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Informist, Tuesday, Aug. 18, 2026

MUMBAI – US Ambassador to India Sergio Gor on Tuesday called for predictable taxation and regulatory frameworks to help businesses thrive, while urging Indian companies to increase investments in the US as the two countries seek to deepen economic ties.

"To unleash the full power of this economic engine, we must address friction points together as true partners. We need predictable taxation and regulatory frameworks that allow business to thrive," Gor said at an event organised by the Indo-American Chamber of Commerce in Mumbai.

Gor also called for candid, trust-based engagement on export controls and technology flows, as well as strong intellectual property protections to give businesses confidence to invest, create and scale. The ambassador said India-US bilateral trade in goods and services has risen to more than $240 billion from around $20 billion in just over two decades, and highlighted the shared ambition of reaching $500 billion in bilateral trade by 2030. He said the two countries were increasingly working together across sectors including artificial intelligence, technology, aerospace, defence and energy.

Gor said US companies including Amazon, Microsoft and Google have committed billions of dollars of investments in India, while more than 1,400 members of the Indo-American Chamber of Commerce have already invested in the US or partnered with American companies. He urged Indian businesses considering overseas investments to choose the US for greenfield projects, research and development centres and manufacturing facilities.

"If you're weighing your next overseas investment, choose the United States. Bring your Greenfield project, your R&D center, your manufacturing line to American soil," Gor said, adding that the US embassy was ready to help Indian companies make such investments.

Maharashtra Chief Minister Devendra Fadnavis, speaking at the same event, said the next phase of the India-US relationship should move beyond strategic convergence towards economic execution, with greater focus on co-investment, co-innovation, co-development and co-creation. He said Maharashtra wanted to be at the centre of this next phase by combining American technology and capital with Indian scale, entrepreneurship and talent.

He identified artificial intelligence, semiconductors, cybersecurity, cloud and data infrastructure, advanced manufacturing, medical technology, biotechnology and defence as key areas for India-US cooperation. Fadnavis said the two countries could build joint innovation platforms, facilitate technology transfer, establish global capability centres, develop manufacturing partnerships and create new global supply chains.

On healthcare, he said Maharashtra wanted to become a destination for healthcare innovation by bringing hospitals, pharmaceutical and medtech companies, universities, researchers and investors together. He said the state was developing a 165-acre Medicity next to the new Mumbai airport and that Cleveland Clinic had signed up to become the anchor hospital.

Fadnavis also pitched Maharashtra as a hub for digital infrastructure and advanced manufacturing, saying the state had the industrial base, engineering talent, ports, logistics, financial ecosystem and domestic market required to support sophisticated manufacturing.

He said the objective should be to build supply chains that are not merely "made in India" but are increasingly designed, developed and manufactured jointly by Indian and US companies and taken to global markets.

He also stressed that investments should translate into employment opportunities for young people, particularly in emerging fields such as AI, robotics, advanced manufacturing, cybersecurity, semiconductors and healthcare technology. The chief minister said governments could create policy, infrastructure and an enabling investment environment, but entrepreneurs, scientists, investors, universities and innovators would ultimately drive economic growth.  End

Reported by Kabir Sharma

Edited by Akul Nishant Akhoury

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