Economic ties central to India-US strategic partnership: Blinken

Washington. US Secretary of State Antony Blinken said ahead of Indian Prime Minister Narendra Modi’s visit to the US that the economic relationship is central to the India-US strategic partnership and both countries are helping to shape the innovations of the future and the rules that govern them. . President Joe Biden and First Lady Jill Biden have officially invited Prime Minister Modi. A state dinner will also be given in Modi’s honor on June 22. Addressing the annual ‘India Summit of the America India Business Council (USIBC) here on Monday, Blinken said, “Our economic relationship is at the heart of our strategic relationship.”

These relations are getting stronger day by day under the leadership of President Joe Biden and Prime Minister of India Narendra Modi and private sector stalwarts like you. dollar and with this America became India’s largest trading partner. American companies have invested at least $54 billion in India, from manufacturing to telecommunications. He said Indian companies in the US have invested more than $40 billion in information technology, pharmaceuticals and other sectors, supporting 4,25,000 jobs from California to Georgia.

The External Affairs Minister said in February, Air India announced the purchase of over 200 Boeing aircraft, which would support an estimated one million jobs across 44 states. He said, “We are here ahead of the historic visit of Prime Minister Modi, which will further strengthen the relationship that President Biden has described as the key relationship of the 21st century.” commitment to building more resilient supply chains, taking advantage of clean energy opportunities and tackling corruption. “From artificial intelligence to quantum computing, together we will shape the future,” the External Affairs Minister said. Helping to shape innovations and the rules that govern them.

He also said that in the month of January USIBC had started ‘Roundtable’ where governments of both the countries started a new initiative on important and emerging technology. “We are growing and expanding strategic technology partnerships between governments, businesses and academic institutions in the US and India,” he said, adding that “the US The International Development Finance Corporation has given $500 million to a major American company. This project will power nearly three crore bulbs in homes, schools and businesses in India, creating more than a thousand job opportunities for Indians and Americans. Prime Minister Modi on the invitation of President Joe Biden and First Lady Jill Biden Months will make a state visit to the US. His four-day visit will begin on June 21.

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