Major technology companies in the US have been urged by Indian Prime Minister Narendra Modi to look into India as a place to work and innovate.
A moment after attending the annual conference of Quad states, which also includes the US, Australia, and Japan, he met Directors of software companies in New York.
India has been positioning itself as a viable option to China to draw in foreign companies looking to expand their supply stores.
The nation has put a particular emphasis on semiconductor manufacturing in the last few years, but it still leaves big players like China and Taiwan far behind.
Modi’s meet with the technical officials on Monday was attended by 15 leading Executives, including Google’s Sundar Pichai, Adobe’s Shantanu Narayen, IBM’s Arvind Krishna and NVIDIA’s Jensen Huang.
Addressing the meeting, Modi said,” they may co-develop, co-design, and co-produce in India for the earth”.
India’s international department said in a statement that the roundtable meeting touched upon humankind’s use in inventions,” which have the ability to revolutionise the global market and people development”.
Modi also addressed a rally of Indian-Americans whom he called “brand ambassadors” of the country and told the crowd of 15,000 in New York that India was key to “global development, global peace, global climate action, global innovations, global supply chains”.
On the outside of the Quad conference on Saturday, Modi and US President Joe Biden met and signed numerous partnerships.
The India-US semiconductor pact – which they have described as a “watershed arrangement” – aims to establish a fabrication plant which will produce chips for national security, next-generation telecommunications and green energy applications, said a joint release.
This is India’s first such project with the US in which the country will provide chips to the US armed forces, allied militaries and Indian military.
Previous attempts at building homegrown semiconductor manufacturing industry in India have not seen desired results. But as the US aims to build resilience against China’s semiconductor industry – vital for modern technology – the deal gives a renewed fillip to India.
The Indian Express newspaper reported that the plant will focus on “three essential pillars for modern war fighting: advanced sensing, advanced communications and high voltage power electronics”.
This was Modi’s first US visit since he won his third term in June, and it came just weeks before the Democrats are contesting re-election from the Republican party.
Trump had previously stated that he would meet Modi and that he was” a fantastic man.” However, this meeting has n’t taken place because Indian diplomats have n’t been in touch with them.
The Quad leaders released a joint statement on Saturday that was primarily focused on maritime security in the Indo-Pacific region.
“We strongly oppose any destabilising or unilateral actions that seek to change the status quo by force or coercion…We seek a region where no country dominates and no country is dominated – one where all countries are free from coercion, and can exercise their agency to determine their futures,” the statement read.
According to analysts, the statement did n’t mention China, but it did say that a large portion of the message was directed at the nation. Additionally, they noticed a much stronger language-feeling.
The language in the joint statement on provocations in the South China Sea is stronger than it has ever been, despite not directly referring to China. And that’s because all four Quad states are becoming more concerned about the rising Chinese activity there, according to Michael Kugelman, director of the South Asia Institute at the Wilson Center think-tank in Washington.
The Quad partners also announced the expansion of maritime surveillance, a pilot logistics network for natural disasters and a project to combat cervical cancer.