MUMBAI: The US-India Strategic Partnership Forum (USISPF) hosted a Roundtable Meeting in Mumbai with Shri Sanjay Sethi, IAS, Chairman of the Jawaharlal Nehru Port Authority (JNPA) recently. 

The delegates were appraised about the Vadhvan Port Project, India’s first Multi Product Port based JNPA SEZ among other critical developmental projects of JNPA, MoPSW and Maritime India Vision 2030 by JNPA Chairman. 

In fact the U.S.-India relationship has been dubbed as the most important strategic partnership of the 21st century. India’s economic reforms of 1991 and its emergence as South Asian tiger has helped forge closer economic partnership between our two countries.

In a short period, the bilateral trade between India and the U.S. has crossed the $100 billion mark in 2021. According to official figures, the overall US-India bilateral trade in goods and services reached a record $157 billion, a drastic increase from the 2020 trade figures.

The economic importance of this relationship is well evinced. Washington’s trade with its top 15 partners has increased over the past year; the single biggest jump was with New Delhi in 2021, making India the eighth largest trading partner for the US. The Honorable Commerce and Industry Minister, Piyush Goyal at US-India Strategic Partnership Forum - Annual Leadership Summit has spoken about a milestone target of a trillion dollars in bilateral trade by the year 2030. For India, to achieve its target of a $ 5 trillion economy, the lion’s share of Foreign Direct Investments (FDI) will need to come from the world’s largest economy.