Prime Minister Narendra Modi addresses a gathering in Washington DC
| Photo Credit: ANI
Prime Minister Narendra Modi’s U.S. visit will enhance bilateral ties and deepen strategic expertise collaboration in areas like defence, semiconductor, area and synthetic intelligence, India Inc stated on June 24.
PM Modi left for Egypt on June 24 after concluding his U.S. state visit, throughout which he held talks with President Joe Biden and addressed the joint session of Congress.
CII Director General Chandrajit Banerjee acknowledged that the visit has culminated in laying a powerful basis for additional strengthening the Indo-US relationship.
“A new chapter has been added to the partnership that will see a much stronger collaboration in strategic technology collaboration, including defence, semiconductor, and space and in emerging technology sectors like AI and quantum, advanced materials, biotechnology, and telecommunications,” Mr. Banerjee acknowledged.
He noticed that the visit can be vital as we see new areas the place trade on either side would profit considerably from the outcomes.
“This also creates an enabling environment for the private sectors on both sides flourish in the spirit of true partnerships. This visit is especially significant, as it would help create greater play of manufacturing in India, FDI flows and naturally, more employment,” Mr. Banerjee stated.
Another trade physique Assocham stated the Prime Minister’s visit has taken India-US strategic and business relations to higher heights, paving the way in which for immense alternatives for bilateral engagement.
“’Prime Minister’s visit is being viewed as a turning point in Indo-US relations in a fast-changing world order which would see both the countries emerge as the most influential economies with strategic prowess in the unfolding international political economy,”‘ Assocham Secretary General Deepak Sood stated.
He noticed that whereas Mr. Modi demonstrated India’s tender energy as he participated within the International Yoga Day on the UN headquarters in New York, the Prime Minister’s private chemistry with President Biden on the White House demonstrated shared cultural values of the 2 largest democracies of the world.
“In his inspirational address to the joint sitting of the US Congress, Modi conveyed to the world substantive all-round progress India has made in the most critical areas for our country and the world,” Mr. Sood stated.
He added that the Make In India initiative has began yielding dividends in electronics and strategic area of defence manufacturing, as is obvious within the deal between GE Electric and Hindustan Aeronautics for manufacture of fighter jet engines in India.
