Piyush Goyal meets 50+ global leaders at New York roundtable on India-US trade
Synopsis
Commerce Minister Piyush Goyal's New York roundtable with 50+ global business leaders — hosted by the Indian Consulate and USISPF — caps a week that also included a three-day Canada visit targeting a $50 billion bilateral trade goal by 2030 and Boeing-level corporate engagement. India's economic diplomacy is running at full throttle.
Key Takeaways
Piyush Goyal engaged with more than 50 global business leaders at a roundtable in New York on 29 May 2025 .
The event was co-hosted by the Consulate General of India, New York and the US-India Strategic Partnership Forum (USISPF) .
Discussions covered India-US trade, investment, innovation, and supply chain partnerships .
Earlier in the week, Goyal visited Ottawa and Toronto to advance India-Canada CEPA negotiations and push bilateral trade toward a $50 billion by 2030 target, up from the current $8.5 billion .
Goyal also met a Boeing delegation led by Jeff Shockey , Executive Vice President, in May as part of broader corporate outreach.
Union Minister of Commerce and Industry Piyush Goyal engaged with more than 50 global business and industry leaders at a high-level roundtable in New York on Friday, 29 May, as part of India's intensifying economic diplomacy push. The event was hosted by the Consulate General of India in New York in collaboration with the US-India Strategic Partnership Forum (USISPF).
Key Discussions at the Roundtable
According to the minister, talks centred on deepening India-US trade, investment, innovation, and supply chain partnerships for shared prosperity. Goyal highlighted India's growth trajectory, reform-driven business environment, and expanding investor opportunities under Prime Minister Narendra Modi's leadership. The minister shared details of the engagement on social media platform X.
Context: A Week of Intensive Trade Diplomacy
The New York roundtable follows a packed international schedule for Goyal. Earlier in the week, the minister completed a three-day visit to Canada — covering Ottawa on 25 May and Toronto from 26 to 28 May — focused on strengthening bilateral trade and accelerating negotiations for the India-Canada Comprehensive Economic Partnership Agreement (CEPA). During the Toronto leg, he engaged with academia, innovation hubs, government officials, business councils, institutional investors, and the Indian diaspora.
On the India-Canada trade front, Goyal noted that bilateral trade currently stands at approximately $8.5 billion, with both governments committed to an ambitious target of scaling it to $50 billion by 2030.
Boeing Delegation and Broader Outreach
Also in May, Goyal held deliberations with a delegation led by Jeff Shockey, Executive Vice President, Government Operations, Global Public Policy and Corporate Strategy at Boeing. The meeting was part of a wider effort to engage major global corporations on India's manufacturing and supply chain potential.
Why This Matters
The back-to-back engagements — spanning the United States and Canada — reflect India's sustained push to position itself as a preferred destination for global investment and a reliable supply chain partner. This comes amid broader geopolitical realignments and growing Western interest in diversifying away from China-centric production networks. Notably, the USISPF roundtable signals continued momentum in India-US strategic economic ties, even as both nations navigate ongoing bilateral trade negotiations. The next steps in the CEPA talks with Canada and any formal outcomes from the New York roundtable are expected to shape India's trade agenda in the months ahead.
Point of View
Targeting Western capital at a moment when supply chain diversification is a boardroom priority. What is less clear is whether these engagements are translating into binding commitments or remaining at the level of intent. The India-Canada CEPA, for instance, has been in negotiation for years, and the $50 billion trade target by 2030 requires a near-sixfold jump from current levels — an ambitious ask with limited runway. The real test of this diplomatic intensity will be in the specifics: investment pledges with timelines, CEPA chapters closed, and supply chain contracts signed.
NationPress
2 Aug 2026
Frequently Asked Questions
What was the New York roundtable hosted by USISPF about?
The roundtable, held on 29 May 2025 in New York, brought together Commerce Minister Piyush Goyal and more than 50 global business leaders to discuss deepening India-US trade, investment, innovation, and supply chain partnerships. It was co-hosted by the Consulate General of India in New York and the US-India Strategic Partnership Forum (USISPF).
What is the India-Canada CEPA and where do negotiations stand?
The India-Canada Comprehensive Economic Partnership Agreement (CEPA) is a proposed free trade deal aimed at significantly expanding bilateral trade between the two countries. Goyal's three-day Canada visit in late May 2025, covering Ottawa and Toronto, was specifically aimed at accelerating these ongoing negotiations.
What is the India-Canada bilateral trade target?
India and Canada have set a shared target of growing bilateral trade from approximately $8.5 billion currently to $50 billion by 2030. Commerce Minister Piyush Goyal reaffirmed both governments' commitment to this goal during his Canada visit.
Who is Jeff Shockey and why did he meet Piyush Goyal?
Jeff Shockey is the Executive Vice President for Government Operations, Global Public Policy and Corporate Strategy at Boeing. He led a Boeing delegation that held deliberations with Goyal in May 2025, as part of India's broader outreach to major global corporations on manufacturing and supply chain opportunities.
Why is India intensifying economic diplomacy with the US and Canada?
India is seeking to attract global investment and position itself as a key supply chain partner amid growing Western interest in diversifying away from China-centric production networks. High-level ministerial engagements with the US and Canada are part of this sustained strategy.
