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With Kenneth Juster being named the new US Ambassador to India, US businesses are expecting that bilateral commercial ties will grow under his governance, according to a senior office-bearer of a US-India business body.
Juster succeeds Richard Verma, who left after Donald Trump was sworn in as US President in January this year.
Juster has served as the Deputy Assistant to the President for International Economic Affairs under Trump and was also the Secretary of Commerce for Industry and Security under former President George W Bush.
He is expected to take up office towards the end of this month or in the beginning of November.
Stating that most proactive ambassadors know, understand and promote business development as well as good diplomatic dialogue, Monser said that "India and the US will get along better if our commercial relationships are stronger".
He is of the view that there is now an opportunity to balance trade between India and the US.
Combined India-US trade stands at $124 billion but Monser is of the view that "we can realise the potential and go to $500 billion".
"We see a path there that could be shared and benefit India and benefit the US," he said.
On the role of the newly-formed USISPF, he said that that the "old structure" kept businesses from both sides from going to the new business models that are most important.
"So the best thing to do was to start all over again. Start anew, again with very experienced people, people that have solved problems in the US and India for some time," Monser said.
He also appreciated new Indian initiatives like Digital India and Skill India.
(This article has been published in partnership with IANS)
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