World News | Business America optimistic about India ahead of PM Modi’s visit

WASHINGTON, June 14 (PTI) Ahead of Prime Minister Narendra Modi’s state visit to the US, US business leaders have expressed their optimism and excitement about India and want to see technological advancements in industries such as semiconductors between the two countries. Convergence deepens, defense, cybersecurity and telecommunications.

On Tuesday, the US India Business Council (USIBC) hosted its annual India Ideas Summit ahead of next week’s state visit, the largest gathering of Indian and US CEOs, and it was probably the only topic of discussion at the conference.

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President Joe Biden and first lady Jill Biden have invited Modi for an official state visit, which includes a state dinner on June 22.

“Good mood … very positive mood. Everyone is happy about the upcoming state visit. … Everyone wants to see our technology converge in semiconductors, defense, cybersecurity, telecommunications, 5G and 6G, etc. Deepening. There are a lot of areas where deep technology and future technology converge and everyone wants to see more work,” USIBC Chairman Atul Keshap said in an interview with PTI.

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“They want to see the flow of deals between the two countries. We want to see trade expand to $500 billion as quickly as possible,” he said.

“I would like to see more defense deals. Defense deals are really important for deterrence. When we host Indus X here next week, we will try to see how this creative and converging startup incubator does for the US-India​​​​ Relationships have a bigger impact,” Keshap said.

Vivek Lall, chief executive of General Atomics Global Corporation, said the market sentiment is very optimistic.

“When the prime minister arrives in Washington, D.C. next week, it will be a watershed event. I think the business community, and certainly the government community, are very eagerly looking forward to this visit; very eagerly looking forward to how we can make a difference in various areas of cooperation,” he said at the summit Period told PTI.

This, he said, will set the tone and pace of the relationship for decades to come. He added that this official state visit is of great significance. He pointed out that all walks of life, especially the industrial and commercial circles here, look forward to fruitful results from the bilateral talks.

There is a lot of synergy not only between big companies but also with start-ups when it comes to key and emerging technologies.

“We do see these areas, whether it’s quantum, artificial intelligence, defense innovation, as areas of great potential between the two countries. This shows the seeds of future development and progress,” Lal said.

BJ Arun, TiE Global Board of Directors, said the visit was exciting.

“We’re very excited and optimistic about what’s happening in (India). Because he (the prime minister) is very business-friendly. Even in the past, we’ve had political leaders come, but we never followed through, we never really saw It leads to policy changes,” he said.

“This is the first time in the past nine years that we’ve seen someone really commit to this, and actually take action and implement policy based on what needs to be done, and now it’s producing results. We’re seeing results policies being put in place,” Allen said.

(This is an unedited and auto-generated story from a Syndicated News feed, the body of content may not have been modified or edited by LatestLY staff)