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New Era in Indo-US Trade: Modi-Trump Deal Opens Global Markets for India

Maharashtra Chief Minister Devendra Fadnavis hailed a new era in Indo-US friendship following a historic trade agreement. The deal grants India a preferential tariff rate from the US, promising wider global market access for Indian products. State ministers emphasized the boost for MSMEs, startups, and job creation, alongside incoming investments in frontier technologies for Maharashtra. The agreement is widely framed as a milestone reflecting the strong partnership between Prime Minister Narendra Modi and US President Donald Trump.

Key Points: India-US Trade Deal: New Era for Exports & Investment

  • Preferential US tariffs for Indian exports
  • Boost for MSMEs and 'Make in India'
  • New investments in AI and data centers for Maharashtra
  • Strengthened strategic partnership under Modi and Trump
3 min read

'A new era in Indo-US friendship': CM Fadnavis on 'historic' trade deal between two nations

Historic trade agreement between India and US promises preferential tariffs, boosts for MSMEs, and investments in AI and tech for Maharashtra.

"A New Chapter of Friendship! The historic trade agreement between India and the USA is a true victory for the friendship - Devendra Fadnavis"

Mumbai, Feb 3

Maharashtra Chief Minister Devendra Fadnavis on Tuesday said that the trade deal between India and the US marks the beginning of a new era in the friendship between the two countries.

In a post on X, the Chief Minister said, "A New Chapter of Friendship! The historic trade agreement between India and the USA is a true victory for the friendship between Hon PM Narendra Modi ji and US President Donald Trump. This is a momentous occasion for global trade. Among the world's major exporting economies, India now enjoys a preferential tariff rate from the US. This marks the beginning of a new era in Indo-US friendship. This deal truly opens exciting possibilities for Indian businesses and will be beneficial for both nations. Maharashtra has always been a leader in exports, and now this deal will open new horizons for our business. Reciprocally, Maharashtra will receive investments in Data centers, AI and frontier technologies."

He further stated, "A big day for Made in India! Our products will now reach wider global markets, creating new possibilities for young entrepreneurs, farmers, and MSMEs. This progress reflects the decisive leadership of Hon PM @narendramodi Ji, who has positioned India firmly on the global growth map. Stronger India-US ties will only amplify this momentum for the world."

State Revenue Minister Chandrashekhar Bawankule said, "The agreement on priority-based tariff rates between Honourable Prime Minister @narendramodi ji and U.S. President Donald Trump marks another significant milestone in the India-U.S. friendship. Rooted in mutual trust, respect, and strategic partnership, this bond between the two nations is now empowering India's industrial sector with fresh momentum."

He added, "This deal will provide Indian products with greater competitive access to the American market, delivering a major boost to MSMEs, startups, manufacturing, exports, and job creation. It opens new global doors for the visions of 'Make in India' and 'Aatmanirbhar Bharat'. The agreement symbolises India's emergence as a reliable global trade partner."

"Under the visionary leadership of Prime Minister Modi ji-characterised by far-sighted vision, resolute decision-making, and unwavering commitment to national interest-India is advancing with even greater strength in the global economy. Our products will now reach wider global markets, creating new possibilities for young entrepreneurs, farmers, and MSMEs," stated Bawankule.

Calling it a defining milestone in global trade, Mumbai BJP president Ameet Satam said, "The historic India-US trade agreement is a testament to the strong bond between Hon. PM Narendramodi ji and President Donald Trump. By securing a preferential tariff rate among major exporters, India enters a new era of global economic influence. This deal unlocks incredible potential for Indian businesses and promises mutual growth. As a leader in exports, Maharashtra is set to reach new heights, welcoming transformative investments in AI, Data Centers, and frontier technologies," he said.

- IANS

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Reader Comments

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Priya S
Good step, but let's not get carried away by just announcements. We need to see the fine print of the deal. What concessions did we give in return? The focus on AI and data centers for Maharashtra is promising though. Need to ensure our workforce is ready for these tech investments.
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Rohit P
Jai Maharashtra! 🚀 As someone from Pune working in exports, this is the boost we needed. Easier access to the American market can be a game-changer for our manufacturing units. Hope the state government provides the right infrastructure support to capitalize on this.
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Sarah B
As an American working in Bangalore, I see this as a win-win. Stronger economic ties foster better cultural and technological exchange. Indian innovation combined with US market access can solve some big global challenges. Exciting times ahead for both nations!
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Karthik V
While the deal is positive, the article reads like a political press release. It's all praise for the leadership, but where are the concrete details? How many jobs will it create? What sectors exactly will benefit? We need more substance, less symbolism.
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Nisha Z
This is great for Aatmanirbhar Bharat! If our products become more competitive in the US, it will reduce our trade deficit. My only request: please ensure the benefits reach all states, not just Maharashtra. Balanced regional development is key.

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