India-US ties made "unparalleled progress" in last few years: Indian Ambassador to the United States

India has a close strategic partnership with US and bilateral ties have me an "unparalleled progress" in last few years with collaboration in areas like counter-terrorism, defense and energy, India's envoy to Washington has said. 

Indian Ambassor to United States Harsh Vardhan Shringla recently visited Texas, one of largest American states with a GDP of USD 1.6 trillion. state has a significant concentration of Indian-Americans. Texas is an important state as 10 percent of total India- US tre is from oil-rich Texas.  

He said that India is set to emerge as a USD 5 trillion ecomy in next five years and USD 10 trillion ecomy in next 10 years.

India's success relies on ensuring that re are a greater interest and involvement of American industries and businesses in country, he said.

"We have close strategic partnership, close synergy on issues of security, counter terrorism, defence, but underpinnings of relationship are based on business and that's where you come in," he said.

dressing representatives from major Indian companies and local media in Texas, Shringla said that progress me by India and US in last few years has been unparalleled. 

" energy sector is an important area where we have increased our collaboration and also increased our off take from US," he said.

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"We have placed orders for nearly 300 civilian aircraft amounting to USD 39 billion," he said. 

"Also, India has introduced new items such as poultry to list of imports from US. Defence is a new equation. Fifteen years ago, India h defence ties (with US) and today we are importing defence equipments worth USD 18 billion."  

"What amazes me is that in last few years, amount of progress that our relationship has me is unparalleled in many senses," Shringla said.

He said that United States is India's largest tring partner. 

"We are looking at techlogy at different levels that will help us leapfrog processes in India like NITI Aayog. India's USD 1.5 trillion infrastructure development would need foreign direct investments. National Investment and Infrastructure Fund (NIIF) is getting support from Japan, UAE, Saudi Arabia and Singapore," Shringla said.

He said India is set to emerge as a USD 5 trillion ecomy in next five years and USD 10 trillion ecomy in next 10 years. Kwing it to be an ambitious target, Shringla said India needs investment.

"Our success really lies in ensuring that re is a greater interest and involvement of US industries and businesses in India in line with our own priorities in terms of development of India," Shringla said. 

Bilateral tre between India and US has reached USD 142 billion last year. "We are buying more American goods consciously. This year we want to take it up to USD 5.5 billion."     

Shringla's visit to Texas is a part of his touring schedule for last four months, visit various Indian Consulates in US and meeting with representatives of US companies that are investing in India.   

"In last five years it (India) has emerged from being 11th largest world ecomy to seventh largest. And this year, it will become fifth largest ecomy of world. 

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"We are trying to become fifth largest this year. India is fastest growing ecomy contributing to 17 per cent of global growth, especially at time when world seems to heing towards eir stagnation or recession," he pointed out.

"We would like to see Indian companies t only come toger to pool and synergise ir requirements substantively but also look at yourselves as a brand." 

"In general terms, ecomic and commercial aspects of our partnership are perhaps most import element in IndiaUS relationship. Of course, relationship has attained tremendous momentum because of initiative of leership, he said refereeing to close contact between two leers Prime Minister Narendra Modi and President Donald Trump. 

Shringla said US was a major partner in India's efforts to develop its ecomy