US Ambassador: India-US Must Resolve Friction for Growth
By Business Desk
US Ambassador Sergio Gor urges India and US to address friction points, advocating for predictable taxation and regulatory frameworks to boost bilateral business and investment.
US Ambassador Sergio Gor recently urged India and the US to address existing friction points as genuine partners. He emphasized the critical need for predictable taxation and stable regulatory frameworks to foster business prosperity between the two nations.
Speaking at the Indo-American Chamber of Commerce, Gor highlighted the necessity for open, trust-based dialogues regarding export controls. He also called for strong intellectual property safeguards to assure innovators in their investments and growth within both economies.
- The US embassy in India has attracted over $20 billion in investment, leading all US embassies worldwide.
- Bilateral trade between India and the US surged from $20 billion to $240 billion in goods and services over two decades.
- The shared goal is to reach $500 billion by 2030.
Gor affirmed trust in India, noting President Donald Trump’s consistent investment in the bilateral relationship. He stressed that collaboration between India and the US fosters integrated value chains, accelerates technological breakthroughs, and strengthens supply chain resilience.
Maharashtra’s Vision for Tech Collaboration
Maharashtra Chief Minister Devendra Fadnavis, also present at the event, identified technology as the future cornerstone of the Indo-US relationship. He detailed key components of economic power for the coming decade, with Maharashtra aiming for broad participation.
- Artificial intelligence
- Semiconductors
- Quantum technologies
- Cybersecurity
- Cloud and data infrastructure
- Advanced manufacturing
- Medical technology and biotechnology
- Dual-use technologies
Fadnavis concluded that the next phase of cooperation should leverage India’s engineering and scientific talent with the US’s capabilities. This includes frontier research, technology, and capital to foster joint innovation and research.
- Joint innovation and research
- Technology transfer
- Global capability centers
- Manufacturing partnerships
- New global supply chains