Latest news with #US-IndiaStrategicPartnershipForumAnnualLeadershipSummit
Time of India
a day ago
- Business
- Time of India
Iran Deploys Russian Missiles Near Nuclear Sites Amid Fears Of Israeli Strikes If Nuke Talks Fail
India-US Trade Deal Soon? | US Commerce Secretary Hints at Breakthrough | Bilateral Talks Soon US Secretary of Commerce Howard Lutnick has strongly hinted at an imminent India-US trade deal, stating that both nations have 'found a place that works.' Speaking at the US-India Strategic Partnership Forum Annual Leadership Summit, Lutnick emphasized the urgency and optimism surrounding the deal. He praised India's proactive approach and suggested that the agreement may close within a month, an unusually fast timeline for international trade pacts. Industry titan Kumar Mangalam Birla echoed the optimism, highlighting the synergy between leaders like PM Modi and President Trump. A US delegation is scheduled to visit New Delhi on June 5-6 to finalise terms of the Bilateral Trade Agreement, as per government sources.#indiaustradedeal #howardlutnick #moditrump #usindiaties #bilateraltradeagreement #indiaeconomy #uscommerce #kumarmangalambirla #strategicpartnershipforum #tradediplomacy #junetradetalks #btaindiaus #toi #toibharat 24.3K views | 2 days ago
Hans India
4 days ago
- Business
- Hans India
India-US Trade Deal May Be Coming Soon, Says US Commerce Secretary Lutnick
US Secretary of Commerce Howard Lutnick announced during negotiations for a trade deal between India and the US that both countries have identified a mutually beneficial agreement. At the US-India Strategic Partnership Forum Annual Leadership Summit on Monday Lutnick revealed that the United States is attempting to conclude trade deals within one month which deviates from the standard two to three-year timeline typical between trading nations. 'Earlier countries get a better deal. That's the way it is. I think India is exerting significant effort to become one of the first countries which I find commendable.' Our two countries maintain a strong bilateral relationship. Lutnick expressed his belief in an upcoming beneficial trade agreement between the two nations through his message on X. During the Summit he stated "I am a great fan of India and the government people know that to be true.' After Lutnick's announcement of an impending trade deal between India and US Kumar Mangalam Birla, the Aditya Birla Group Chairperson, responded by saying, 'He (US Secretary of Commerce Howard Lutnick) showed great positivity regarding the India-US relationship and future cooperation between both nations.' He mentioned that Prime Minister Modi and President Trump have strong friendship ties which helps their nations collaborate effectively. Trade talks between India and the US will take place on June 5-6. The US delegation will visit India from June 5 to June 6 for Bilateral Trade Agreement talks according to government sources speaking to ANI. The sources report that bilateral trade negotiations between the two countries are moving forward positively. The report indicated India and the US will finalize the first section of the awaited BTA before July. The Department of Commerce from India joined representatives from the Office of the US Trade Representative for India-US BTA discussions in Washington, DC between April 23 and April 25, 2025.
Time of India
4 days ago
- Business
- Time of India
US Commerce Secretary Hints at Breakthrough
US Secretary of Commerce Howard Lutnick has strongly hinted at an imminent India-US trade deal, stating that both nations have 'found a place that works.' Speaking at the US-India Strategic Partnership Forum Annual Leadership Summit, Lutnick emphasized the urgency and optimism surrounding the deal. He praised India's proactive approach and suggested that the agreement may close within a month, an unusually fast timeline for international trade pacts. Industry titan Kumar Mangalam Birla echoed the optimism, highlighting the synergy between leaders like PM Modi and President Trump. A US delegation is scheduled to visit New Delhi on June 5-6 to finalise terms of the Bilateral Trade Agreement, as per government sources.#indiaustradedeal #howardlutnick #moditrump #usindiaties #bilateraltradeagreement #indiaeconomy #uscommerce #kumarmangalambirla #strategicpartnershipforum #tradediplomacy #junetradetalks #btaindiaus #toi #toibharat
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Business Standard
4 days ago
- Business
- Business Standard
US commerce secy was very positive about India-US equation: KM Birla
Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, has expressed optimism about the future of India-US trade relations. Following US Secretary of Commerce Howard Lutnick's speech, Birla said that Lutnick was "very positive" about the India-US equation and the future of the two nations. While speaking to ANI, Birla said, "I think he (US Secretary of Commerce Howard Lutnick) was very positive about the India-US equation, the future of the two countries together." Birla stated that Lutnick spoke about the strong friendship between Prime Minister Narendra Modi and President Donald Trump, "He talked about how Prime Minister Modi and President Trump are great friends and that really helps in doing things together between the two nations." According to Birla, Lutnick expressed confidence that a trade deal between the two countries would be announced soon. "He also said that the trade deal should be announced soon. I thought that he sounded really positive about the Indo-US future together." US Secretary of Commerce, Howard Lutnick, expressed optimism about a potential trade deal between the United States and India, highlighting the strong relationship between the two countries. In a video clip posted on X from