GANDHINAGAR: The US views India as an “indispensable partner” for friendship, which is part of the overall “indispensable strategy” for the US. the supply chainUS Treasury Secretary Janet Yellen said on Sunday.
“Friend-shoring is a key cornerstone of our vision to enhance the resilience of our supply chains, and we see India as an indispensable partner in this. More broadly, I hope this visit will be used to deepen the already important ties of friendship between India and the United States. Our ties continue to deepen. America is India’s largest export market. Our bilateral trade has reached an all-time high and we look forward to increasing it further,” he told reporters ahead of his meeting. Finance Minister Nirmala Sitharaman on Tuesday.
Several new investments were announced by US companies including chip maker Micron and e-commerce giant Amazon during Prime Minister Narendra Modi’s recent visit to the US, as part of a deal GE has signed with public sector Hindustan Aeronautics Ltd. It was also decided to share technology. ,
quad block – The US, India, Australia and Japan – came together after the COVID-19 pandemic caused major disruptions to global supply chains, and are working together through the Indo-Pacific Economic Framework along with several other countries . The purpose of these discussions is to reduce the dependence on China, for which America’s tension has increased.
Yellen said, “My goal is to strengthen our bilateral economic relationship and engagement by the private sector is an important part of the friendship and we see continued announcements of investment in India as an excellent place to manufacture and export to the US.” Have been.” He also suggested that he looked forward to working with China to improve bilateral relations.
“Last week’s visit marked a step forward in taking our ties to a stronger footing and establishing a flexible and productive channel of communication. There is still a lot of work to be done. But I believe this visit was an important beginning. “I look forward to building on the groundwork we laid in Beijing for further action,” he said ahead of a meeting of G20 finance ministers and central bank governors.
Finance Minister calls for strengthening global architecture to combat financial crimes
Finance Minister Nirmala Sitharaman on Sunday made a case for further strengthening the global architecture for sharing information on financial crimes, money laundering and various asset classes including crypto currencies.
At a tax symposium on the sidelines of a meeting of G20 finance ministers, he expressed confidence that the G20 will continue to assist jurisdictions in enhancing their law enforcement capacity.
The Finance Minister said that under his chairmanship, India has taken the lead in capacity building in tax and financial crime investigations in South Asia and a pilot project in collaboration with the OECD will be launched on Tuesday.
“Friend-shoring is a key cornerstone of our vision to enhance the resilience of our supply chains, and we see India as an indispensable partner in this. More broadly, I hope this visit will be used to deepen the already important ties of friendship between India and the United States. Our ties continue to deepen. America is India’s largest export market. Our bilateral trade has reached an all-time high and we look forward to increasing it further,” he told reporters ahead of his meeting. Finance Minister Nirmala Sitharaman on Tuesday.
Several new investments were announced by US companies including chip maker Micron and e-commerce giant Amazon during Prime Minister Narendra Modi’s recent visit to the US, as part of a deal GE has signed with public sector Hindustan Aeronautics Ltd. It was also decided to share technology. ,
quad block – The US, India, Australia and Japan – came together after the COVID-19 pandemic caused major disruptions to global supply chains, and are working together through the Indo-Pacific Economic Framework along with several other countries . The purpose of these discussions is to reduce the dependence on China, for which America’s tension has increased.
Yellen said, “My goal is to strengthen our bilateral economic relationship and engagement by the private sector is an important part of the friendship and we see continued announcements of investment in India as an excellent place to manufacture and export to the US.” Have been.” He also suggested that he looked forward to working with China to improve bilateral relations.
“Last week’s visit marked a step forward in taking our ties to a stronger footing and establishing a flexible and productive channel of communication. There is still a lot of work to be done. But I believe this visit was an important beginning. “I look forward to building on the groundwork we laid in Beijing for further action,” he said ahead of a meeting of G20 finance ministers and central bank governors.
Finance Minister calls for strengthening global architecture to combat financial crimes
Finance Minister Nirmala Sitharaman on Sunday made a case for further strengthening the global architecture for sharing information on financial crimes, money laundering and various asset classes including crypto currencies.
At a tax symposium on the sidelines of a meeting of G20 finance ministers, he expressed confidence that the G20 will continue to assist jurisdictions in enhancing their law enforcement capacity.
The Finance Minister said that under his chairmanship, India has taken the lead in capacity building in tax and financial crime investigations in South Asia and a pilot project in collaboration with the OECD will be launched on Tuesday.