Commerce minister Piyush Goyal woos American companies to co-invest in advanced manufacturing

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New Delhi: Commerce and industry minister Piyush Goyal has invited American manufacturers to expand their presence in India, saying economic ties between the two countries are increasingly extending beyond traditional trade to investment, manufacturing, technology, innovation and resilient supply chains.

At a business roundtable convened by the National Association of Manufacturers (NAM) in Milwaukee, Goyal highlighted the momentum in India-US economic ties, along with India’s expanding industrial base and skilled workforce.

The association represents a substantial share of leading American manufacturing companies, contributing significantly to the US manufacturing GDP of around $3 trillion.

“Highlighted the strong momentum in India-US economic ties, along with India’s expanding industrial base and skilled workforce. 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 said in a social media post.

The minister is visiting the US from September 29 to October 5 to attend the G20 trade ministers’ meeting and hold deliberations with US trade representative Jamieson Greer on the proposed bilateral trade agreement, as part of ongoing efforts to advance a balanced and mutually beneficial India-US Bilateral Trade Agreement and finalise an interim deal in line with the joint statement of February 7, 2026.


During the roundtable, Goyal interacted with CEOs and senior executives of prominent American manufacturing and technology companies and highlighted that the India-US economic relationship is moving beyond a traditional trade relationship and increasingly encompasses investment, manufacturing, technology, innovation, resilient supply chains and the creation of high-value capabilities in both countries.

“The CEOs and senior executives shared their views on the opportunities emerging in India and their companies’ perspectives on expanding partnerships in the country,” the commerce and industry ministry said in a statement, adding that Goyal said the government is ready to facilitate companies’ operations, expansion and investments in India.

Goyal also attended a reception hosted by the Business Roundtable and NAM at the global headquarters of Rockwell Automation. He interacted with trade ministers from other G20 countries and senior business leaders of US companies, according to the statement.



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