New Delhi, Feb. 4 -- The Confederation of Indian Industry (CII) welcomed the India-US trade agreement, describing it as a landmark step that strengthens India's global economic position and reinforces its ambition to emerge as a leading hub for manufacturing, innovation, and sustainable growth.

CII President Rajiv Memani said the expected reduction of reciprocal tariffs between India and the United States to 18 per cent marks a significant advance in the strategic economic partnership between the two countries. Congratulating Prime Minister Narendra Modi and Union Minister Piyush Goyal, Memani said the agreement reflects constructive and forward-looking leadership and underscores the shared commitment of both nations to deepen trade, tec...