India, US remain engaged for mutually beneficial trade pact: Commerce Ministry

• Commerce Ministry confirms India and US are engaged in discussions for a mutually beneficial bilateral trade agreement.
• Ministry denies media reports suggesting any 'hold-off' in bilateral engagement between the two nations.
• The statement follows the United States Trade Representative (USTR)'s launch of Section 301 trade investigations against 16 economies, including India, on March 11.
• US President Donald Trump previously announced 10% tariffs on all countries for 150 days from February 24.