New Delhi: Technology companies such as Apple and Google have expanded their phone production in India, United States Treasury Secretary Janet Yellen said on Saturday, and as the US looks to the future, it will look to deepen ties in the technology sector. looking forward to United States Treasury Secretary Janet Yellen was speaking at a roundtable with US and Indian tech business leaders in Bengaluru on the sidelines of the first Finance Ministers and Central Bank Governors meeting under India’s G20 Presidency.
“I look forward to deepening ties in the technology sector. The US is pursuing an approach called “friend-shoring” to increase the resilience of our supply chains. We look forward to integration with many of our trusted trading partners, including India. Doing so by strengthening.Also read: “Dear SBI User…:” Are you also getting this SMS? Check The Truth About SBI Fake Message Scam,
We are seeing progress, for example technology companies like Apple and Google have expanded their phone production in India. Promote inclusive and resilient growth in India. ,Also read: ICICI hikes FD rates from today: Check comparison of latest fixed deposit rates of SBI vs HDFC vs ICICI,
Under the PGII, the US has announced investments in agri-tech to enable climate-smart agricultural production, and in digital payment systems for micro-entrepreneurs, Yellen said. I stand by the investment. Sector in India.
Overall, the secretary said the US aims to raise USD 200 billion for PGII by 2027 and the US looks forward to partnering with India to continue investing in the future.
Top CEOs like Sandeep Patel from IBM, Nandan Nilekani from Infosys, Nivruti Rai from Intel, Rishad Premji from Wipro, Josh Folger from Foxconn, Vikram Rai from GE, Rekha Menon from Accenture, Alexander Slater from US India Business participated in the roundtable took. Council (USIBC) and Nivedita Mehra from the US-India Strategic Partnership Forum (USISPF).
Yellen said that America is India’s largest trading partner. “In 2021, our bilateral trade is set to exceed USD 150 billion. Our people-to-people ties reaffirm the closeness of our ties. 2 lakh Indians studying in the US and enriching our schools and universities,” They said, “We depend.” each other on a daily basis.
Indians use WhatsApp to communicate and many American companies rely on Infosys to operate. workforce.
Infosys has a strong base in the US. A world-class training center in Indianapolis exclusively for Americans. “We recruited 7,000 fresh graduates this year. We work with all US universities and educational institutions in the US with 1,200 teachers and we want to expand,” Nilekani said.
Nilekani said that Infosys runs the Indian tax system on the backend. “The entire Income Tax and Goods and Services Tax (GST) system is run by Infosys at the backend, which is completely digital and paperless,” he added. He also said that America invented the Internet and the Global Positioning System (GPS).
Nilekani said, “We realized that if we enable public infrastructure through the government on a large scale and make it an open standard at the same level and have innovators at the top, Aadhaar, Unique Identification Authority of India (UIDAI) ) like magic happens.”
Sandeep Patel, Managing Director, IBM India/South Asia, said it was great to meet and discuss strengthening the India-US trusted technology partnership. “Proactive policy measures on the critical and emerging technology will enhance friendship and benefit the economy and people of both countries,” he said.