Overall industry sentiment after PM Modi’s US visit is of confidence and enthusiasm: CII. The Confederation of Indian Industry (CII) said on Saturday that the visit was a major milestone that will strengthen bilateral trade, investment, defence, and technology partnerships. The visit is especially significant as it will boost manufacturing in India, attract increased foreign direct investment and create jobs, said Chandrajit Banerjee, Director General of the C II. The target of $500 billion in trade by 2030 promises to give a huge boost to exports of labour-intensive goods from India and industrial goods from the US, offering many new opportunities for Indian industry. The discussion around nuclear reactors, coming close on the heels of India’s recently announced nuclear energy targets of 100 GW by 2047, has laid the foundation for technology collaboration and new fossil-free fuel options, it emphasised. The CII also expects that easier market access and regulatory harmonisation will emerge from the proposed bilateral trade agreement dialogues, helping Indian products and services find a greater foothold in the US market and vice versa. The new deals and frameworks are expected to enable Indian industry to scale up, innovate, and integrate more deeply with global markets.
Overall industry sentiment after PM Modi’s US visit is of co….
