WASHINGTON, June 14: Prime Minister Narendra Modi’s State Visit to the US subsequent week shall be a possibility to raise India-US industrial and strategic know-how partnerships, Commerce Secretary Gina Raimondo has mentioned.
Modi shall be welcomed as a State Guest in Washington DC on June 22 by President Joe Biden and First Lady Jill Biden. He will handle a joint session of the US Congress on the identical day. The President and the First Lady will even host Modi at a State Dinner later within the day.
Raimondo, talking on the go to on the annual India Ideas Summit of the US-India Business Council, mentioned, “This will be an opportunity to elevate our governments’ commercial and strategic technology partnerships, including in defence, semiconductor supply chains, clean energy and space.”
An awesome advocate of India-US relationship, Raimondo mentioned she and Union Commerce and Industries Minister Piyush Goyal are targeted on the event and safety of essential and rising know-how.
“Semiconductors are essential to this effort and the MoU (Memorandum of Understanding) that Minister Goyal and I signed in March will bring our two sides closer together as we both respond to the urgent need to create stronger and more secure semiconductor supply chains,” she mentioned.
During the industrial dialogue, the 2 nations additionally introduced a brand new working group that can leverage the 2 international locations’ strong commerce and funding relationship and the shared spirit of entrepreneurship to advertise innovation and develop jobs, particularly in rising applied sciences.
“We’re aiming to lift-up and connect our dynamic innovation ecosystems, address regulatory hurdles to cooperate and further bolster our shared vision of an elevated strategic technology partnership,” Raimondo mentioned.
Observing that the US is working with India as a part of the Indo-Pacific Economic Framework (IPEF), she mentioned it’s the administration’s overarching framework for deepening financial cooperation within the Indo-Pacific.
“Last month, we announced the substantial conclusion of a first-of-its-kind international agreement on supply chains. Through the proposed agreement, the IPEF partners will seek to increase the resilience, diversity, and security of our supply chains through individual and collective actions,” Raimondo mentioned. (PTI)