- Goyal urged US manufacturers to partner with Indian small businesses and co-invest in advanced manufacturing.
- He spoke at a National Association of Manufacturers roundtable in Milwaukee.
- US Trade Representative Jamieson Greer is leading G20 talks on forced labor, excess capacity and food trade.
- The US holds the G20 presidency in 2026.
COMMERCE and Industry Minister Piyush Goyal has urged American manufacturers to expand in India and co-invest in advanced manufacturing to build more resilient supply chains.
Goyal was speaking at a business roundtable convened by the National Association of Manufacturers (NAM) on Tuesday evening, on the sidelines of the G20 Trade Ministerial meeting in Milwaukee, Wisconsin. He had arrived in Chicago earlier that day.
In a post on X, Goyal said he had highlighted the strong momentum in India-US economic ties, as well as India's expanding industrial base and skilled workforce.
"Invited American manufacturers to explore opportunities to deepen their presence in India, partner with Indian SMEs, and co-invest in advanced manufacturing to build resilient supply chains that create value for both economies," he wrote, referring to small and medium-sized enterprises.
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Milwaukee is a major US industrial hub and home to several Fortune 500 companies in sectors including food and beverage, mechanical manufacturing, energy and water technology.
Trade talks under US presidency
US Trade Representative Jamieson Greer joined G20 trade ministers at a welcome reception hosted by NAM and Business Roundtable.
A statement from the Office of the US Trade Representative last week said Greer would lead G20 discussions on several issues:
- Eliminating forced labor in global supply chains.
- Updating the most-favored-nation (MFN) principle.
- Denouncing the weaponization of trade in food.
- Addressing structural excess capacity and production.
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Forced labor and excess capacity are also the grounds for the tariff measures the US has turned to since the Supreme Court struck down levies imposed under the International Emergency Economic Powers Act (IEEPA).
The G20 brings together the world's major advanced and emerging economies to coordinate economic policy. The US holds the presidency in 2026.
(With inputs from agencies)
