GJ Town India

  The two nations can be resilient Trusted partners in the global value chain!   The Commerce and Industry Minister Shri Piyush Goyal has invited the US business and industry to work with their Indian counterparts to take the bilateral trade to greater heights. Addressing the US-India Strategic Partnership Forum (USISPF) through a virtual conference, Shri Goyal said that the two democracies share deep commitment with each other, at the Government, Business and people to people levels.   Both countries believe in free and fair trade, and the US is India’s largest trading partner. He said that going beyond the trade, in this interconnected world, the two nations can be the resilient trusted partners in global value chain. Shri Goyal outlined to the members of USISPF about the steps being undertaken in the country, to facilitate industry and investments. He said that GIS-enabled land bank has been launched on pilot basis, with six states on board, which will help the investors in identify

Withdrawal w.e.f. 5 June 2019   In the area of economic ties, there are on-going issues Which get resolved mutually from time to time! The United States of America (USA) has w.e.f. 5 June 2019 withdrawn India’s Generalised System of Preferences (GSP) benefits. These are unilateral, non-reciprocal and non-discriminatory benefits extended by some developed countries to developing countries. India as part of our bilateral trade discussions, had offered resolution on significant US requests in an effort to find a mutually acceptable way forward. It is unfortunate that this did not find acceptance by the US. India, like the US and other nations shall always uphold its national interest in these matters. We have significant development imperatives and concerns and our people also aspire for better standards of living. This will remain the guiding factor in the Government’s approach. In any relationship, in particular in the area of economic ties, there are on-going i