PM Modi presents India as a “trusted” trading partner at the US Strategic Partnership Forum India News


NEW DELHI: Prime Minister Narendra Modi on Thursday invited US businesses to “join India’s journey” out of the pandemic, making a strong speech for India to be a “trustworthy” economic partner. India had received $ 20 billion of foreign investment this year with companies like Google, Amazon and Mubadala announcing long-term plans, he said.
In comments read in the context of unrest in many parts of the world over China’s aggressive behavior during the Covid-19 crisis, Modi said: “This pandemic has shown the world that the decision on the development of global supply chains must be based on not only in costs. They must also be based on trust. Along with the affordability of geography, companies are now also looking for reliability and policy stability. India is the place that has all these qualities. ”

Addressing the US-India Strategic Partnership Forum via videoconference, the prime minister, who has also spoken before about India’s “trust factor”, also launched the “atmanirbhar (self-reliance)” campaign. He said the campaign fused the local with the global and ensured that India’s strengths acted as a global force multiplier.
Modi’s statements were not only intended to defend the investment, but also to position India as a rule-based actor. “As a result, India is also becoming one of the main attractions for foreign investment. Whether it’s the United States or the Gulf, Europe or Australia, the world believes in us. We have received more than $ 20 billion in foreign investment flows this year. Google, Amazon and Mubadala Investments have announced long-term plans for India, ”he said.

Responding to questions about whether ‘Atmanirbhar Bharat’ implied a return to the socialism of the 1970s, Modi said: “Despite our great local needs, we do not shy away from our global responsibility. The responsibility of being the world’s leading producer of generic drugs. We ensure constant supplies to the world. We are also at the forefront of Covid-19 vaccine research. A self-sufficient and peaceful India ensures a better world. ”
The prime minister also said that India had responded vigorously to the Covid-19 challenge, increasing infrastructure and ensuring proper clinical management of patients, which, in turn, meant that India had a low infection rate and a low rate of infection. mortality.

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