After the COVID-19 pandemic, India will have the opportunity to build an economy that is more resilient, diversified and attractive to the global manufacturers and services as the majority of the businesses world wide have faced disruptions and economic fallout, according to the head of a India-centric American business representative group here.

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Source: Business Standard

Amid coronavirus pandemic, a top American advocacy group has urged the Indian government to ease regulatory curbs to expedite production of active pharmaceutical ingredients, medical devices and other critical healthcare equipment.

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Source: Business Standard

The jump of the US with in a span of three years is significant as India is importing crude from a wide basket of 39 countries.

In a sign of strengthening bilateral ties, the United States has become the sixth largest supplier of crude oil to India, petroleum minister Dharmendra Pradhan said on Tuesday.

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Source: Business Standard

The US-India Business Council on Friday said it has appointed Vijay Advani as new Chair of its Global Board of Directors.

Advani has taken the charge as Board Chair at a time of significant growth in

US-India bilateral trade, which reached USD 160 billion in 2019.

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Source: Business Standard

India’s ambassador to the US, Taranjit Singh Sandhu on Thursday (local time) said that the upcoming “historic” visit of President Donald Trump to India will solidify the partnership between the two countries across all spheres.

“I consider myself fortunate, to have arrived in the United States, as Ambassador at a time of exciting possibilities. Within 10 days, we will witness the historic visit of President of the United States to India. This visit will help, to solidify our partnership, across all spheres,” he said during a welcome reception hosted by US-India Business Council (USIBC).

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Source: Business Standard

The India-US defence relationship which has experienced a very ambitious and positive trajectory has been an engine of growth of the overall bilateral ties, according to a top official of a business advocacy group.

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Source: Business Standard

“Trade between India & California reached $10 billion in 2018, making India California’s 13th largest trading partner. India is also the 10th largest export destination for the state,” Kounalakis said

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Source: Business Standard

Mr Philip D. Murphy, Governor of New Jersey kicked off a seven-day, six-city visit to India with a business roundtable and reception, hosted by the U.S.-India Business Council (USIBC) and the Federation for Indian Chambers of Commerce and Industry (FICCI). Speaking at the ‘New Jersey-India Inaugural Business Roundtable’, organised by FICCI and USIBC, Governor Murphy emphasised on the strong partnership between New Jersey and India to a gathering of over 60 industry leaders.

“A strong bilateral partnership between New Jersey and India helps promote inclusive economic growth and new investments,” said Governor Murphy. “I look forward to working collaboratively with the USIBC and FICCI to strengthen our business relations and promote economic opportunity both in New Jersey and India,” he added. Amid growing interest in India at the U.S. state level, the visit is designed to strengthen economic connections to one of New Jersey’s largest trade and investment partners, as well as expand already extensive cultural and educational ties.

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Source: Business Standard

India and the US must utilise the upcoming visit of US Secretary of State Michael Pompeo to resolve outstanding “trade frictions”, a top American business advocacy group said Sunday.

The US-India Business Council (USIBC) also said tariffs, forced localisation of data and other barriers to trade limit economic opportunities and adversely impact consumers in both the countries.

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Source : Business Standard