India-US Trade Deal Ushers in New Era of Modi-Trump Friendship: Maharashtra CM Fadnavis
Maharashtra Chief Minister Devendra Fadnavis has declared the recently announced trade agreement between India and the United States as the dawn of a new and enduring chapter in bilateral relations. In an official statement, Fadnavis emphasized that this pact signifies a true victory for the friendship between Prime Minister Narendra Modi and US President Donald Trump.
Historic Tariff Reduction Announced by US President
US President Donald Trump on Monday unveiled a significant reduction in US tariffs from 50 percent to 18 percent as part of this landmark trade deal with India. This move is poised to reshape global trade dynamics and enhance economic cooperation between the two nations.
Fadnavis Highlights Global Trade Implications
According to Fadnavis, this agreement marks a momentous occasion for global trade, positioning India among the world's major exporting economies with preferential tariff rates from the US. He stated, "This marks the beginning of a new era in Indo-US friendship."
Boost for Maharashtra's Economy and Technology Sector
The Chief Minister outlined the exciting possibilities this deal opens for Indian businesses, particularly in Maharashtra. As a leader in exports, Maharashtra is set to benefit immensely from this agreement. Fadnavis stressed that the state will receive substantial investments in key areas, including:
- Data centers
- Artificial Intelligence (AI)
- Frontier technologies
He emphasized that this development will open new horizons for business in the region, fostering growth and innovation.
A Fruitful and Lasting Partnership
Fadnavis concluded by reaffirming that the trade deal is not just an economic agreement but a foundation for a fruitful and lasting partnership between India and the USA. This collaboration is expected to yield mutual benefits and strengthen ties at both the national and state levels.
