NEW DELHI : Commenting on the recent visit of Prime Minister Narendra Modi’s to the US, FICCI President, Subhrakant Panda said,  “Our Prime Minister’s visit to the United States has been very successful with several substantial outcomes relating to defence acquisitions which will enhance national security, access to critical technology, potential investment in semiconductors, Artemis Accord for space cooperation and settlement of the pending trade disputes.

The cooperation between the US Small Business Administration and India’s MSME Ministry will also be very beneficial for Indian entrepreneurs. This is the start of a new era in US-India relationship where there is mutual trust and convergence of views on strategic issues. This will benefit not just the two nations but the world at large.”

Shailesh K Pathak, Secretary General, FICCI said, “The visit of the Prime Minister to the US is a successful visit especially from the business perspective. FICCI is delighted with some specific achievements out of the visit. Under the Initiative on Critical and Emerging Technologies (iCET), we already have agreements on defence, space, and semiconductors.

Now that government has paved the way, the private sector will rise and partner with American and Indian companies. The movement of professionals, renewal of H1B visa and increase in visa offices will help the tech industry. We have managed to settle the WTO disputes bilaterally which is a healthy sign.”

Ranjit Barthakur, chairman, FICCI Northeast Advisory Council said, the landmark Visit of Prime Minister, Narendra Modi, to the United States heralds the start of an era of dynamic cooperation between the two nations. The initiation of numerous strategic alliances in the defence, semiconductors, MSMEs and space exploration sectors will go a long way in bolstering Indo – US economic cooperation.

The visit has also set the groundwork for augmented trade relations, by settling lingering disagreements at the WTO. The partnership between the US Small Business Administration and India’s Ministry of Micro, Small and Medium Enterprises underscores the commitment to upskilling employees and fostering entrepreneurship.

This historic visit represents a significant leap forward in India-US relations. The unfolding of this ‘next-generation partnership’ is keenly awaited as we anticipate the positive outcomes of this strengthened alliance.