New Delhi, Feb. 3 -- Indian industry on Tuesday welcomed the finalisation of the India-US trade deal, saying the reduction of tariffs to 18 per cent would strengthen the strategic economic partnership between the two countries and enhance the global competitiveness of Indian products.
Reacting to the agreement, Confederation of Indian Industry (CII) President Rajiv Memani said the expected tariff reduction marks an important milestone in bilateral relations.
"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," he said.
Congratulating the leadership for clinching the deal, Memani said, "CII congratulates the leadership of Hon'ble Prime ...