NEW DELHI: US President Donald Trump will meet executives of huge Indian companies with pursuits in the US as he appears to drum up investments throughout his go to to New Delhi this month.
Executives of a number of the firms anticipated to attend the assembly embody Indian oil & fuel firm Reliance Industries , diversified group Tata Sons and auto sector firms equivalent to Bharat Forge, Mahindra and Mahindra and Motherson, trade and enterprise sources stated.
Trump is scheduled to make his first go to as president to India on February 24-25 throughout which he’ll journey to Prime Minister Narendra Modi’s house state of Gujarat adopted by talks in New Delhi. The 2 international locations are attempting to signal a commerce deal throughout his go to.
On February 25, a gathering is being deliberate between Trump and Indian executives, particularly these focussing on job creation and manufacturing in the US, the sources stated.
The assembly, which will likely be held in New Delhi, was unlikely to incorporate executives of US firms, they stated.
Creating new jobs and boosting manufacturing is vital for Trump in his re-election bid later this yr. US manufacturing facility exercise rebounded in January however solely after it contracted for 5 straight months.
“President (Trump) is eager on acknowledging Indian firms that are focussing on manufacturing in the US,” stated a Washington-based supply conscious of the plans.
United States is a key marketplace for a number of Indian companies.
Mahindra final yr stated it is going to make investments one other $1 billion in the US and was dedicated to creating American jobs, whereas Bharat Forge has introduced plans to take a position $56 million to arrange a brand new plant in North Carolina.
The $100-billion Tata Group says it is likely one of the largest Indian-headquartered multinationals in North America, with 13 firms and greater than 35,000 workers.
The Confederation of Indian Industries and US-India commerce teams have advised a number of Indian executives for the Trump assembly and the US Embassy in New Delhi was reviewing that, one supply stated, including the ultimate listing was but to be finalized.
The US Embassy in New Delhi declined to remark.
Aside from his assembly with Indian enterprise leaders and Modi, Trump is predicted to attend an occasion at a stadium in Gujarat alongside the traces of the “Howdy Modi” extravaganza held in Houston final September throughout which the 2 leaders made a joint look.
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