Indian Prime Minister Narendra Modi is embarking on a three-day trip to the United States, but this is no ordinary diplomatic visit. Modi’s mission is to strengthen the strategic technology partnership between the two countries, which has become increasingly important since the US imposed sanctions on Russia and Iran, making it difficult for India to trade with these countries.
To achieve this goal, Modi is seeking tax incentives and the removal of regulatory barriers to expand strategic technology ties with the US. One of the key initiatives of this visit is the iCET initiative, which aims to promote cooperation in areas such as artificial intelligence, quantum computing, space exploration, semiconductors, and defense technology. This is a significant step in India’s efforts to become a global leader in technology.
But this visit is not just about technology. India is also looking to expand its diamond trade. The US is the world’s largest diamond market, and India hopes to tap into this market to expand its diamond trade. Discussions may include India joining the negotiations under Pillar I of the Indo-Pacific Economic Framework for Prosperity (IPEF), which is related to trade. This visit may provide an opportunity to discuss these issues and explore out-of-court settlement options, as well as the voluntary withdrawal of cases by both sides before the US President.
It’s important to note that this visit comes at a time when the world is facing significant challenges, including the COVID-19 pandemic and climate change. Both India and the US are working together to tackle these challenges and promote global cooperation. The visit is an opportunity to strengthen the strategic partnership between the two countries and promote a more secure and prosperous world.
The highlight of this visit is the gifting of a 7-carat lab-grown diamond worth `30 lakh to US President Joe Biden. This is a symbolic gesture that could signal a blossoming friendship between the two countries. The US and India have been on good terms for some time now, but both countries seem to be looking to take things to the next level.
In conclusion, the visit of PM Modi to the US is a crucial step towards strengthening strategic technology partnership, expanding trade, and promoting global cooperation. It’s not just a routine diplomatic mission, but rather a significant opportunity to pave the way for a brighter future. Let’s hope this visit will lead to a stronger and more prosperous relationship between the two countries.