Now Reading: US envoy pushes trade, tech ties with Telangana at Hyderabad roundtable
-
01
US envoy pushes trade, tech ties with Telangana at Hyderabad roundtable
US envoy pushes trade, tech ties with Telangana at Hyderabad roundtable
US ambassador to India Sergio Gor met top executives from defence, semiconductor, pharma and technology firms at a business roundtable in Hyderabad on Monday, aiming to strengthen bilateral trade and investment ties.…
US ambassador to India Sergio Gor met top executives from defence, semiconductor, pharma and technology firms at a business roundtable in Hyderabad on Monday, aiming to strengthen bilateral trade and investment ties. The dinner event at Taj Falaknuma Palace was part of marking the 250th anniversary of US Independence.
Gor urged companies from Telangana, Andhra Pradesh and Odisha to use policy frameworks including the TRUST Initiative, US-India COMPACT and US-India Strategic Mineral Recovery Initiative. He said the US-India relationship has moved beyond strategic alignment into concrete cooperation across defence, technology, life sciences and space.
Industry leaders attending included Boeing India president Salil Gupte, Dr Reddy's chairman Satish Reddy, Skyroot Aerospace co-founder Naga Bharath Daka, Apollo Hospitals joint MD Sangeeta Reddy, and others. US consul general Laura Williams, Telangana chief secretary Sanjay Jaju and T-Hub CEO Kavikrut also attended.
Indian Opinion Analysis
The roundtable was held under the US-India COMPACT framework signed in June 2023, which set target of $500 billion in bilateral trade by 2030. Telangana, home to Hyderabad's pharma and IT hubs, accounts for roughly 12% of India's exports to the US. The TRUST Initiative is a critical supply-chain cooperation mechanism for semiconductors, where Hyderabad has attracted major investments from companies like AMD and Micron. The next key date is the annual US-India Commercial Dialogue, which will track progress on these investment pledges.
Source: timesofindia.indiatimes.com
This brief was synthesised by AI from the source linked above.
