US Secretary of State Mike Pompeo said at the India Ideas Summit that the US invited PM Modi to the next G7 summit, where we will advance the international prosperity mechanism. He said, ‘We are the oldest and most prosperous democracy in the world and it is important that democracies like us work together. India is America’s emerging defense partner in the Indo-Pacific.
Earlier, External Affairs Minister S. Jayashankar said that India and America need to work on trade issues as well as think big. He also said that he thinks America really needs to learn to work with a multi-polar world with a multilateral system in the world. In the last two generations, he has to go beyond who he has grown with. He said that there is a bond between the two countries around talent, which is very important for our economy, technology, and innovation. In this global knowledge world, we need to be more flexible.
Jaishankar said, ‘We (India-US) have the ability to work together to shape the world. We are working on maritime security, counter-terrorism, connectivity, coronavirus, climate change. I think a large part of this is how we shape the larger agenda by strengthening the bilateral agenda. ‘
LIVE India Ideas Summit Updates
PM Modi will deliver keynote speech
Prime Minister Narendra Modi will deliver the keynote address at the India Ideas Summit today. The event will discuss Indo-US cooperation and their relationship in the world after the epidemic. The virtual summit is being hosted by the US-India Business Council. This year marks the 45th anniversary of the formation of the Council. The theme of the summit this year is ‘Building a better future’. This was informed in a statement released by the Prime Minister’s Office.
We collaborated tremendously with India – Kenneth Juster
US Ambassador to India Kenneth Juster said that India has provided medicines to more than 100 countries around the world. We have had tremendous cooperation with India and after the President’s visit we have seen President Trump and PM Modi
Have seen many interactions between We have indeed transformed a strategic partnership into a comprehensive global strategic partnership, and as the PM recently said, this may be the most important relationship of the 21st century. ‘
This is an opportunity time for India-US partnership- Nisha Biswal
USIBC chairperson Nisha Biswal said that the coronavirus has impacted our international institutions and has tested traditional alliances, but the crisis brings clarity. It is a time of opportunity for India-US partnership.
Signs of improvement are visible in the economy – Sitharaman
Addressing the Summit of the US-India Business Council on Tuesday, Finance Minister Nirmala Sitharaman said that the signs of improvement in the economy are beginning to appear. The agricultural sector has emerged as the carrier of this development. The government is ready to take necessary steps on the policy front to speed up economic development even further. The Finance Minister said that consumption of electricity and fuel, movement of goods and retail transactions within states and from one state to another are increasing. All these are signs of a boom in the economy. Prime Minister Narendra Modi has also said that green shoots are seen in the economy.
Industry confident of further cooperation from the government – Sitharaman
Sitharaman said that the government has announced a relief package equivalent to 10 percent of GDP and its impact on the economic situation is beginning to show. Green shoots seen in the economy are the result of this. Assuring the industry to take necessary steps to speed up the economy, the Finance Minister said that all options are open. In view of the response of the industry to improve the situation, the government will also intervene further.
Foreign companies can buy land in India through the GIS system- Piyush Goyal
Commerce and Industry Minister Piyush Goyal has said that the Geographic Information System (GIS) based land purchase system will be introduced in India to attract foreign companies. Addressing the India Ideas Summit of the US India Business Council, he said that land will be identified with GIS-based tools to set up the industry. The GIS system will have the facility of Google Earth view so that a person sitting abroad will be able to locate and buy land in India. Goyal also insisted on small business agreements between India and the US