Mumbai: US Deputy Secretary of Treasury Wally Adeyemo on Wednesday expressed confidence that the US and India will play a pivotal role in the next wave of technological innovation.
”What is clear that both our countries will play pivotal roles in the next wave of technological innovation ? and how it is deployed responsibly to the benefit of all segments of society ? especially when our people and companies work together,” he said at the Indian Institute of Technology (IIT) Bombay.
Underscoring the economic relationship between the two countries, he said he was eager to discuss what comes next with respect to how to deepen the bilateral ties.
”India, as President Biden has said, is one of America’s indispensable partners. While here in India, I am having this conversation with leaders from your government, business sector and civil society ? and of course with entrepreneurs and students like you about the future of India and our economic and broader relationship.”
He added: ”The timeliness of this conversation is not lost on me, particularly as India is preparing for its Presidency of the G20 in 2023.
In May, President Biden and Prime Minister Narendra Modi joined leaders from almost a dozen countries representing 40 per cent of the global economy in Tokyo for the launch of the Indo-Pacific Economic Framework, he said.
Praising Indian companies, he expressed confidence that many of them will be the companies in the years and decades to come that will not only solve problems that will enrich their founders, but will solve problems that will benefit society helping deal with challenges like climate change or medical diseases.