India’s Minister of Commerce & Industries and Aviation Suresh Prabhu June 12 was hosted by the U.S.-India Strategic Partnership Forum in Washington, D.C.
The meeting served as a continuation from a previous dialogue held in Prabhu’s first visit to the U.S. in October 2017 for the U.S.-India Trade Policy Forum.
Attendees of the roundtable included senior industry officials from leading U.S. companies such as Boston Scientific, FedEx, Walmart, Abbott, UTC, Honeywell, PhRMA, MoneyGram International, Lockheed Martin, Koch Industries, Amway, Uber, 21st Century Fox and Medtronic, among others, the USISPF said in a news release.
During the meeting, USISPF president and chief executive officer Mukesh Aghi noted that in a recent trip to India he met with business leaders and spoke about the visible pick-up in consumption both in the urban and rural sectors.
“It is very evident that some of the recent structural reforms put in place by this government are bearing fruit,” he said.
The discussion with Prabhu centered around the government trade agenda between now and the elections, the recently announced Ayushman Bharat health scheme, projects under the “Make in India” initiative and sector-specific questions in defense, fintech and media and entertainment, the release said.
Prabhu spoke about the improvements that have been made in the trade relationship, including the trade deficit reduction and noted that, “Every great partnership has areas of agreement and disagreement. I’m hopeful that the U.S. investment corridor is only going to grow, and I’m confident that we will be able to bridge our gaps.”
Also joining the discussion was Navtej Sarna, India’s Ambassador to the United States. In his remarks, Sarna mentioned the strength in the India–U.S. partnership, recently highlighted by several different bilateral dialogues.