India-US bilateral ties have come to extraordinary momentum

India and the US bilateral ties have acquired extraordinary momentum driven by strong shared interests in promoting global stability, security and economic prosperity. India expected to discuss several issues, including the H1-B visa suspension, proposed totalization agreement, data localization and digital services tax.

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The long-pending India-US limited trade package may also feature during the talks, even though US trade representative Robert Lighthizer and Goyal are expected to hold talks on the issue soon.

US Secretary Wilbur Ross reported the challenging time of covid-19 is an opportunity to bring the two nations closer through collaboration in areas such as pharmaceuticals, medical equipment and associated supply chains.

The CEO Forum, comprising CEOs from top Indian and American firms, is co-chaired by N. Chandrasekaran, chairman, Tata Sons and James Taiclet, president and chief executive, Lockheed Martin. This is the fifth chapter of the Forum, since its reconstitution in December 2014.

A set of reforms and policy recommendations crafted by CEO Forum members were presented at the meeting to boost bilateral investment opportunities across key sectors such as healthcare and pharma, aerospace and defence, infrastructure and manufacturing, entrepreneurship and small businesses, energy, water and environment, information and communications technology, and digital infrastructure.