India-US partnership driven by trust and shared economic growth: Piyush Goyal

New Delhi (TIP): India and the US are working more closely than ever, with both countries complementing each other in areas such as technology, defence, innovation and manufacturing, Union Commerce and Industry Minister Piyush Goyal said on Thursday, May 21.
Speaking at the Annual Leadership Summit of the American Chamber of Commerce in India in New Delhi, Goyal said India has become a trusted partner for global businesses and is well-positioned to benefit from changing global economic trends.
The minister said the partnership between the two countries is strengthened by mutual trust and shared economic interests. According to him, American companies are increasingly seeing India as a dependable destination for investment, manufacturing and innovation.
Goyal said commitments from US companies in the last six months are estimated to be over $60 billion. He highlighted major investments in data centres by companies such as Amazon and Google as examples of growing confidence in India.
The minister said India and the US complement each other instead of competing directly in many sectors. He pointed to areas such as quantum computing, digital infrastructure, medical devices and high-precision defence as key spaces for collaboration.
He said the US is looking for reliable partners and India has consistently shown that it can deliver high-quality work on time, even during global crises. India’s large skilled workforce, rising middle class and strong domestic demand make it attractive for global companies, he added.
Goyal also said India is moving beyond simply assembling products and is increasingly becoming a hub for design, research and intellectual property creation. He added that global firms are now choosing India for setting up global capability centres rather than shifting talent overseas. Talking about manufacturing and exports, Goyal said the government is planning an area-based industrial development model through the Bhavya scheme, which aims to create 100 industrial parks across the country.
He added that these industrial hubs would include worker housing, recreation and social infrastructure, creating complete industrial ecosystems.