New Delhi– Commerce and Industry Minister Piyush Goyal said on Monday that he met with a U.S. business delegation led by Utah Senate President Stuart Adams to discuss expanding cooperation across sectors including artificial intelligence (AI), clean energy, critical minerals, academia, research, biotechnology, aerospace and advanced manufacturing.
Goyal shared details of the meeting on X, noting that the discussions focused on deepening partnerships in innovation-driven industries. He emphasized that India’s youthful talent base and technological momentum offer significant opportunities for shared economic growth.
“Driven by innovation and youthful dynamism, there lies immense potential to shape a future of shared growth and prosperity,” he wrote.
The minister also pointed out that India is in advanced stages of trade discussions with both the United States and the European Union. He said India now negotiates on equal footing with major economies and seeks balanced, mutually beneficial agreements.
“Every agreement stands on the comparative advantage India will have vis-à-vis its trading partner. It is not only about tariffs. We have set a target of doubling our trade in goods and services with the U.S. to $500 billion by 2030,” Goyal said.
Tensions remain over U.S. penalties on India’s purchase of Russian oil, which include a 25 percent tariff, along with reciprocal U.S. tariffs on Indian exports. New Delhi has called these measures “unfair, unjustified and unreasonable.”
Goyal noted that discussions to resolve the issue are ongoing. “We continue to engage with them, and talks are progressing. We hope to work towards a fair and equitable agreement in the near future,” he said.
At the same time, Goyal stressed that India will not rush into any trade deal. The priority, he said, is ensuring agreements that protect India’s economic interests and preserve strategic flexibility in global trade. (Source: IANS)
