Nepal govt opens energy sector for private investments, Sri Lanka ranked 67th in Global Peace Index and second in South Asia, The Amarnath Yatra will begin on July 3 and conclude on 28th August, Meghalaya: NPP leader James Sangma elected unopposed for Rajya Sabha,

India US eye 'Win-Win' pact as negotiations gain momentum

Union Commerce and Industry Minister Piyush Goyal said on Monday that India and the United States are making rapid progress on trade discussions with a positive spirit of cooperation. He stressed that both nations are working together to finalize a “win-win” agreement that benefits both sides.An Indian delegation is currently in the US for the next round of talks on the first part of the Bilateral Trade Agreement (BTA). Discussions will continue for four days until Thursday, with India’s Chief Trade Negotiator Rajesh Agrawal joining the team on Wednesday. Both countries aim to complete the deal by the end of this year.

Speaking at the National One District One Product (ODOP) Awards 2024, Goyal announced that the Commerce Ministry will soon seek Union Cabinet approval for a new export promotion policy. The government plans to work closely with new exporters to help them access untapped markets worldwide.He said India’s trade strategy focuses on both developed economies and new, unexplored markets, aiming to sign agreements with countries whose economic strengths complement India’s capabilities.Calling India an “oasis of development” amid global economic uncertainty, Goyal reiterated that India is the fastest-growing large economy in the world. He also highlighted that most ODOP products are sustainable and will soon be linked with local tourism to boost their reach.

Goyal emphasized that all 773 districts in India contribute to the country’s progress by producing unique traditional products. While it is challenging to select just one product per district, he said maintaining high quality standards is essential for acceptance in both domestic and international markets.
India is on track to become the world’s fourth-largest economy this year, and the third-largest by 2027, Goyal said, expressing confidence in the nation’s growth trajectory.

(Business Correspondent)


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. India lodges strong protest with Rubio on killing of 3 Indian Sailors

    Full Story

  1. European weapons used to attack India, Jaishankar's clear message to West

    Full Story

  1. India’s retail inflation rises to 3.93% in May as food prices accelerate

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Avocado: A heart-smart ingredient worth adding to your plate

Avocado is also an excellent source of dietary fiber. Including it in your meals can contribute significantly to your daily fiber intake. 

Read More

Crime

IDFC First Bank-AU Finance Bank fraud case: CBI searches 6 premises

The CBI has conducted searches at six premises in connection with the ongoing investigation into the IDFC First Bank and AU Finance fraud case..

Read More

Opinion

Manufactured Panic: When fear becomes a business model

Perhaps the most overlooked example of anxiety-driven consumerism lies in the modern obsession with expiry dates.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.