Mumbai, Sep 20 (PTI) Union minister Nitin Gadkari Friday said the country needs to apply the best practices of its trade partners like the US to become one of the most powerful economies in the world.

"We are aspiring to become one of the most powerful economies. We have the potential and we are one of the fastest growing economies. Over the years, we've understood that innovation, entrepreneurship, science, technology and skills are the knowledge areas that need to be converted into wealth," he said at an Indo-American Chamber event.

"Prime Minister Narendra Modi is going to the US tonight and I am confident that our ties will become stronger with the visit," Gadkari added.

Speaking at the event, US consul general David J Ranz said both the countries should focus on key areas of priorities like clean energy, ecommerce, smart cities and defence to achieve USD 500-billion bilateral trade target.

"Economic ties between the two countries have come a long way since the past two decades and the bilateral trade with India has doubled over the past decade from USD 57.9 billion in 2007 to USD142 billion last year," he added. PTI PSK BEN BEN 09202200 NNNNthe opportunity to interact with Glenn who has a wealth of knowledge about bowling and can certainly assist them to expand their skills," Manou said.

Squad: Tom Andrews (SA), Oliver Davies (NSW), Dan Fallins (NSW), Jake Fraser-McGurk (Vic), Cameron Green (WA), Ryan Hadley (NSW), Aaron Hardie (WA), Lachlan Hearne (NSW), Josh Inglis (WA), Ben McDermott (Tas), Jonathon Merlo (Vic), Todd Murphy (Vic), Josh Philippe (WA), Lloyd Pope (SA)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)