NEW DELHI: America sees India as a depended on generation spouse, and it needs to deepen this technological dating between the 2 nations, US Secretary of Commerce Gina Raimondo mentioned on friday.
The Indian executive has taken a number of steps within the closing couple of years, which makes India an much more sexy position to do trade, she added.
Steps like selling the virtual economic system and 0 tolerance for corruption make India a extra sexy spouse, Raimondo advised newshounds right here.
She was once addressing a joint media briefing with Commerce and Industry Minister Piyush Goyal after concluding the 5th India–USA Commercial Dialogue, which was once held after an opening of 3 years.
“We see India as a trusted technology partner, and we want to continue to deepen our technological relationship with India… We hope to work more closely with India and the private sector here around those technologies,” she mentioned.
Besides semiconductors, she mentioned spaces, the place each nations can building up cooperation, come with inexperienced generation and a wide variety of {hardware} within the electronics provide chain.
As Indo-Pacific Economic Framework (IPEF) participants are shifting against finalizing the framework, it might be an incentive for US firms to search for extra trade in India, she added.
The IPEF was once introduced by way of the United States and different spouse nations of the Indo-Pacific area on May 23 closing yr in Tokyo. The 14 IPEF companions constitute 40 p.c of the worldwide GDP and 28 p.c of world items and products and services industry.
The framework is structured round 4 pillars with regards to industry, provide chains, blank economic system and truthful economic system (problems like tax and anti-corruption). India has opted out of the industry pillar and determined to sign up for the remainder 3 topics pertaining to provide chains, blank economic system and truthful economic system.
When requested about her assembly with National Security Advisor (NSA) Ajit Doval, Raimondo mentioned: “We spoke generally about how we could work together to bolster our mutual national security”.
They additionally had a dialogue about device generation to offer for dealer diversification of their networks.
“We did speak about how important it is to have trusted vendors in the network and the opportunity to work with others to achieve that goal,” she added.
About US funding in India, she mentioned: “We are making a number of announcements on behalf of US companies making sizeable investments in India”.
India would building up the “drumbeat” of the ones bulletins, she mentioned, including for this reason such a lot of CEOs from the United States have come in this discuss with.
The Indian executive has taken a number of steps within the closing couple of years, which makes India an much more sexy position to do trade, she added.
Steps like selling the virtual economic system and 0 tolerance for corruption make India a extra sexy spouse, Raimondo advised newshounds right here.
She was once addressing a joint media briefing with Commerce and Industry Minister Piyush Goyal after concluding the 5th India–USA Commercial Dialogue, which was once held after an opening of 3 years.
“We see India as a trusted technology partner, and we want to continue to deepen our technological relationship with India… We hope to work more closely with India and the private sector here around those technologies,” she mentioned.
Besides semiconductors, she mentioned spaces, the place each nations can building up cooperation, come with inexperienced generation and a wide variety of {hardware} within the electronics provide chain.
As Indo-Pacific Economic Framework (IPEF) participants are shifting against finalizing the framework, it might be an incentive for US firms to search for extra trade in India, she added.
The IPEF was once introduced by way of the United States and different spouse nations of the Indo-Pacific area on May 23 closing yr in Tokyo. The 14 IPEF companions constitute 40 p.c of the worldwide GDP and 28 p.c of world items and products and services industry.
The framework is structured round 4 pillars with regards to industry, provide chains, blank economic system and truthful economic system (problems like tax and anti-corruption). India has opted out of the industry pillar and determined to sign up for the remainder 3 topics pertaining to provide chains, blank economic system and truthful economic system.
When requested about her assembly with National Security Advisor (NSA) Ajit Doval, Raimondo mentioned: “We spoke generally about how we could work together to bolster our mutual national security”.
They additionally had a dialogue about device generation to offer for dealer diversification of their networks.
“We did speak about how important it is to have trusted vendors in the network and the opportunity to work with others to achieve that goal,” she added.
About US funding in India, she mentioned: “We are making a number of announcements on behalf of US companies making sizeable investments in India”.
India would building up the “drumbeat” of the ones bulletins, she mentioned, including for this reason such a lot of CEOs from the United States have come in this discuss with.