New Delhi, Feb. 3 -- Industry bodies welcomed India-US trade deal, reacting to the deal, Confederation of Indian Industry (CII) President Rajiv Memani said that the expected reduction of tariffs marks a major step forward in strengthening the strategic economic partnership between the two countries.

"The expected reduction of US-India tariffs to 18 per cent marks a significant step forward in the strategic economic partnership between India and the US," Memani said.

He congratulated Prime Minister Narendra Modi and Union Minister Piyush Goyal for steering what he described as a "constructive and forward-looking dialogue" with India's most important trade partner.

According to the CII President, the agreement will enhance the global com...