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India-US to set up ‘State Engagement Task force’ to deepen trade and investment ties

India-US to set up 'State Engagement Task force' to deepen trade and investment ties

The US-India Business Council (USIBC) seeks to unveil a ‘State Engagement Task force’ (SET) to help Indian and American businesses align their interests with the priorities of the State governments and allow free movement of goods and services on both sides. The priority areas covered under this plan are defence, energy, development of smart cities (Ajmer, Allahabad and Visakhapatnam), regional airport development in India through public private partnership, e-commerce, digital payments and medical devices. Both countries are also exploring ways to increase bilateral goods and services trade to $500 billion from $115 billion in 2016. Read more

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