agreement (BTA) by Fall 2025, aimed at increasing market access, reducing trade barriers, and improving supply chain integration.

The discussions led to announcements of initiatives to boost US investments in India, particularly in renewable energy, defence, infrastructure, and technology. These investments will create new opportunities for Indian exporters and position India as a key hub for innovation and manufacturing. A major focus was placed on enhancing cooperation in IT, AI, and 5G infrastructure, opening up significant growth potential for Indian tech businesses in the US market.

FIEO remains committed to helping Indian exporters capitalize on these emerging opportunities and ensuring that trade policies foster continued growth in India-US relations said Mr Ashwani Kumar.