Print

Prime Minister Modi has built a strong relationship with United States, says World Bank President

World Bank President Ajay Banga heaped praise on Prime Minister Narendra Modi for prioritising on building a strong relationship with the United States both bilaterally and also through the Quad security grouping, adding that it has been his strategy ever since he took office.

Speaking to ANI on the sidelines of the 79th United Nations General Assembly, Banga said the Prime Minister meeting with the CEOs was an effort to ensure that India remains a strong partner in possible manufacturing opportunities, including semiconductors.

Prime Minister Modi concluded his three-day visit to the United States on Tuesday. During his visit, PM Modi attended the sixth Quad Leaders’ Summit. US President Joe Biden hosted PM Modi along with Prime Minister Anthony Albanese of Australia and Prime Minister Kishida Fumio of Japan.

He interacted with the Indian diaspora in New York at the ‘Modi and US’ event, and also addressed the ‘Summit of the Future’ at the United Nations General Assembly.

Prime Minister Modi also interacted with the top tech leaders and CEOs of the US in a roundtable hosted by the Massachusetts Institute of Technology (MIT) School of Engineering in New York on Sunday.

PM Modi assured US business leaders of India’s deep commitment to the protection of intellectual property and to fostering tech innovation during his engagement with the top CEOs from the technology industry at a roundtable in New York.

The roundtable hosted by PM Modi comprised several prominent figures from leading companies, including, Chairman President and CEO of Adobe Shantanu Narayen, Google CEO Sundar Pichai, IBM COE Arvind Krishna, Lisa Su, CEO of AMD, and Jensen Huang of NVIDIA, among others.

During the meeting on the second day of his US visit, the Prime Minister discussed ways to foster greater collaboration between the US and India when it comes to the cutting-edge areas of artificial intelligence, quantum computing, semiconductors, and biotechnology.

As per an official statement by the Prime Minister’s Office, the discussions revolved around the global technology landscape and the impact of innovations on human development and the world economy. The CEOs shared insights into how their companies are leveraging technology for innovation and expressed keen interest in collaborating with India.

PM Modi also emphasised the importance of initiatives such as the India-US Initiative on Critical and Emerging Technologies (iCET) as central to the India-US Comprehensive Global Strategic Partnership. He highlighted that technology cooperation between India and the United States could drive mutual benefits and growth. (ANI)

 

RELATED ARTICLES

12 mins ago | FII

Foreign institutional investors’ holdings in India grew 3.6 times to $783 billion since 2012

The decline in foreign institutional investor (FII) ownership of Indian equities to a 17-year low of 15.1 per cent should not be viewed in isolation, as the absolute value of FII holdings has increased 3.6 times to around $783 billion since 2012, a...

1 hour ago | Asia stocks

Shares seesaw in Asia as earnings loom, oil skids

Stock markets got off to an erratic start on Monday as earnings season loomed, while oil slipped amid confusion over whether Russia would, or could, increase energy exports. While the conflict in the Gulf continued with strikes on shipping and airpo...

1 hour ago | Benchmark indices Sensex and Nifty

Stock markets open higher amid easing oil prices

Benchmark indices Sensex and Nifty climbed in early trade on Monday, extending their previous session's sharp rally, amid easing oil prices. The 30-share BSE Sensex rallied 178 points to 72,627.86 in early trade. The 50-share NSE Nifty climbed 76.20...