Group Members;

Parul Sharda

Parmod Arora

Date 28/12/20141

Commercial Dialogue envisaged in the statement

“India-U.S. Relations: A Vision for the 21st

Century” made by the Prime Minister of India

and the President of the United States of

America on 23rd March, 2000 at New Delhi; For

the further development and strengthening of

commercial, trade and investment ties between

Indian and U.S. private sectors are shared.

Date 28/12/20142

These Terms of Reference are intended to

provide a general framework to guide the

development and maintenance of a public

sector-private sector dialogue on commerce

between India and the United States. This

public-sector dialogue is envisaged to be an

element of a broader economic/commercial dialogue between the two governments.

Date 28/12/20143

The Dialogue is a cooperative undertaking to facilitate regular discussion to deepen ties between the Indian and the American business communities.

This will be a forum where emerging issues affecting bilateral trade may also be discussed

Date 28/12/2014 4

Date 28/12/20145

To ensure regularity in the conduct of the Dialogue,

the Indian Department of Commerce and the U.S.

Department of Commerce will maintain close

contact with their private sector enterprises and

business associations that are engaged in relevant

activities to bring Indian and U.S. business

representatives together.

The Indian Department of Commerce and the

U.S. Department of Commerce will communicate

at the beginning of each year about, and agree

upon at least one venue for conducting a public-

private sector dialogue session.

The Indian Department of Commerce and the

U.S Department of Commerce will then consult

with the organizers of the meeting/event

regarding their interest in having a Dialogue

session associated with their programmed.

Date 28/12/20146

Date 06/15/20147

Within 90 days of the signing of these Terms of Reference, the Indian Department of Commerce and the U.S. Department of Commerce will consult and develop a plan and procedures to implement these Terms of Reference.

The undertakings of either India or the United States pursuant to these Terms of Reference are contingent upon the availability of funds and subject to the laws and regulations of India and the United States.

The Commercial Dialogue will be reviewed

after two years from the date of the signing of

the Terms of Reference.

Date 28/12/2014

8

To develop a schedule of meetings and

activities for promotion of High Technology

commerce

to take steps to remove systemic tariff and

non-tariff barriers

to identify and generate awareness of market

opportunities recognizing the importance of

private sector in this Endeavour

Date 28/12/20149

To create appropriate environment for

successful High Technology commerce in

partnership with private sector

To maintain regular information flow on the

changes on respective export control laws,

regulations and policies and establishment of

mechanism for prompt discussion on any

bilateral “dual use” export control issues.

Date 28/12/2014

10

Overview:

The bilateral cooperation is now broad-based

and multi-sectoral covering trade and

investment, defense and security, education,

science and technology, cyber security, high-

technology, civil nuclear energy, space

technology and applications, clean energy,

environment, agriculture and health

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Trade and Economic:

Mutual Investments:

Energy:

Clean Energy:

Science & Technology (S&T):

Health Sector:

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From a modest $ 5.6 billion in 1990, the

bilateral trade in merchandise goods has

increased to $ 63.7 billion in 2013.

India's merchandise exports to the U.S. grew

by 6.8% from $ 35.97 billion during the period

January-October 2013 to $ 38.42 billion

during the period January-October 2014.

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Major items of export from India to US

Textiles (15.7%)

Precious stones & metals (20.9%)

Mineral Fuel, Oil (10.9%)

Pharmaceutical products (10.8%)

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Organic chemicals (4.9%)

Machinery (4.9%)

Electrical Machinery (3%)

Lac, Gum, Resins (2.9%)

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Precious stones & metals (24.4%)

Aircraft, spacecraft, Parts (12%)

Machinery (9.8%)

Electrical machinery (6.5%)

Mineral Fuel, Oil etc (6.3%)

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Optical instruments & equipment (6%)

Organic chemicals (3.4%)

Plastic Products (3.2%)

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USA is a major investing country in India in

terms of FDI approvals, actual inflows, and

portfolio investment. US investments cover

almost every sector in India, which is open for

private participants.

Since 2000, the two countries have been

making efforts to strengthen institutional

structure of bilateral economic relations by

means of the “India-US Economic Dialogue”

that aims at deepening the Indo-American

partnership through regular dialogue and

engagement. 28/12/2014 18

U.S.-India Commercial Dialogue:

Smart Cities:

Digital India Initiative:

Infrastructure Collaboration Platform:

28/12/2014 19

Bilateral Shared Forum on

Manufacturing:

Cross-Border Trade and Investment:

Financing Infrastructure Development:

Indo-U.S. Investment Initiative:

28/12/2014 20

5th Strategic Dialogue session was held in New Delhi in late July 2014. in part due to a global economic downturn that has dampened commercial activity.

On July 29, Secretary of State John Kerry and Secretary of Commerce Penny Pritzkertraveled to New Delhi for the 5th U.S.-India Strategic Dialogue, where they met with newly-seated Indian Prime Minister NarendraModi and External Affairs Minister SushmaSwaraj.

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In a joint statement, the two sides reviewed bilateral dialogues and working groups on issues ranging from science and technology to regional security and counterterrorism.

On July 10, new Indian Finance Minister ArunJaitley presented a partial-year national budget in pursuing substantive new economic reforms pledge to raise foreign direct investment caps in the insurance and defense sectors up from 26% to 49%.

28/12/201422

India becoming the world’s third largest

economy by 2030; in purchasing power parity

terms.

Modi is widely viewed in Washington as being

good for business, especially through efforts to

create a more stable and tax-friendly

investment climate.

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Modi faces a busy foreign policy schedule to

include appearances at five multilateral

summit meetings before year’s end: the BRICS

(Brazil, Russia, India, China, South Africa)

summit in July;

SAARC

China

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Japan

Iran

Pakistan

28/12/2014 25

Economic and Trade Issues

Security and Defense Issues

Human Rights Concerns

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India’s estimated growth in population more

than 68 cities projected to have more than one

million citizens by 2030 and urban area

household income may be $4 trillion in 15

years make it a critical market for future U.S.

exports.

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