November 25, 2019
They are planning to buy US LNG and such
India and the US are co-hosting the three-day Global Entrepreneurship Summit
(GES) in Hyderabad next week, in which 1,500 entrepreneurs from 170 countries
and 350 participants from the US, a large number of whom are Indian-Americans,
will take part.Observing that the potential of this economic partnership is
really enormous, the official said many of the American companies are household
names in India, and Indian companies are increasingly looking to invest in the
United States.
Read: India, US will continue to work for inclusive growth: Ivanka
Trump before India visit"America First is not at the exclusion of the rest of
the world."We continue to be very engaged all over the world and having an
&Wholesale
Hand roll vacuum compression bags39;America First' philosophy is not
exclusive of collaboration, partnership and strong economic security and social
relationships around the world," a senior administration official told reporters
ahead of the next week's Global Entrepreneurship Summit (GES) in Hyderabad which
is being co-hosted by India and the US. We have seen that consistently," the
official said. (Photo: PTI)
Washington: The Trump administration's 'America
First' policy is not at the exclusion of the rest of the world, a senior White
House official has said, ruling out any conflict it may have with the 'Make in
India' initiative.All the senior administration officials spoke on the condition
of anonymity."This is part of that goal of creating a stronger relationship, but
also going into the world and recognising the important impact that our
leadership has and the importance of investing in entrepreneurship to create
economic opportunity in our own country and abroad. Trump himself has stated
just how strong the United States-India partnership is, and clearly one of those
fundamental, foundational pillars of that relationship is our economic and
commercial ties.
They are planning to buy US LNG and such," he said.US President
Donald Trump's daughter and senior adviser Ivanka Trump, 36, will lead a
high-powered American delegation of officials, women entrepreneurs and
businessmen for the summit beginning November 28. We are thrilled to see that
India has begun purchases of US crude.US President Trump's 'America First' is a
foreign policy focused on American interests and American national security. And
clearly, the US is a leader in that capacity and has remained a leader in that
capacity," the official said.When Prime Minister Narendra Modi came to the White
House, President Trump expressed the sentiment that India has a great friend and
partner in the United States, and that the US would like to grow their economic
and security partnership.
The president and the prime minister firmly committed
to expand that bilateral trade relationship but to make sure that it was
expanded in a fair, balanced and reciprocal manner to address some of the market
access impediments that US firms have. Most governments prioritise the people of
their country, but that does not mean that they operate in a vacuum and are not
very engaged in the rest of the globe.Ahead of the summit, # the official was
responding to a question on potential conflict between 'Make in India' and
'America First'.
The 'Make in India' initiative was launched by Prime Minister
Modi in September 2014 with the primary goal of making India a global
manufacturing hub. It also encourages hiring Americans."A natural really result
of the economic and strategic partnership that the two countries have and the
fact that entrepreneurship, innovation, is a hallmark of both our societies, so
it was a natural fit and a natural outflow of where we are in our partnership
with India," another official said.
The 'Make in India' initiative was launched
by Prime Minister Modi in September 2014.The two-way trade between the US and
India has hit a record of over USD 114 billion, and foreign direct investment
stocks in both directions are about USD 40 billion.According to another
official, Trump himself has stated just how strong the United States-India
partnership is, and clearly one of those fundamental, foundational pillars of
that relationship is our economic and commercial ties
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