Addressing the digital India Ideas Summit organized by US India Business Council, India’s Ambassador to the US on Wednesday mentioned each disaster presents itself with a brand new alternative.
The pandemic has made the world notice, the necessity for resilient and dependable partnerships, which might stand up to shocks and uncertainties, Sandhu mentioned.
“India has been a reliable partner, in the global supply chain. When the need arose, we stepped up and supplied COVID related medicines, and medical equipment to over 100 countries, including the United States,” he mentioned.
Addressing the summit, instantly after Prime Minister Narendra Modi delivered his key word speech, Sandhu mentioned there was expanded collaboration, between India and the US in areas comparable to well being, vaccine improvement, science and know-how and innovation.
“We are learning from each other’s best practices. I firmly believe, that technology will play in an important role, in the Covid and post-Covid world. Already, it is providing innovative solutions, to work, education, business, health-care and even diplomacy. The free and open exchange of ideas, and information, has been one of the biggest strengths, of our partnership,” he mentioned.
Noting that India has undertaken a sequence of structural reforms to draw funding, and enhance, the benefit of doing enterprise in India, Sandhu mentioned that current investments introduced by American corporations, together with Google, Facebook and others, mirror the arrogance, of international buyers within the economic system.
Observing that right now India is likely one of the quickest digitizing international locations, he mentioned the reforms and initiatives undertaken by the federal government have facilitated creation of infrastructure within the sector, which has led to improved digital connectivity, achieved close to common protection of telecom companies and made accessible sufficient spectrum for a variety of actions.
This can be an space the place there was lengthy standing cooperation between India and the United States. The potential for deepening is immense and sky is the restrict, Sandhu mentioned.
The want for quicker web, sensible metropolis crops, industrial automation, linked gadgets, and many others. make it crucial for India to undertake 5G. Moving past connectivity companies, 5G even present options for shoppers and business, the ambassador mentioned.
Sandhu mentioned the worldwide economic system will see main restructuring of provide chains sooner or later.
With the current disruption and dangers, safety administration of provide chains has turn into a precedence, he mentioned, including that India has been a dependable companion to many international locations, together with the United States throughout the present pandemic.
“As global MNCs, including US companies look for relocating and diversifying their supply chains, we welcome them to invest in India,” Sandhu mentioned. LKJ AD