Trade deal with U.S. adds momentum to India’s growth ambition: Industry leaders
The India-U.S. trade deal adds meaningful momentum to India’s growth ambitions and supports the country’s aspiration to be a globally competitive manufacturing and innovation hub, industry leaders said on Tuesday.
Captains of India Inc, from Bharti Enterprises’ Sunil Mittal to Aditya Birla Group’s Kumar Mangalam Birla, and Mahindra Group’s Anish Shah, reacted to the landmark pact, underlining its potential to transform the bilateral trade and investment landscape.
Reacting to the trade agreement between the two countries, Mahindra Group CEO & Managing Director Anish Shah welcomed the development, terming it as “a significant step forward in strengthening bilateral trade and investment ties.
Bharti Enterprises Founder and Chairman, Sunil Bharti Mittal, said the India-U.S. trade deal is a much-awaited and significant milestone for both nations, unlocking immense opportunities for investments and growth. “The flurry of FTAs is an affirmation of India’s role at the centre of global frameworks, aimed at building resilient international trade patterns,” Mr. Mittal said.
TVS Motor Company Chairman Sudarshan Venu also said the reduction in the U.S. reciprocal tariff on Indian goods to 18% is a positive step that improves export competitiveness and reinforces confidence in long-term bilateral economic ties, furthering Prime Minister Narendra Modi’s vision of Viksit Bharat 2047.
– PTI