The minister added that denials rates have not gone up only for Indian companies but for all companies.
Over the next five days, Indian and American soldiers, sailors, marines and airmen will operate together in a simulated 'humanitarian aid and disaster relief' situation
The much-needed progress is believed to have been made during the meeting between Union Commerce and Industry Minister Piyush Goyal and US Trade Representatives Robert Lighthizer in Washington DC
The meeting assumes significance at a time when New Delhi has openly backed a bilateral deal with the US - a significant change in its position
Both the sides would discuss the outstanding bilateral trade issues with a view to arrive at a common ground on a mutually beneficial basis, the official said
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The Harbour Phase is scheduled to commence at Visakhapatnam from November 13 to 16
Next day, the minister will hold high-level industry interaction with business and industry representatives in New York.
Minister also scheduled to meet US medical devices' association
The two countries also re-affirmed their commitment to greater economic cooperation on global economic issues
In June, the US terminated India's designation as a beneficiary developing nation under the key GSP trade programme
There are few takers for this, however, given the abandonment of projects taken up earlier, and their replacement with seven new co-development projects on Thursday
The first of the three "near-term" projects is an "air-launched, small UAS"
The resolve to speed up defence collaboration in critical areas was made at the 9th India-US Defence Technologies and Trade Initiative group meeting
India and Pakistan went to war over the Bangladesh crisis in 1971
Minister bats for 'much larger engagement' like a bilateral trade agreement
India is demanding exemption from high duties imposed by the US on certain steel and aluminium products
In a short period, the US has become one of the top 10 sources of crude oil for India
Goyal told a business conference that he was hoping to meet United States Trade Representative Robert Lighthizer soon
Undersecretary Of Defense For Acquisition And Sustainment Ellen M Lord said the US is committed to strengthen its partnership with India