Union Minister Piyush Goyal (File Image)
\n\nUnion Commerce and Industry Minister Piyush Goyal on Thursday said the first tranche of the India-US bilateral trade agreement (BTA) has been finalised and is undergoing legal drafting.
\n\nThe deal would be operationalised once India secured a competitive advantage over its peer countries, he added.
\n\nWhile interacting with students at SRCC's Centenary Conclave, Goyal said, “The first tranche of the US bilateral trade agreement has been finalised. It's going through the final contours, the legal drafting. We hope to be able to finalise it soon and operationalise it once we get comparable advantage or competitive advantage over our peer countries.”
\n\nGoyal said that countries are increasingly being assessed as manufacturing and investment destinations on the basis of political stability, resilient supply chains and fair and transparent trading practices. He noted that India has an opportunity to attract investments, expand manufacturing and adopt new technologies, including in northern and northeastern India, to generate employment and support economic growth.
\n\nMinister Goyal said that large language models and other AI systems would need to be developed into practical tools that businesses and ordinary citizens could use.
\n\nDrawing a parallel with India’s growth in the information technology sector…
Original source: https://www.timesnownews.com/business-economy
