Prime Minister Narendra Modi on Tuesday (Feb 11) said that this is the time for businesses to come to India as the country is working towards the goal of "Viksit Bharat" by 2047.&nbsp;
While addressing the CEOs forum, PM Modi said that this is a confluence of the best business minds of India and France.&nbsp;
"This is a confluence of the best business minds of India and France. I welcome the report of the <a href="https://www.wionews.com/tags/ai-summit" rel="dofollow">Summit </a>presented just now. I see that all of you are working with the mantra of innovating, collaborating and integrating. You are not just building connections, you are also strengthening the India-France strategic partnership," he said.&nbsp;
Also read:<a href="https://www.wionews.com/world/pm-modi-highlights-ais-blind-spot-why-ai-struggles-to-depict-left-handed-writing-8711409" rel="dofollow"> PM Modi highlights AI&rsquo;s blind spot: Why AI struggles to depict left-handed writing</a>
PM Modi further highlighted India's achievements in AI, space technology and the Make in India programme to improve employment in the country.&nbsp;
He stressed that India is working with the target of 100 GW of nuclear power by 2047. "This sector has also been opened up for the private sector. We're also focusing on SMR and AMR technologies," PM Modi added.&nbsp;
<h2>Jaishankar urges CEOs to weigh in on FTA negotiations&nbsp;</h2>
External Affairs Minister S Jaishankar urged the CEOs to weigh in on FTA negotiations.&nbsp;
Also read:<a href="https://www.wionews.com/world/did-canadas-trudeau-smirk-at-pm-modi-during-his-speech-at-ai-summit-in-paris-8711096" rel="dofollow"> WATCH | Did Canada's Trudeau smirk at PM Modi during his speech at AI Summit in Paris?</a>
"We need to shape the global discourse in this key domain (AI); only a multipolar world can ensure that AI develops with the least bias. We need diversified production, reliable and resilient supply chains, and deeper business collaborations," he said.&nbsp;
<h2>'There could be issues on trade and immigration'</h2>
Highlighting India-US partnership, Director of South Asia Institute at Wilson Center, Michael Kugelman said that there could be issues on trade and immigration, but since the relationship is "so multi-faceted", it will be able to withstand potential shocks.&nbsp;
Also read: <a href="https://www.wionews.com/world/pm-modis-top-quotes-at-ai-action-summit-in-paris-8711106" rel="dofollow noopener" target="_blank">PM Modi's top quotes at AI Action Summit in Paris</a>
India-US has very strong bi-partisan support here in Washington for continued partnership with India, he told news agency ANI.&nbsp;
"Just like when Trump was President the first time, there were a lot of questions about issues that could be taken for granted, when it comes to US foreign policy. If those could be disrupted so to speak. But I think India-US relationship, we can expect a lot of continuity, we can expect not all that many surprises," he said.&nbsp;
Also read: <a href="https://www.wionews.com/world/need-to-be-careful-about-ai-biases-stresses-pm-modi-at-ai-summit-in-paris-8710575" rel="dofollow">'Need to be careful about AI biases': PM Modi addresses AI Summit in Paris</a>
Trump and his cabinet are really strong proponents of partnership with India, Kugelman said ahead of PM Modi's visit to the US.&nbsp;
(With inputs from agencies)

World: PM Modi further highlighted India's achievements in AI, space technology and the Make in India programme to improve employment in the country. 

Prime Minister Narendra Modi on Tuesday (Feb 11) said that this is the time for businesses to come to India as the country is working towards the goal of "Viksit Bharat" by 2047. While addressing the CEOs forum, PM Modi said that this is a confluence of the best business minds of India and France. "This is a confluence of the best business minds of India and France. I welcome the report of the Summit presented just now. I see that all of you are working with the mantra of innovating, collaborating and integrating. You are not just building connections, you are also strengthening the India-France strategic partnership," he said. Also read: PM Modi highlights AI’s blind spot: Why AI struggles to depict left-handed writing PM Modi further highlighted India's achievements in AI, space technology and the Make in India programme to improve employment in the country. He stressed that India is working with the target of 100 GW of nuclear power by 2047. "This sector has also been opened up for the private sector. We're also focusing on SMR and AMR technologies," PM Modi added. Jaishankar urges CEOs to weigh in on FTA negotiations External Affairs Minister S Jaishankar urged the CEOs to weigh in on FTA negotiations. Also read: WATCH | Did Canada's Trudeau smirk at PM Modi during his speech at AI Summit in Paris? "We need to shape the global discourse in this key domain (AI); only a multipolar world can ensure that AI develops with the least bias. We need diversified production, reliable and resilient supply chains, and deeper business collaborations," he said. 'There could be issues on trade and immigration' Highlighting India-US partnership, Director of South Asia Institute at Wilson Center, Michael Kugelman said that there could be issues on trade and immigration, but since the relationship is "so multi-faceted", it will be able to withstand potential shocks. Also read: PM Modi's top quotes at AI Action Summit in Paris India-US has very strong bi-partisan support here in Washington for continued partnership with India, he told news agency ANI. "Just like when Trump was President the first time, there were a lot of questions about issues that could be taken for granted, when it comes to US foreign policy. If those could be disrupted so to speak. But I think India-US relationship, we can expect a lot of continuity, we can expect not all that many surprises," he said. Also read: 'Need to be careful about AI biases': PM Modi addresses AI Summit in Paris Trump and his cabinet are really strong proponents of partnership with India, Kugelman said ahead of PM Modi's visit to the US. (With inputs from agencies)

