New Delhi: Trade Minister Piyush Goyal said on Thursday that the close partnership between India and the United States is central to a free, open, inclusive and prosperous Indo-Pacific region. Addressing the 46th Annual General Meeting of the US-India Business Council (USIPC) and the India Ideas Summit, he said, “The world now sees India as a reliable and trustworthy partner and a driving force in the world economy.”
He praised USIPC for building strong US-US business relations over the past 46 years.
Mr. Goyal said, “The Indo-US relationship has grown into a global strategic partnership based on our integration into bilateral, regional and global issues, and Prime Minister Narendra Modi and US President Joe Biden have been active in strengthening our relations.”
The minister noted that the first private meeting with President Biden was “very fruitful” when Prime Minister Modi visited the United States for the Quad Leaders Summit last month.
Mr Goyal said the Govt-19 epidemic distribution chains demonstrate that trust should be based not only on cost but also on trust.
Concerned about the growing lack of confidence in the post-Govt world, he called for a flexible Indo-US relationship. Mr Goyal said India was currently negotiating FTAs (free trade agreements) with countries such as Australia, the UAE, the EU and the UK, and that the country was focusing on strengthening 24 sectors with competitive and comparative margins.
Mr Goyal noted that India is now the third largest startup ecosystem in the world.
He said that India has progressed from “Make in India” to “Make in India” and is strengthening the domestic industry to provide quality with cost-competitiveness.
He described the United States as “India’s natural ally” and said that with a shared vision the two countries could become true partners.