PM Modi’s US visit enriched India-US partnership
PM Modi’s US visit enriched India-US partnership
In the midst of her address to the media alongside U.S. Treasury Secretary Janet Yellen, on the sidelines of a G20 meeting at Gandhinagar,Gujarat on Monday July 17, Union Finance Minister Nirmala Sitharaman affirmed that PM Modi’s US visit has enhanced strengthened and energized the partnership amidst India and the US.
She further stated, that the historic visit paved the way for new avenues of collaboration, propelling our partnership to a greater height.
Meanwhile, Yellen revealed that the United States has appreciated India’s leadership amid its G20 presidency and it will continue the close cooperation with India. She added that the world is looking to the G20 for progress on climate change and pandemics.
She added further that the world is looking to the G20 to make progress on key challenges like climate change and pandemics as part of our work to strengthen the global economy and to support developing countries,” she said.
India and the US on Monday committed to strengthening bilateral ties and actively pursue the G20 agenda, which includes taking coordinated action to deal with climate change and look forward to alternate mechanisms to fund energy transition.
The US and India’s collaboration spans across a range of economic issues, including commercial and technological collaboration, strengthening supply chains, and catalysing the clean energy transition, Yellen said.
Yellen further added that in particular, US looks forward to working with India on an investment platform to deliver a lower cost of capital and increased private investment to speed India’s energy transition.
Yellen also lauded India’s focus on finalizing the “historic Two-Pillar global tax deal”,adding that US believes that they are close to reaching an agreement.
News Edit KV Raman
