Prime Minister Narendra Modi interacts with dignitaries after addressing the joint session of the U. S. Congress, on the U. S. Capitol Hill in Washington DC, USA. File
| Photo Credit: ANI
Prime Minister Narendra Modi’s U. S. visit will increase bilateral ties and deepen strategic expertise collaboration in areas like defence, semiconductor, area and synthetic intelligence, India Inc. mentioned on June 24.
PM Modi left for Egypt on Saturday 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,” Banerjee acknowledged.
He noticed that the visit can also be vital as we see new areas the place trade on each side would profit considerably from the outcomes.
“This also creates an enabling environment for the private sectors on both sides to 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,” Banerjee mentioned.
Another trade physique Assocham mentioned the Prime Minister’s visit has taken India-US strategic and industrial relations to larger 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 said.
He observed that while Modi demonstrated India’s soft power as he participated in the International Yoga Day at the UN headquarters in New York, the Prime Minister’s personal chemistry with President Biden at the White House demonstrated shared cultural values of the two 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 mentioned.
He added that the ‘Make In India’ initiative has began yielding dividends in electronics and within the 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.