CII initiates steps to double Indo-US trade

NEW DELHI: Industry body Confederation of Indian Industry (CII) is working on doubling Indo-US bilateral trade in goods and services from the current $40 bn to $80 bn over the next three years as part of which it plans to organise a series of conferences.

The body has designed an eight-point multiple agenda, '9 days of India in the US', which includes discussion, dialogues on innovation, strategy, tri-lateral talks on Indo-US-Japan healthcare, launch of Indian business forum and Indian Americans, it said in a statement.

CII has taken these initiatives to double goods and services trade between India and the US, enhance India's investment in the US, connect Indian Americans to India's development needs, update US government and industry on India's economic performance and promote an overall understanding on India in the global community.

The indutry body has arranged discussion with Aspen Strategy group on the overall international political and security scenario, regional security issues, domestic politics in both countries, globalisation and cooperation in multilateral fora, among others, a statement by CII said.

CII will also lead an Indian team to participate in a conference organised by Asia Foundation later this month that will provide an opportunity for a discussion between American foreign policy community and their Indian, Chinese counterparts.