India has been a dependable companion in world provide chain: Ambassador Sandhu

Washington, July 23

Asserting that India has been a dependable companion within the world provide chain, Ambassador Taranjit Singh Sandhu mentioned the nation has provided COVID-19 associated medicines and medical gear to over 100 nations, together with the US.

Addressing the digital India Ideas Summit organised by US India Business Council, India’s Ambassador to the US on Wednesday mentioned each disaster offered itself with a brand new alternative.

The pandemic had made the world realise the necessity for resilient and dependable partnerships, which may 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.

Adressing the summit, instantly after Prime Minister Narendra Modi delivered his keynote speech, Sandhu mentioned there had been expanded collaboration between India and the US in areas resembling well being, vaccine improvement, science and know-how and innovation.

“We are learning from each other’s best practices. I firmly believe 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 ease-of-doing enterprise in India, Sandhu mentioned that current investments introduced by American firms, together with Google, Facebook and others mirrored the arrogance of overseas traders within the  economic system. 

Observing that at present India is likely one of the quickest digitizing nations, he mentioned the reforms and initiatives undertaken by the federal government had facilitated creation of infrastructure within the sector, which had led to improved digital connectivity, achieved close to common protection of telecom providers and made out there satisfactory spectrum for a spread of actions.

This can be an space the place there was long-standing cooperation between India and the United States. The potential for deepening is immense and sky is the restrict, Sandhu mentioned.

The want for sooner web, good metropolis vegetation, industrial automation, linked gadgets make it crucial for India to undertake 5G. Moving past connectivity providers, 5G even present options for customers and trade, the ambassador mentioned.

Sandhu mentioned the worldwide economic system would see main restructuring of provide chains sooner or later.

With the current disruption and dangers, safety administration of provide chains had turn out to be a precedence, he mentioned, including that India had been a dependable companion to many nations, together with the United States in the course of 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. PTI

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