'Confluence of best business minds of India, France': PM Modi at CEOs Forum in Paris

United States Commerce Secretary Wilbur Ross who was to be in Delhi on Thursday for the India-US Commercial Dialogue &amp; CEO Forum will not be coming.

"Due to inclement weather, technical problems that led to the cancellation of his flight, and other logistical issues, Secretary Ross regrets he is no longer able to attend the CEO Forum and Commercial Dialogue in person," a statement from the US Department of Commerce said.&nbsp;

US Ambassador to India Kenneth Juster will now lead the US side. Ross will participate in both meetings via video conference.&nbsp;

The Indian side will be led by Commerce Minister Suresh Prabhu.&nbsp;

The India US-CEO forum was established in 2005.&nbsp;

Bilateral trade between India and the US rose to about $140 billion in 2018 from $126 billion in 2017. US exports to India are growing around two-and-a-half times faster than Indian exports to the US.&nbsp;

Private Indian airlines have placed orders for around 300 Boeing aircraft which will be delivered over the next five to seven years. The orders are for around $39 billion and will create 130,000 American jobs. India has also started the import of US crude and natural gas worth $4.5 billion every year. Since 2008, the US has bagged more than $18 billion in arms contracts with India.&nbsp;

The dialogue takes place this year even as US President Donald Trump has been raising the issue of high tariffs by India; he has even called India "Tariff king".&nbsp;

Last month he touted how his call to India had helped bring down tariffs in "two minutes".&nbsp;

The dialogue will also take place against the backdrop of reports suggesting the US government is contemplating withdrawal of the Generalised System of Preference (GSP) to Indian exporters.&nbsp;

Industry body CII has cautioned against any such action.&nbsp;

"GSP boosts the competitiveness of American manufacturers by lowering their costs &amp; approximately two-thirds of U.S. imports under GSP are raw materials, components, or machinery and equipment used by U.S. companies to manufacture goods in the United States for domestic consumption or for export," it said in a statement.&nbsp;

United States Commerce Secretary Wilbur Ross who was to be in Delhi on Thursday for the India-US Commercial Dialogue & CEO Forum will not be coming. "Due to inclement weather, technical problems that led to the cancellation of his flight, and other logistical issues, Secretary Ross regrets he is no longer able to attend the CEO Forum and Commercial Dialogue in person," a statement from the US Department of Commerce said.

United States Commerce Secretary Wilbur Ross who was to be in Delhi on Thursday for the India-US Commercial Dialogue & CEO Forum will not be coming. "Due to inclement weather, technical problems that led to the cancellation of his flight, and other logistical issues, Secretary Ross regrets he is no longer able to attend the CEO Forum and Commercial Dialogue in person," a statement from the US Department of Commerce said. US Ambassador to India Kenneth Juster will now lead the US side. Ross will participate in both meetings via video conference. The Indian side will be led by Commerce Minister Suresh Prabhu. The India US-CEO forum was established in 2005. Bilateral trade between India and the US rose to about $140 billion in 2018 from $126 billion in 2017. US exports to India are growing around two-and-a-half times faster than Indian exports to the US. Private Indian airlines have placed orders for around 300 Boeing aircraft which will be delivered over the next five to seven years. The orders are for around $39 billion and will create 130,000 American jobs. India has also started the import of US crude and natural gas worth $4.5 billion every year. Since 2008, the US has bagged more than $18 billion in arms contracts with India. The dialogue takes place this year even as US President Donald Trump has been raising the issue of high tariffs by India; he has even called India "Tariff king". Last month he touted how his call to India had helped bring down tariffs in "two minutes". The dialogue will also take place against the backdrop of reports suggesting the US government is contemplating withdrawal of the Generalised System of Preference (GSP) to Indian exporters. Industry body CII has cautioned against any such action. "GSP boosts the competitiveness of American manufacturers by lowering their costs & approximately two-thirds of U.S. imports under GSP are raw materials, components, or machinery and equipment used by U.S. companies to manufacture goods in the United States for domestic consumption or for export," it said in a statement.

