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The rifles, being used by US forces as well as several other European countries, are being bought under the fast-track procurement procedure.
Shringla noted that the India-US trade relationship is a two-way relationship and it is not that investments are one way.
Top companies from the Silicon Valley like Google and corporate bodies such as US Chambers of Commerce are backing the legislations.
Espinosa underscored that given India's large population, its actions and success on issues such as climate change and poverty eradication is "extremely important."
A statement released by the Ministry of External Affairs, however, did not mention the trade deficit, Afghanistan or the Indo-Pacific.
Bilateral trade grew to USD 126 billion last year, and, parallel with the launch of the Strategic Energy Partnership, US-sourced oil and liquefied natural gas landed on Indian shores.
While import duty on walnut is to be hiked to 120 per cent from 30 per cent at present, duty on chickpeas, Bengal gram (chana) and masur dal will be raised to 70 per cent, from 30 per cent currently.
In a farewell reception to retiring Indian Ambassador to US Navtej Singh Sarna, a top US Secretary of State for South and Central Asia official spoke on the positive relations betwen India and USA.
Outgoing Indian Ambassador to US, Navtej Singh Sarna speaks on how the Indo-US relations which declined post the 1998 nuclear tests improved with bilateral ties.
India had approached Geneva-based WTO for setting up of the dispute panel as both the countries failed to resolve the issue in a bilateral consultation process.
US Defence Secretary Mattis welcomed Sitharaman to the Pentagon on Monday for the fourth set of talks the two defense leaders have held this year.
Mattis was responding to a question from reporters about the letter written by the President Donald Trump to Pakistan Prime Minister Imran Khan.
Sitharaman, the first woman defence minister of India, is currently on a five-day maiden trip to the US.
In his address to the Ronald Reagan Presidential Foundation and Institute on Saturday, Mattis also said that the US seeks a constructive, results-oriented relationship with Beijing.
As per the information obtained by the NAPA from Department of Homeland Security, 2,306 Indian nationals applied for asylum in the year 2014.