San Francisco [US], September 6 (ANI): Union Commerce and Industry Minister Piyush Goyal who’s on a scheduled go to to the US from 5 to 10 September 2022 to attend the India-US Strategic Partnership Forum convention and Indo-Pacific Economic Framework ministerial assembly on Monday paid floral tribute to Mahatma Gandhi statue at Gadar Memorial in San Francisco.
“What a wonderful way to start the journey, it’s the best start, got the blessings of Bapu (Mahatma Gandhi) as well as the Indian diaspora. In the next two days in San Francisco and Palo Alto, I will be meeting various heads of companies in the US. The relationship between the US and India has been growing, increasing the harmony between the two nations.”Goyal additionally elaborated on the two-day ministerial assembly of the Indo-Pacific Economic Framework, he mentioned, “There is a 2-day ministerial meeting of the Indo-Pacific Economic Framework in which there will be a new economic group meeting between the ministers of all the countries around the Pacific Ocean including US, India, Japan, Indonesiaother countries.”Goyal additional mentioned that each one like-minded nations who imagine in democracy, who worth human rights and wish to commerce with transparency will enhance their relationship within the two-day assembly which can happen on Thursday and Friday.
He additionally highlighted Prime Minister Narendra Modi’s management and mentioned that beneath his steerage India has achieved many glories.
“Under the leadership of PM Modi, India’s pride has increased in the world. We’ve just celebrated ‘Azadi ka Amrit Mahotsav’. Many overseas Indians have said that the value of Indian passports has increased manifolds. The only desire in the heart of every Indian is that we should become a ‘Vishwa Guru’,” mentioned Goyal.
Goyal is scheduled to go to San Francisco and Los Angeles. During the go to, the minister can be scheduled to work together with eminent enterprise individuals, US officers, and business leaders to fortify the partnership between the 2 nations and strengthen commerce and financial ties.
India and the United States (US) take pleasure in a complete international strategic partnership protecting nearly all areas of human endeavour, pushed by shared democratic values, the convergence of pursuits on a spread of points, and vibrant people-to-people contacts.
Regular exchanges on the management stage have been an integral ingredient of the increasing bilateral engagement. The outcomes rising from these visits have been instrumental in additional strengthening the multifaceted ties between the 2 nations.
The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched collectively by the US and different companion nations of the Indo-Pacific area on May 23, 2022, in Tokyo. India joined the IPEF and Prime Minister Narendra Modi attended the launch occasion together with US President Joe Biden, Japanese Prime Minister Kishida Fumio and different leaders from companion nations. Previously, digital Ministerial Meetings had been held instantly after the launch on May 23 and thereafter from July 26-27, 2022.
The IPEF seeks to strengthen financial engagement amongst companion nations with the objective of advancing progress, peace and prosperity within the area. The framework is structured round 4 pillars regarding Trade (Pillar I); Supply Chains (Pillar II); Clean Economy (Pillar III); and Fair Economy (Pillar IV). The assembly would give attention to strengthening financial cooperation and enhancing resilience, sustainability, inclusiveness, financial progress, equity, and competitiveness within the Indo-Pacific area.
India is dedicated to a free, open and inclusive Indo-Pacific Region and would work in the direction of deepening financial cooperation amongst companions for the expansion and prosperity of the area. The framework is inclusive and permits flexibility to companion nations to affiliate with pillars primarily based on their respective priorities, the Ministry of Commerce and Industry mentioned in a press release.
The Minister may also maintain bilateral conferences with the US Secretary of Commerce, USTR and Ministers from different IPEF companion nations on the sidelines of the IPEF Ministerial.
During the go to, the Minister would work together with the CEOs of multinationals, the Indian diaspora, startup group together with enterprise capitalists and academia to propel present commerce and funding relations between Indian and US enterprise communities. The go to would give attention to emphasizing the attractiveness of India as essentially the most most well-liked funding vacation spot with various authorities interventions similar to Gati-shakti, Startup India, Investment Corridors, and measures undertaken for ease of doing enterprise and bettering the funding local weather.
Goyal will maintain discussions on the necessity and potential for nearer industrial collaborations and additional develop partnerships and set up commerce and funding linkages throughout precedence areas. Curated interactions with the startup ecosystem and the Indian diaspora that will assist in empowering and mentoring their progress and growth are additionally on the agenda. The Minister may also launch the Institute of Chartered Accounts of India’s (ICAI) consultant places of work within the USA.
Goyal is predicted to work together with globally famend expertise, entrepreneurship, and tutorial communities within the Bay Area, particularly, in Silicon Valley to undertake centered discussions with American firms trying to make investments or develop in India throughout sectors – Electronics (together with semiconductors), Technology, FinTech and many others.
The minister is scheduled to interact with the colourful Startup group in San Francisco to discover higher partnerships with the Indian startup ecosystem, mobilize international capital for India’s home markets, and encourage mentorships by skilled international enterprise leaders for Indian entrepreneurs, the ministry mentioned. (ANI)