Indian Prime Minister Narendra Modi’s recent visit to the United States has resulted in significant developments and potential partnerships in various sectors, paving the way for future growth and collaboration between the two nations. Several prominent figures from India’s business community have expressed optimism about the outcomes of the visit and its potential impact on India’s economy.
PM Modi has visited the US five times since taking the reins of the country in 2014 but his recent visit is his first with the full diplomatic status of a state visit, indicating the strengthening bond between Washington and New Delhi
India was never part of the strategy orbit of US or western countries but now the United States is considering India as a partner in cutting-edge technologies such as 5G, 6G, quantum computing, space exploration, and other high-end tech fields.
Prime Minister Narendra Modi’s US visit will boost bilateral ties and deepen strategic technology collaboration in areas like defence, semiconductors, space and artificial intelligence.
Even Make In India initiative has started yielding dividends in electronics and strategic space of defence manufacturing, as is evident in the deal between GE Electric and Hindustan Aeronautics for the manufacture of fighter jet engines in India.
The India-U.S Comprehensive Global and Strategic Partnership is anchored in a new level of trust and mutual understanding and enriched by the warm bonds of family and friendship that inextricably link both countries together.
Prime Minister Modi’s impressive address to the US Congress and the presence of more than 8,000 Indian Americans on the White House lawns on June 21 is being cherished by the US lawmakers and officials, and not to miss the key deliverable of the bilateral ties reflected in the joint statement issued after the meeting between Modi and President Joe Biden.
The leaders hailed the inauguration of the Initiative on Critical and Emerging Technology (iCET) in January 2023 as a major milestone in India-U.S relations. The leaders recommitted the United States and India to fostering an open, accessible, and secure technology ecosystem, based on mutual confidence and trust that reinforces our shared values and democratic institutions.
Prime Minister Modi and President Biden hailed the signing of a MoU on Semiconductor Supply Chain and Innovation Partnership as a significant step in the coordination of both countries’ semiconductor incentive programs. This will promote commercial opportunities, research, talent, and skill development.
The US-India also committed to develop joint and international collaboration on trustworthy and responsible AI, including generative AI, to advance AI education and workforce initiatives, promote commercial opportunities, and mitigate against discrimination and bias. The United States also supports India’s leadership as Chair of the Global Partnership on AI. The leaders applauded Google’s intent to continue investing through its $10 billion India Digitization Fund, including in early-stage Indian startups. Through its AI Research Center in India, Google is building models to support over 100 Indian languages.
At the heart of the Indo-US strategic partnership is deepening economic engagement and resolve on both sides to elevate the bilateral relationship to a “global strategic partnership”. Concluding the hour-long address amid cheers and chants of Bharat Mata ki Jai, the PM said, “I can sense a mini-India converging here. I thank you all for coming here. I have received unprecedented love and affection during my stay in the US.
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 India and the world.
India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi
The official said that both countries have informed the WTO’s dispute settlement body (DSB) about the resolution of all the pending disputes.
The WTO has already issued a communication with regard to one of the disputes related to the imposition of additional customs duties by India on 28 US products
The United States has also appreciated India’s leadership during its G20 presidency and it will continue the close cooperation with India.
PM Modi’s landmark visit to the US has been very successful with several substantive outcomes.
