NEW DELHI : Prime Minister Narendra Modi said the strategic partnership between India and the United States was truly a partnership of trust and that the investment incentive agreement between India and the United States will see concrete progress in the direction of investment between the two nations.

Modi said in his opening remarks during the bilateral meeting with US President Joe Biden that the two nations’ shared values ​​and common interests in many areas, including security, have enhanced mutual trust.

“Our people-to-people relationships and close economic ties also make our partnership unique.

Trade and investment between us is also continuously expanding, although still well below our potential. I am sure that with the investment incentive agreement between India and the United States, we will see concrete progress in the direction of investment,” an official statement from the Prime Minister’s Office said. quoting Modi’s original remarks made in Hindi.

Modi and Biden also attended the Quad Summit in Japan on Tuesday.

“We are strengthening our bilateral cooperation in the field of technology and also strengthening mutual coordination on global issues. Our two countries share the same outlook on the Indo-Pacific region and strive to safeguard our shared values ​​and common interests not only bilaterally but also with other like-minded countries,” the statement said. bilateral talks.

“The Quad and the Indo-Pacific Economic Framework for Prosperity (IPEF) announced yesterday are concrete examples of this. Our discussion today will accelerate this positive momentum. I am convinced that the friendship between India and the United States will continue to be a positive force for global peace and stability, for the sustainability of the planet and for the well-being of humankind. the statement quoting Modi.

Speaking at Biden’s launch of IPEF in Tokyo on Monday, Modi called for finding common solutions to address the region’s economic challenges and said New Delhi is committed to working with all countries in the region. indo-pacific region for an inclusive environment. and a resilient economic framework for prosperity.

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