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Over 100 American firms visiting India to explore business opportunities

OVER 100 American firms are visiting India as part of the US government’s annual trade mission programme, Trade Winds, which started in New Delhi today (6).

The delegation of the representatives of the US businesses would be visiting Indian cities including, Ahmedabad, Chennai, Kolkata, Mumbai, Bengaluru, and Hyderabad besides the country’s capital city- Delhi.


The delegation would also meet government leaders, market experts, and pre-vetted potential business partners during its eight-day long visit to India.

US secretary of commerce Wilbur Ross said: "Our goal at the US Department of Commerce is to use every available resource to ensure fair and reciprocal trade for US businesses selling their products and services all over the world."

The US Department of Commerce is hosting the 11th Trade Winds Business Forum and Mission from May 6 to 13 in India.

Bilateral trade between India and the US registered a growth of 12.6 per cent from $126 billion in 2017 to $142bn in 2018.

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India imposes airfare caps as IndiGo crisis cancels 385 flights

Highlights

  • Airline admits inadequate planning for new pilot duty regulations.
  • Maximum fares now set at $83 for short routes, $167 for medium distances.
  • Safety concerns raised over regulatory exemptions granted to IndiGo.

The Indian government imposed airfare caps on Saturday following widespread travel chaos caused by IndiGo's cancellation of 385 flights in a single day, leaving hundreds of passengers stranded at Bengaluru and Mumbai airports.

India's dominant carrier, which controls over 60 per cent of the domestic market, has grounded thousands of flights this week after acknowledging it failed to prepare adequately for new pilot duty regulations that came into force on November (1).

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