Union Minister of Commerce and Industry, Piyush Goyal addressing a press conference at BJP HQ, in New Delhi
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Union Minister of Commerce and Industry Piyush Goyal on Thursday disclosed that investment commitments from American industry into India have scaled to more than $60 billion, or nearly ₹6 lakh crore, in the last six months alone. Addressing a press conference at the BJP headquarters, Goyal framed this massive capital influx as a testament to the surging economic momentum between the two nations, arriving just ahead of the highly anticipated official visit of US Secretary of State Marco Rubio.Goyal emphasized the shared values underpinning the bilateral relationship, noting that as the world’s largest and oldest democracies, India and the United States share a foundational bond. He stated that Secretary Rubio’s upcoming visit is extremely timely, reflecting a growing partnership that will provide newer and bigger opportunities for India’s youth, farmers, women, entrepreneurs, start-ups, and industries, while opening up vast investment channels for US capital.“The relationship has evolved far beyond traditional commerce into a deep strategic alliance spanning critical minerals and frontiers of advanced technology,” said Goyal, adding that India and the US are actively working together in fields such as artificial intelligence, quantum computing, and machine learning, with a clear focus on co-designing and co-producing the technologies of the future. The Minister said an interim, Phase 1 of bilateral trade agreement has been finalised between the two countries, which will grant Indian goods and services preferential access to the massive $30 trillion US market.Turning to the recent capital surge, the Commerce Minister explained that the $60 billion in recent announcements will flow directly into foundational infrastructure, including data centres, manufacturing factories, and semiconductor plants. “This wave of commitments underscores why India is increasingly recognized globally as a trusted partner,” he said. Goyal credited this deep institutional alignment to the millions of Indians living and working in the United States who serve as a living bridge between the two nations, alongside the exceptional diplomatic synergy between top leadership, noting that Prime Minister Narendra Modi is frequently referred to by the US President as his one true friend.Published on May 21, 2026
