Leading business bodies Assocham and the Federation of Indian Export Organisations (FIEO) have lauded Prime Minister Narendra Modi’s visit to the United States, calling it a pivotal step in strengthening trade and investment ties between the two nations.
Assocham President Sanjay Nayar emphasized that the joint statement following PM Modi’s meeting with US President Donald Trump reflected mutual trust and an increasingly robust strategic partnership.
He highlighted key outcomes, including enhanced cooperation in defence, counter-terrorism, and energy security-spanning fossil fuels and nuclear power-as well as trade and investment.
India’s human capital was also recognized as a crucial asset in bilateral discussions.
A significant development was the commitment to drafting a US-India roadmap for AI infrastructure by year-end.
Nayar noted that the $500 billion bilateral trade target by 2030 is within reach, while a Bilateral Trade Agreement (BTA) could unlock further economic opportunities.
FIEO President Ashwani Kumar described the visit as a milestone in advancing economic collaboration, boosting trade, and strengthening strategic relations.
Expanding Trade & Investment
With the US being one of India’s largest trading partners, these engagements will open new avenues for Indian exporters.
He noted that the focus on technology, defence, and green energy would enhance India’s export potential and global standing.
Kumar also welcomed the push for greater investment, which he said would spur industrial growth, generate employment, and bolster the ‘Make in India’ initiative.
To facilitate bilateral trade, Kumar stressed the need to remove barriers and streamline regulations, particularly in technology, healthcare, agriculture, and textiles.
Under ‘Mission 500’, both sides aim to achieve $500 billion in trade by 2030.
The FIEO chief also praised the commitment to finalizing a multi-sector Bilateral Trade Agreement by Fall 2025, which is likely to expand market access, ease trade restrictions, and strengthen supply chains.
Additionally, the government announced new initiatives to attract US investments in renewable energy, defence, infrastructure, and technology.
The FIEO chief noted, “These investments will create new opportunities for Indian exporters and position India as a key hub for innovation and manufacturing. A major focus placed on enhancing cooperation in IT, AI, and 5G infrastructure, opening up significant growth potential for Indian tech businesses in the US market.”
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