Services commerce crucial to spice up ‘ever expanding’ Indo-US biz ties: Goyal

Commerce Minister Piyush Goyal mentioned India and the US are “natural partners” and companies commerce will play a crucial function in ever increasing enterprise ties.
Addressing the ‘2nd Indo-US Services Summit’, organised by Indo American Chamber of Commerce (IACC) on Saturday, Goyal additionally mentioned that the companies sector holds a number of promise in aiding India’s financial restoration within the submit Covid interval. “India and the US are working towards peace and stability across the world.”
He added that the will play a vital function within the two nations’ ever increasing relations. “India and the US are two natural partners and our relationship has stood the test of time due to shared values of equality, liberty and democracy.” India is now transferring past a “low-cost service provider” to a “high value added partner” and the again workplaces in India are evolving into mind workplaces, Goyal mentioned, including “our services exports are back to 97 per cent of the previous year”.

He additionally mentioned whole companies export from India to the world was $17 billion in 2001-02 and it has now jumped to $205 billion in FY21, registering a 12-fold rise.