New Delhi, Feb. 7 -- The Automotive Component Manufacturers Association of India (ACMA) welcomes the announcement of the Interim Trade Agreement framework between India and the United States, reflecting a shared commitment to strengthen bilateral trade, manufacturing cooperation, and resilient supply chains between the two economies.

The US and India announced in a joint statement that they have reached a framework for an Interim Agreement on reciprocal, mutually beneficial trade (the Interim Agreement) and have agreed on its terms.

Commenting on the announcement, Vikrampati Singhania, President, ACMA and Vice Chairman & MD, JK Fenner (India), said, "ACMA welcomes the India-U.S. Interim Trade Agreement framework and the parallel announc...