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India, US target $500 bn trade

By The Assam Tribune
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WASHINGTON, Oct 1 � Targeting a five-fold jump in Indo-US trade to $500 billion, Prime Minister Narendra Modi and US President Barack Obama today pledged to deepen economic cooperation by setting up a joint programme to boost business investment, reports PTI.

After two days of talks focused on ways to reinvigorate the US-India relationship through economic, energy and security cooperation, the two sides agreed on $1 billion of concessional financial from the US Export-Import Bank for India�s renewable energy development agency.

The two leaders, who met for the first time, agreed on boosting two-way trade to $500 billion from $100 billion. However, no deadline was set for reaching that goal.

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India, US target $500 bn trade

WASHINGTON, Oct 1 � Targeting a five-fold jump in Indo-US trade to $500 billion, Prime Minister Narendra Modi and US President Barack Obama today pledged to deepen economic cooperation by setting up a joint programme to boost business investment, reports PTI.

After two days of talks focused on ways to reinvigorate the US-India relationship through economic, energy and security cooperation, the two sides agreed on $1 billion of concessional financial from the US Export-Import Bank for India�s renewable energy development agency.

The two leaders, who met for the first time, agreed on boosting two-way trade to $500 billion from $100 billion. However, no deadline was set for reaching that goal.

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