Stories
Piyush Goyal Urges US Diaspora to Deepen India-US Trade Ties, Highlights Investment Opportunities
- •Union Minister Piyush Goyal called on the Indian diaspora and American businesses to strengthen India-US economic ties, emphasizing India's growing investment opportunities and potential as a global hub for technology and data centers.
- •Addressing events in Chicago, Goyal highlighted India's transformation over the past decade and encouraged the diaspora to actively participate in India's growth story.
- •Goyal engaged with the Asian American Hotel Owners Association (AAHOA) and Asian American Store Owners Association (AASOA), urging collaboration to support communities and boost India-US trade.
- •He showcased India's attractiveness for investors, citing its large domestic market, expanding Free Trade Agreements (FTAs) with 38 developed nations, and a combined GDP coverage of $70 trillion.
- •Goyal pitched India as the "world's best location" for data centers due to its robust power infrastructure, unified electricity grid, and technology ecosystem, while also addressing ease of doing business concerns and highlighting governance reforms.
Key Questions Answered
Union Commerce and Industry Minister Piyush Goyal highlighted India's potential as a premier global hub for technology and data centres during his engagements in Chicago. He pointed to India's reliable power infrastructure, unified electricity grid, and secure environment as key advantages for housing data centres.
Piyush Goyal discussed expanding India's trade partnerships and Free Trade Agreements, noting that India has concluded agreements with 38 developed economies representing a combined GDP of nearly $60 trillion over recent years. He also engaged with his US counterpart to advance the ongoing negotiations for an India-US Bilateral Trade Agreement and an interim deal.
During his visit to Chicago, Piyush Goyal addressed an event organized by the US Indian Community Foundation and interacted with representatives from the Asian American Hotel Owners Association (AAHOA) and the Asian American Store Owners Association (AASOA). He praised their contributions to the US economy and encouraged them to strengthen economic and community ties with India.
