August 13, 2026 09:20 pm (IST)
Follow us:
India, USA can transform world with trade and trust: Rajnath Singh
Hyderabad, June 3 (IBNS): Union Home Minister Rajnath Singh on Friday said that India and USA are natural allies and could transform the world with trade and trust.
He was addressing the inaugural session of the Indo-American Chamber of Commerce’s (IACC) National Conclave-2016 in Hyderabad.
Singh said Prime Minister Narendra Modi and US President Barack Obama have added a new and successful chapter in Indo-US bilateral relations.
The US-India trade value was $90 billion during 2009-10. It rose to $100 billion in 2014-15.
“Now we should focus on the goal to achieve the $500 billion Indo-US trade value soon,” Singh said.
“India has enormous potential than any other country in this direction and the ongoing IACC Conclave would deliberate extensively on this,” he added.
The Union Minister said that under the dynamic leadership of Modi, India is now the fastest growing economy in the world.
"At present, all indicators are in the right direction and the country is the most attractive destination for investments. The government is laying emphasis to achieve double digit growth, by following proactive, holistic and integrated approach. To facilitate US investments under the fast track mode, the government has setup ‘One shop investment platform," he said.
Singh said the recent meetings held by PM Modi with heads of top corporates in the USA were great success resulting in attracting FDIs from these companies.
"Indian pharma companies are capable of producing affordable generic medicines and the USA needs to permit import of generic medicines to bring down the healthcare costs," he said.
"India and the USA can explore opportunities in the untapped rural infrastructure development sector. Besides, the youth were being trained under the Skill India programme and the US companies can benefit by utilizing this manpower," said Singh.
There are ample of opportunities in the Agriculture sector too for both countries to improve economic ties, he added.
The Union Home Minister informed that he will be visiting the United States next month for the dialogue on Homeland Security.
“More investments are needed for the Police Modernization programme,"Singh said adding that Homeland Security is one of the important areas for the nation’s economic development.
“If Border Management is proper, then only Internal Security is ensured," he said.
"There is a need to use technology for Border Management," he added.
"The redtapism and governmental procedures were minimized to attract FDIs. Earlier the Government used to sanction Security Clearance for only 3 years and now the same has been extended to 10 years," Singh said.
Governor of Telangana and Andhra Pradesh ESL Narasimhan, IACC National President Lalit Kanodia and other dignitaries were present.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Bar Council 'bars' 2026 NALSAR graduates from enrolment after students object to CJI invitation
Thu, Aug 13 2026
Sukhbir Badal attacked by Nihang Sikh with kirpan at Maharashtra gurdwara; assailant detained
Thu, Aug 13 2026
Kolkata: NRS Hospital nurse on night duty found dead in washroom with three fentanyl vials
Thu, Aug 13 2026
Saffron, white and saffron: Kolkata's Academy of Fine Arts becomes ground zero for BJP-Left paint war
Thu, Aug 13 2026
‘If you cannot do it, we will pass an order’: Supreme Court’s final warning to Centre on food labels
Thu, Aug 13 2026
RG Kar rape-murder case takes fresh turn as ex-TMC MLA Nirmal Ghosh arrested over cremation probe
Thu, Aug 13 2026