Suresh Prabhu, minister of Commerce & Industry and Civil Aviation, spoke to CNBC-TV18 about India's relations with the US and how the two countries plan to promote strategic interest of each other in the region globally.
"India is very proud of its (trade) relationship with US," Prabhu said on the sidelines of the US-India Business Council summit on Thursday.
"US is a country where we have trade surplus and have trade with the country on merchandise as well as services and have large number of people working there. So we have a very different kind of relationship with US."
“We consider therefore that any issue with US we can resolve by talking to each other and that is what we are doing," said Prabhu.
With regards to the strategic ties between the two nations, Prabhu said, "We feel US and India can work together to promote strategic interest of each other in the region globally because strategic ties depend on how you view the world."
“We have very close relationship with US companies in defence and peripheral issues related to that and so we would like to promote it.”
"Prime Minister had said that he would like India to be producer of defence equipment and also exporter of those over a period of time. So by doing this, it is offering immense opportunities to the US defence companies to manufacture in India".
With regards to the oil imports from Iran, Prabhu said, "We are working with US and all friends in the world and India is sure that every country in the world understands India’s position because whatever we said, we said it honestly."
First Published: IST