US Aircraft Imports to Boost Tourism, Lower Airfares: Piyush Goyal

• Commerce Minister Piyush Goyal expects India to import USD 100 billion worth of aircraft, engines, and spare parts from the US.
• These imports are anticipated to enhance tourism, improve mobility, and reduce airfares across India.
• India intends to purchase USD 500 billion of US products, including aircraft, energy, and technology, over the next five years.
• The country also aims to import USD 30 billion of coking coal from the US to support its steel production target of 300 million tonnes.
• Goyal highlighted that trade pacts with the EU and US open up a massive market, benefiting India's competitive edge.