Piyush Goyal Goyal Calls on US Manufacturers to Deepen India Presence, Build SME Partnerships

New Delhi, Sep 30 (KNN) Union Commerce and Industry Minister Piyush Goyal has urged US manufacturers to expand their presence in India, partner with domestic small and medium enterprises (SMEs) and explore joint investments in advanced manufacturing.

Goyal made the pitch at a business roundtable hosted by the National Association of Manufacturers (NAM) in Milwaukee, attended by representatives of small and large US manufacturers during his US visit for the G20 Trade Ministers’ Meeting.

In a post on X, Goyal said, “Addressed a Business Roundtable convened by the National Association of Manufacturers (NAM), bringing together representatives of small & large manufacturers from across the US.”

Highlighting India’s expanding industrial base and skilled workforce, he called for deeper industrial partnerships beyond conventional market access.

“Invited American manufacturers to explore opportunities to deepen their presence in India, partner with Indian SMEs, and co-invest in advanced manufacturing to build resilient supply chains that create value for both economies,” Goyal added.

The outreach comes as India and the US continue negotiations on a proposed Bilateral Trade Agreement (BTA). The Commerce minister is expected to hold discussions with US Trade Representative Jamieson Greer during his visit, with both sides working towards an interim agreement based on their February 7, 2026 joint statement.

Goyal has reiterated that the agreement is close to completion but that its implementation would depend on India securing a competitive tariff advantage over rival exporters in the US market.

(KNN Bureau)