Investment commitments from US estimated to be upwards of $60 billion in last six months: Goyal

Commerce and Industry Minister Piyush Goyal has said that India and the United States (US) are working as natural partners and complement each other across sectors, including technology innovation, high precision defence, digital data centres, quantum computing and medical devices. He said the partnership between the two countries is strengthened by mutual trust and shared economic interests.

The minister noted that investment commitments from American companies in the last six months are estimated to be upwards of $60 billion, including major data centre investments by firms such as Amazon and Google. He said India provides a trusted framework for global companies and combines scale, talent and market opportunity in a manner unmatched globally.

He said that the US is looking for a trusted partner and India has consistently demonstrated respect for intellectual property rights while delivering high-quality output on time.

He further said India offers a large pool of skilled talent and provides scale to American innovation through demand aggregation from 1.4 billion aspirational Indians, rising incomes and a growing middle class.

He noted that both countries are working together on new technologies such as AI, quantum computing and machine learning. He added that India has successfully finalised the framework for an interim phase-one bilateral trade agreement (BTA) with the US, and this landmark pact gives Indian exporters preferential tariff access to the nearly $30 trillion US market.