Sergio Gor said the United States is looking to double its trade with India, citing a record $240 billion in 2023‑24 and a focus on high‑tech sectors such as semiconductors, critical minerals, energy, defence and artificial intelligence.
Trump echoed the ambition in a televised address, describing the partnership as "pretty close" to a deal and noting that India wants a different agreement than past accords.
Secretary of State Marco Rubio called the alignment between Washington and New Delhi "extraordinary," stressing the strategic importance of the partnership for shaping 21st‑century geopolitics and economics.
The interim trade framework announced in February covers textiles, leather, engineering goods and pharmaceuticals, with tariff concessions pending finalisation; the proposed agreement aims to reduce barriers and expand market access.
Gor highlighted Mumbai’s role as an economic hub, noting that more than 500 American firms—including Google, Meta, IBM, Procter & Gamble, Johnson & Johnson, Pfizer, Abbott, Merck, Citi, Bank of America and JPMorgan Chase—operate in the city, underscoring the urban centre’s importance in Indo‑US commerce.