Top industrialists, including Kumar Mangalam Birla and Harsh Goenka, applaud India-US trade deal

Kumar Mangalam Birla on Modi-Trump trade deal: “Reduced tariffs will strengthen US-India ties”

As US President Donald Trump and Prime Minister Narendra Modi announced a new India-US trade deal, Trump on Monday said the two countries have agreed to lower tariffs on India.

Top Indian industrialists have welcomed the announcement.

US Ambassador Sergio Gor, in an exclusive interview with CNN-News18, described the recently announced India-US trade deal, which cuts India’s tariffs from 50% to 18%, as marking a “new era of India-US relations.” He added that “both US President Donald Trump and Prime Minister Narendra Modi are great leaders.”

Industrialist Kumar Mangalam Birla praised the Prime Minister and US President for the deal, highlighting its potential to strengthen bilateral ties and boost investment opportunities.

Kumar Mangalam Birla, Chairman of the Aditya Birla Group, said, “Applaud Prime Minister Modi and President Trump for today’s trade announcement. The reduced tariffs will help strengthen the strategic and economic ties between our two great countries and provide additional opportunity for investment and collaboration. The Aditya Birla Group is the largest Indian investor in the U.S., and we see this agreement help shape more resilient supply chains, unlock manufacturing opportunities and drive long-term economic competitiveness in both the U.S. and India. We are committed to expanding our presence and investments in the U.S., where we see substantial opportunities for innovation, growth and enduring partnerships.”

The industrialist emphasized that the deal would help create more resilient supply chains, unlock manufacturing opportunities, and foster long-term economic competitiveness for both nations, reflecting the growing strategic and economic partnership between India and the United States.

Harsh Goenka also praised Prime Minister Modi, calling the agreement the “Father of all deals” with the US following the EU agreement.

“First the Mother of all deals with EU, now the Father of all deals with US – great achievement by PM Modi government! Patience pays,” tweeted Harsh Goenka, chairman of RPG Enterprises.