Singh said it will be necessary for American businesses to de-risk by investing in India to deal with the challenges faced by the rules-based international order
New Delhi: Defence minister Rajnath Singh on Tuesday described India and the US as natural partners who must move forward in the strategic and business sectors amid the current global geopolitical scenario, while stressing that capital and technological know-how from the US can help India become a developed country by 2047 and in-bound investments can provide American companies high returns.
“India and the US support a free, open and rules-based international order. Due to this, there is a lot of alignment in our strategic interests. Besides, our economic relationship is a win-win proposition for both the countries. The current relationship is driven by the twin congruence of shared values and aligned interests, which is a guarantee for long sustainability and robustness of ties,” Singh said.
He was addressing a conference on Strengthening Indo-US Relationship in Amrit Kaal – Aatmanirbhar Bharat organised by Indo-American Chamber of Commerce (IACC).
India-US cooperation would act as a force multiplier for the rules-based world order, the minister said.
“India is the largest democracy in the world, and US is another big democracy. When two big democracies cooperate, it will make the democratic world order stronger. This will act as a force multiplier for rules-based order across the globe. Our work together will be beneficial not only to us, but for the entire world.”