US-India commerce: India-US commerce prone to prime USD 200 billion this 12 months, says Ambassador Garcetti

The US is proud to be India’s No. 1 buying and selling associate with two-way commerce reaching almost USD 200 billion final 12 months, Garcetti informed reporters in Indore. “I feel this 12 months we are going to break the (earlier) report of USD 200 billion in bilateral commerce (between India and the US),” he mentioned.

The envoy asserted that US President Joe Biden prior to now had emphasised that commerce between India and America ought to rise to the extent of USD 500 billion given the potential for growth. Efforts are on obtain this purpose, mentioned the Ambassador who took cost of his new diplomatic project final 12 months.

Garcetti mentioned large alternatives exist to additional develop Indo-US commerce, and for bilateral cooperation in areas corresponding to defence, agriculture, house, local weather, vitality and well being, in addition to crucial rising applied sciences like semiconductors, telecommunications, AI and quantum computing.

He famous transport-related applied sciences, particularly electrical automobiles, may very well be maybe the most important space of development in bilateral commerce. “We wish to see India manufacturing electrical automobiles in better numbers. India can export these automobiles to the US,” Garcetti mentioned.

In the meantime, on the eve of Worldwide Ladies’s Day, the US Ambassador met Indore Mayor Pushyamitra Bhargava and enquired about “pink buses” run by feminine drivers for girls commuters within the metropolis. He interacted with ladies drivers of those electrical buses and listened to their experiences within the occupation. The US ambassador mentioned ladies drivers of the “pink buses” encourage everybody. “No nation or metropolis on this planet can succeed if ladies do not feel protected and empowered,” Garcetti maintained.