Indian Prime Minister Narendra Modi is scheduled to meet the US. CEOs of several companies, including FedEx (FDX.N), MasterCard (MA.N), Adobe (ADBE.O) and others, during his state visit to the United States . The meeting, part of Modi’s efforts to strengthen bilateral relations, took place on June 23. John F. of Washington US. and the leadership of Indian companies such as Tech Mahindra (TEML.NS) and Mastek (MAST.NS)
The summit follows an official state dinner at the White House on June 22, hosted by President Joe Biden, and marked a milestone in relations between the world’s largest democracies.
Focus on Strengthening Bilateral Relations and Countering China’s Influence
President Biden has expressed a strong desire to strengthen ties with India as part of his master plan to counter China’s growing influence in the region. While Prime Minister Modi is not expected to openly address the threat from China in public speeches, he is likely to raise the issue in a private discussion with President Bide. Reducing India’s dependence on Russia for defense needs and increasing its domestic manufacturing capacity will be a priority policy.
The Biden administration has urged India to ease its bureaucratic processes to make contracts for armed drones with the U.S. more likely. has been smoothed out. Besides, Washington has urged India to take a firm stand against Russia for its involvement in the Ukraine conflict, given the escalation of military exercises by New Delhi and Russia and the purchase of Russian crude oil U.S
Removing Trade Obstacles and Enhancing Cooperation in Critical Areas
U.S. National Security Adviser Jake Sullivan, who visited India yesterday to prepare for Modi’s visit, underlined America’s commitment to remove trade barriers and strengthen cooperation with India, especially in strategic areas like security and high-technology. U.S. and India’s bilateral trade reached $128.55 billion in FY 2022-23, making US India’s largest trading partner. In contrast, trade between India and China fell 1.5% to $113.83 billion during the same period. Discussions between the two countries will focus on boosting chip manufacturing in India and relying on China for electronics. Artificial intelligence, quantum computing, cyber security and work visas for Indian workers will also be important topics of discussion.
Future Prospects and Biden’s Planned Visit to India
Prime Minister Modi’s visit to the US is expected to be the first of its kind. will pave the way for President Biden’s visit to India in September for the G20 summits, which will highlight the importance of India’s role on the global stage. Both countries are keen to build strong partnerships that will further their cooperation, address common challenges and pursue common goals.
The meeting between Modi and US. between senior officials, as well as discussions with President Biden, are important steps to further strengthen bilateral relations and encourage cooperation in key areas of mutual interest.
