New Delhi: Union Minister of Commerce and Industry Piyush Goyal announced that the H1B visa issue is now “a thing of the past.” He made this statement during a meeting at Vanijya Bhavan in New Delhi. Goyal stressed that the topic would no longer dominate international discussions, indicating a shift toward other areas of economic and strategic partnerships.
Goyal recently visited the United States, spending two days in New York. During his visit, he met with CEOs from major companies to discuss reforms introduced by the Modi government. These reforms aim to attract more foreign investment in India, especially in the pharmaceutical and diamond industries.
Surat, a key hub for the diamond sector, was emphasized as a vital area for investment. Goyal met with around thirty business leaders who have already established operations in India, signaling ongoing interest in expanding their business ventures in the country.
After his meetings in New York, Goyal traveled to Washington, where he held a luncheon with 17 CEOs from the CEO forum, including the head of Tata Sons. The discussions focused on restructuring the forum, as the terms of several members are set to expire in December. Various Memorandums of Understanding (MoUs) were signed during this visit, highlighting a commitment to strengthen business ties.
Goyal also engaged with Small and Medium-sized Enterprises (SMEs), think tanks, educators, and the Center for Strategic and International Studies (CSIS). He noted that this visit differed from previous trips, as there were no “negative agendas,” reflecting a more optimistic perspective on Indo-US relations.
The talks covered potential partnerships beyond traditional sectors, including clean energy development, technology transfer, digital telecommunications, and defense.
Ongoing discussions about biosciences were mentioned, though Goyal indicated that progress on biofuels is limited due to the upcoming US elections. There were also talks about establishing a stable exchange rate between the Indian rupee and the US dollar, which could enhance bilateral trade.
Tourism and the digital economy were additional focal points in his discussions. Goyal’s engagements at the CEO forum and with the CA forum were intended to showcase India’s evolving business landscape and ongoing economic reforms, positioning the country as an attractive destination for global investment.
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