India-US Partnership Driven by Trust, Tech & Growth: Goyal

• Piyush Goyal highlights growing India-US economic partnership
• Minister says American investments crossed $60 billion in six months
• Government plans 100 industrial parks under Bhavya scheme
• Export Promotion Mission to help MSMEs join global supply chains

GG News Bureau
New Delhi, 21st May: Piyush Goyal, Union Minister of Commerce and Industry, on Thursday said India and the United States are working as natural partners driven by trust, complementarity and shared economic interests across critical sectors including technology, defence, data centres and quantum computing.

Addressing the Annual Leadership Summit of the American Chamber of Commerce in India in New Delhi, Goyal said India has emerged as a trusted global partner capable of delivering high-quality output on time even during global crises.

The minister said commitments from American companies over the last six months are estimated to exceed 60 billion dollars, including major investments in data centres by firms such as Amazon and Google.

Goyal said India’s scale, skilled talent pool and growing middle class make the country an unmatched destination for global investment and innovation.

Highlighting India-US complementarity, he said the two economies have minimal competition and can together build resilient and trusted global supply chains.

The Commerce Minister also announced that the government is developing an area-based industrial model under the Bhavya scheme to establish 100 new industrial parks across India. He said the initiative would integrate industrial infrastructure with housing, recreation and social facilities to create holistic industrial ecosystems.

Speaking on MSME growth, Goyal said the proposed Export Promotion Mission would help small and medium enterprises obtain internationally recognised certifications required to become part of global supply chains.

He added that agencies including the Export Inspection Council, Bureau of Indian Standards and FSSAI are working to create world-class testing and quality infrastructure across the country.

The minister expressed confidence that India would remain the world’s fastest-growing major economy for at least the next 25 years despite global economic uncertainties.

Referring to India’s economic resilience, Goyal said the country’s growth forecast was recently upgraded from 6.4 per cent to 6.5 per cent despite challenges posed by the Ukraine conflict and tensions in West Asia.

He said India is rapidly transitioning from a low-cost assembly economy to a global centre for design, innovation and intellectual property creation.

The minister highlighted flagship government initiatives including Startup India, Make in India and Digital India, stating that these programmes have strengthened India’s manufacturing, digital infrastructure and innovation ecosystem.

Goyal also noted that India currently hosts more than 2,100 global capability centres employing around 2.35 million people directly and generating nearly 98 billion dollars in revenue.

On infrastructure, the minister described PM Gati Shakti as a transformative initiative that integrates geospatial and infrastructure data for smarter planning of highways, ports, railways and logistics corridors.

He said India aims to become a developed nation by 2047 with a projected per capita income of 20,000 dollars under the Viksit Bharat vision.

Goyal urged global investors and businesses to recognise India’s long-term economic potential, technological capability and growing aspirations.