the event, Lutnick said, "I spoke at the US-India Strategic Partnership Forum Annual Leadership Summit tonight. We have a great relationship between our countries. I'm optimistic for a trade deal soon that will benefit both nations. " Earlier, on Monday (local time), in a conversation at the US-India Strategic Partnership Forum in Washington, DC, US Second Lady Usha Vance recalled her visit to India and her children's experience there and called the meeting with Prime Minister Narendra Modi "very special." She said that her children put PM Modi in the grandfather category, and they loved him and hugged him when they visited his residence during their visit to India. Vance called the visit to India a "trip of lifetime for them" and added that it was her children's first visit to India. She also spoke about visiting places in North India, including Taj Mahal and enjoying Indian food. An official release published days earlier stated that US Secretary of Commerce Howard Lutnick and Second Lady Usha Vance will attend the eighth edition of the US-India Strategic Partnership Forum (USISPF) Leadership Summit. According to the release, Secretary Lutnick will share his insights on strengthening the US-India strategic and economic partnership to achieve the goal set by President Trump and Prime Minister Modi for USD 500 billion in bilateral trade. The Summit will also feature the Second Lady of the United States, Usha Vance, in a fireside chat. As the first Indian American in the role of Second Lady, Ms. Vance's presence symbolises the deepening partnership between the world's oldest and largest democracies and highlights the robust strength of the people-to-people will also present the 2025 Global Leadership Awards to three distinguished business leaders - Mr. Arvind Krishna, Chairman, President, and CEO of IBM, Kumar Mangalam Birla, Chairman of Aditya Birla Group, and Toshiaki Higashihara, Executive Chairman of Hitachi, Ltd.- for their outstanding contributions to strengthening the US-India-Japan economic partnership, the release added. The USISPF Leadership Summit is the most prestigious gathering in Washington, DC focused on accentuating US-India ties and convening senior government leaders and officials, diplomats, Members of the US Congress and Senate, USISPF Board members, leading business executives, media, think tanks, and global thought leaders, all working to advance cooperation and celebrate this important partnership, the release added.
Mint
4 days ago
- Business
- Mint
US Commerce Secretary Lutnick signals at a India-US trade deal in ‘not-too-distant future', says ‘India is trying hard'
US Secretary of Commerce Howard Lutnick, while signalling towards a trade deal between India and the US, said that the two countries have 'found a place that works for both countries'. Speaking at the US-India Strategic Partnership Forum Annual Leadership Summit on Monday, Lutnick said that while trade deals usually took two-three years, the US is trying to close them within a month, which is 'not the ordinary DNA of trading relationships between countries'. 'Earlier countries get a better deal. That's the way it is. I think India is trying hard to be one of the earlier countries which I appreciate,' he said, adding, 'you should expect a deal between the United States and India in the not-too-distant future because I think we found a place that really works for both countries.' 'We have a great relationship between our countries. I'm optimistic for a trade deal soon that will benefit both nations,' Lutnick wrote in a post on X. 'I am a great fan of India, and even the people in the government know that that's true,' he said during the Summit. Reacting to Lutnick's announcement of expecting an India-US trade deal soon, Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, said, 'I think he (US Secretary of Commerce Howard Lutnick) was very positive about the India-US equation, the future of the two countries together. He talked about how Prime Minister Modi and President Trump are great friends and that really helps in doing things together between the two nations.' 'He also said that the trade deal should be announced soon. I thought that he sounded really positive about the Indo-US future together,' Birla added. A US team will visit India on June 5-6 to discuss the Bilateral Trade Agreement (BTA), an ANI report said, quoting government sources. According to the sources, the bilateral trade talks between the two countries are progressing well. The report also said that India and the US are poised to sign the first tranche of the much-anticipated BTA before July. As part of ongoing discussions on the India-US BTA, representatives of India's Department of Commerce and the Office of the US Trade Representative met in Washington, DC, from April 23-25, 2025. According to the ANI report, the team had fruitful discussions on a wide range of subjects, including tariff and non-tariff matters, during the meetings in Washington, DC. As part of the BTA, leaders of both countries have set a bold new goal for bilateral trade – 'Mission 500' – aiming to more than double total bilateral trade to $500 billion by 2030. Quoting sources, the report said that the Indian government is in the process of reviewing the impact of the US court order that struck down the reciprocal trade tariffs announced by President Donald Trump. The India-US trade deal would mark a significant milestone in economic relations between the two nations, potentially opening new avenues for bilateral commerce and investment. In 2024-25, for the fourth consecutive year, the US was India's largest trading partner, with bilateral trade valued at $131.84 billion. India had a trade surplus of $41.18 billion in goods with the US in 2024-25, the ANI report added.
