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Business EconomyPosted at: Sep 1 2020 9:36PM


India ready to sign initial limited trade package with US: Piyush Goyal

New Delhi, Sep 1 (UNI) Commerce and Industry Minister Piyush Goyal said on Tuesday the country is ready to sign the initial limited trade package with the United States, and it is up to that country to move ahead.
''India is ready to sign initial limited trade package, and it is up to the US to move ahead,'' he said, adding that the road ahead has challenges, but also a number of opportunities.
Addressing the US-India Strategic Partnership Forum (USISPF) through a virtual conference, he said the two democracies share deep commitment with each other, at the Government, Business and people to people levels.
He invited the US businessmen and industrialists to work with their Indian counterparts to take the bilateral trade to greater heights.
Both the countries believe in free and fair trade, and the US is India’s largest trading partner, he said, adding that going beyond the trade, in this interconnected world, the two nations can be the resilient trusted partners in global value chain.
Mr Goyal outlined to the members of USISPF, the steps being undertaken in the country, to facilitate the industry and investments.
He said the GIS-enabled land bank has been launched on pilot basis, with six states on board, which will help the investors in identifying the land and location.
The Minister also mentioned about the single-window system for clearances, which is being developed in cooperation with various approving authorities and agencies at the Central, State and Municipal levels.
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