| | JUNE 20258Aman Mehta, the third generation of the Mehta family, who founded the Torrent Group, was named Managing Director of the conglomerate's leading Torrent Pharmaceuticals. He is the child of Samir Mehta, the present chairman of Torrent Pharma. Aman was designated as a full-time director on Torrent Pharma's board in August 2022, signalling the start of the third-generation leadership stepping in at the firm.The company is pleased to share that as part of our long-term strategic vision and succession planning, the Board has approved the appointment of Aman Mehta as Managing Director, effective August 1, 2025.This appointment, it said, is aligned with the firm's commitment to building a strong, future-ready leadership team capable of delivering sustainable value to all stakeholders.The company was founded in 1959 by Aman's grandfather, Uttambhai Nathalal Mehta, who was a medical representative with Sandoz. The group was later led by his sons, Samir and Sudhir Mehta. Samir Mehta currently serves as the Chairman of Torrent Pharma, while Sudhir is the Chairman Emeritus.Aman, 33, holds a Bachelor's of Economics from the Boston University and an MBA from Columbia University, New York. He joined the Torrent Group in 2013.He has been Director at Torrent Pharma since August 2022 and heads the India and RoW Business. His key achievement has been the successful integration of the Unichem acquisition, which has created significant value for the company," his profile on the company website says.During his journey with the Group, he has held leadership roles across both power and pharma verticals.Starting with pharmaceuticals, Torrent made a foray into the power sector in 1996 and in gas business in 2018. When founder U N Mehta passed away in 1998, Sudhir, his eldest son, took charge as chairman of Torrent Pharma and Torrent Power. The group has since diversified into adjacencies - hospitals and diagnostics in healthcare and renewables, thermal, pumped hydro storage (PHS), and green hydrogen in energy. TORRENT PHARMACEUTICALS NAMES AMAN MEHTA AS MANAGING DIRECTORIN FOCUSTo examine the possibility of a mutually advantageous trade agreement between the two countries, Union Minister of Commerce and Industry Piyush Goyal met with U.S. Secretary of Commerce Howard Lutnick. Strengthening economic ties and investigating new avenues for cooperation in trade and investment were the main objectives of the summit.The declaration demonstrates both parties' growing resolve to improve their bilateral trade ties and foster economic expansion by working together more.Before July, India and the US are expected to sign the first section of the much-awaited Bilateral Trade Agreement (BTA).India has pushed for concessions on labor-intensive exports including leather and textiles, and officials from both countries have discussed a range of goods trade-related problems. Issues pertaining to the service sector have also been discussed extensively.According to the reports, India continues to safeguard delicate industries, including dairy and agriculture.A complete exemption from the 26 percent tariff applied to specific items is a major demand from India.A major turning point in the economic ties between the largest and fifth-largest economies in the world would be reached by the India-US trade agreement, which would lead to new opportunities for bilateral investment and trade. With bilateral trade worth USD 131.84 billion, the US was India's top trading partner for the fourth year in a row in 20242025. In 20242025, India's goods trade surplus was USD 41.18 billion.In February, President Donald Trump and Prime Minister Narendra Modi met and decided to increase trade and investment to make their countries stronger, their inhabitants more prosperous, their industries more creative, and their supply networks more resilient.They decided to strengthen commerce between the US and India in order to foster development that guarantees equity, national security, and job creation. In order to achieve this, the leaders established the ambitious "Mission 500" goal for bilateral commerce, which calls for more than doubling total bilateral trade to USD 500 billion by 2030. PIYUSH GOYAL MEETS U.S. SECRETARY OF COMMERCE TO DISCUSS TRADE DEALIN FOCUS
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