Saturday, December 5, 2020
Home Business News India Inc looks forward to enhanced Indo-US ties as Biden wins -...

India Inc looks forward to enhanced Indo-US ties as Biden wins – Times of India


NEW DELHI: India Inc on Sunday hailed the victory of Joe Biden in the US Presidential election saying a “democratic process voted for a change” while hoping for enhanced ties and cooperation between India and the United States.
Congratulating President-Elect Biden and Vice President-Elect Kamala Harris, CII Director General Chandrajit Banerjee said, “CII looks forward to once again collaborating with President Biden and his incoming Administration.”
Prior to the economic disruption caused by Covid-19, bilateral trade in goods and services in 2019, reached a peak of nearly $150 billion and CII hopes this will continue to rise in the years to come, he added.
“We can aim higher to our shared goal of USD 500 billion through a new era of revitalised economic cooperation, which would be comprehensive, complementary and collaborative,” Banerjee said.
The key sectors to watch for enhanced business cooperation will be energy and the green economy, defence and manufacturing, especially providing a boost to small business cooperation, as well as pharmaceuticals and healthcare – all driven by India and the US’ new age businesses and disruptive innovation and technologies, he added.
The US-India Business Council (USIBC) termed Biden’s election as “truly a barrier breaking moment, and one that celebrates the diversity of America and the important contributions of immigrants who have made America their home”.
Highlighting that President-elect Biden brings decades of experience advancing US-India ties and played a key role forging the US-India Strategic Partnership in the Obama Administration, the USIBC said, “under his leadership, we expect to see a continued bipartisan focus on India and a broad-based approach to India and the Indo-Pacific that touches strategic, security, and economic issues, alongside climate, health, education, science and technology”.
The Council said it looks forward to working with the Biden-Harris Administration to help the US-India economic partnership achieve its full potential and bring opportunity to the citizens of both countries.
Hailing Biden and Harris as the new leaders of America, chairman and MD of JSW Group Sajjan Jindal said in a tweet, “A democratic process voted for a change in a very defining year globally! Congratulations to the American community that ensured that the democratic process was not compromised in a tough external environment.”
Similarly, congratulating Biden and Harris on their victory, JSPL Chairman Naveen Jindal in a tweet hoped “to see enhanced ties and cooperation between India and the United States”.



Source link

Avatar
Sahilhttp://digitalguruji.org
In this blog our main motive is to provide you all kind of latest information about technology, politics, sports, and health. If you want to read this information then you should have to visit our website. This information will help you to increase your knowledge.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Arjen Robben comeback on hold until next year: It is not yet going as I would like

Arjen Robben’s much anticipated return to his home town club FC Groningen has proven a disappointment as he has played just 44 minutes...

Coronavirus: What makes diabetes a bad comorbidity for COVID-19? – Times of India

Diabetes is a scary disease to battle, and it's sad to think that the worldwide prevalence of diabetes is increasing every single day,...

18 miners killed due to excessive carbon monoxide level at a coal mine in China – Times of India

BEIJING: Eighteen of the 23 workers were killed in a coal mine in China due to an excessive level of

After 3-month delay, 2nd FYJC merit list to be released today – Times of India

MUMBAI: The education department will announce the second merit list for first year junior college (FYJC) students at 11am on Saturday after a...

Recent Comments