India-US Commercial Dialogue: US Commerce Secretary Wilbur Ross not coming, will address talk via videoconference

US and Indian government officials pressed on with talks on Thursday to resolve their differences over trade and investment, Indian government sources said, even though <a href="http://www.wionews.com/business-economy/india-us-commercial-dialogue-us-commerce-secretary-wilbur-ross-not-coming-197245">US Commerce Secretary Wilbur Ross called off his visit because of bad weather</a> at home.

Ross addressed a US-India CEO Forum by video after his flight was cancelled and was due to similarly join the commercial dialogue later in the day with Indian Commerce Minister Suresh Prabhu, the sources said.

US ambassador to India Kenneth Juster is leading the delegation on the ground.

India and the United States are sparring over a range of issues, from India's new rules on e-ecommerce that affect firms such as Amazon and Walmart to data localisation and its tariffs that US President Donald Trump says are exceptionally high.

Washington has also had a longstanding grievance with India over its large trade deficit with the United States and what it sees as the Indian government's lax intellectual property enforcement.

A US trade delegation led by United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin began high-level talks with Chinese counterparts on Thursday to de-escalate a tariff war ahead of a March 1 deadline for a deal.

New Delhi defends the measures on e-commerce as a way to protect the interests of small businesses and says it has been cutting tariffs gradually to give local industry a level playing field and create jobs for a very large youth population.

Details of the discussions held on Thurdsay were not immediately available and officials said the two sides were likely to issue a joint statement later on Thursday.

The sources also said that trade negotiations would be conducted by the United States Trade Representative (USTR) and not by the Commerce Department, which is focused on boosting investment, improving the business climate and some specific areas such as travel and tourism.

Still, the two sides are expected to touch on the thorny issues that have cropped up in recent months and pledge efforts to address them. "It will be a friendly discussion, they would avoid the risk of disappointment," said a source with knowledge of the matter.

The meeting comes at a time when the USTR is reviewing India's eligibility as a beneficiary of its Generalised System of Preferences (GSP) under which the country has enjoyed zero tariffs for about 2,000 goods exported to the United States that are worth $5.6 billion.

Reuters reported last week that the USTR is considering withdrawal or scaling back of these tariffs because of the lack of reciprocity from India on its tariffs, its tightening curbs on online sales and its insistence that foreign payment card companies, such as Mastercard and Visa, store data in India.

US and Indian government officials pressed on with talks on Thursday to resolve their differences over trade and investment, Indian government sources said, even though US Commerce Secretary Wilbur Ross called off his visit because of bad weather at home.

US and Indian government officials pressed on with talks on Thursday to resolve their differences over trade and investment, Indian government sources said, even though US Commerce Secretary Wilbur Ross called off his visit because of bad weather at home. Ross addressed a US-India CEO Forum by video after his flight was cancelled and was due to similarly join the commercial dialogue later in the day with Indian Commerce Minister Suresh Prabhu, the sources said. US ambassador to India Kenneth Juster is leading the delegation on the ground. India and the United States are sparring over a range of issues, from India's new rules on e-ecommerce that affect firms such as Amazon and Walmart to data localisation and its tariffs that US President Donald Trump says are exceptionally high. Washington has also had a longstanding grievance with India over its large trade deficit with the United States and what it sees as the Indian government's lax intellectual property enforcement. A US trade delegation led by United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin began high-level talks with Chinese counterparts on Thursday to de-escalate a tariff war ahead of a March 1 deadline for a deal. New Delhi defends the measures on e-commerce as a way to protect the interests of small businesses and says it has been cutting tariffs gradually to give local industry a level playing field and create jobs for a very large youth population. Details of the discussions held on Thurdsay were not immediately available and officials said the two sides were likely to issue a joint statement later on Thursday. The sources also said that trade negotiations would be conducted by the United States Trade Representative (USTR) and not by the Commerce Department, which is focused on boosting investment, improving the business climate and some specific areas such as travel and tourism. Still, the two sides are expected to touch on the thorny issues that have cropped up in recent months and pledge efforts to address them. "It will be a friendly discussion, they would avoid the risk of disappointment," said a source with knowledge of the matter. The meeting comes at a time when the USTR is reviewing India's eligibility as a beneficiary of its Generalised System of Preferences (GSP) under which the country has enjoyed zero tariffs for about 2,000 goods exported to the United States that are worth $5.6 billion. Reuters reported last week that the USTR is considering withdrawal or scaling back of these tariffs because of the lack of reciprocity from India on its tariffs, its tightening curbs on online sales and its insistence that foreign payment card companies, such as Mastercard and Visa, store data in India.

US and India hold talks to calm trade tensions

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'Confluence of best business minds of India, France': PM Modi at CEOs Forum in Paris

India-US Commercial Dialogue: US Commerce Secretary Wilbur Ross not coming, will address talk via videoconference

US and India hold talks to calm trade tensions