US Treasury Secretary Janet L Yellen termed India as the biggest trading partner, and pitched for advancing an approach called “friendshoring” to support resilience of supply chains.
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US Treasury Secretary Janet L Yellen termed India as the biggest trading partner, while addressing a roundtable with US and Indian tech business leaders on the sidelines of G20 Finance Ministers and Central Bank Governors.
Following President Biden’s remarks as India an indispensable partner to the United States, Yellen pitched for advancing an approach called “friendshoring” to support resilience of supply chains.
Yellen added, “ In 2021, our bilateral trade was over US$ 150 billion. Our people-to-people ties affirm the closeness of our relationship. 200,000 Indians are studying in America and enriching our schools and universities. We depend on each other on a daily basis: Indians use WhatsApp to communicate and many American companies rely on Infosys to operate”.
The roundtable was attended by top tech leaders including Infosys chairman Nandan Nilekani, IBM India managing director Sandip Patel, Intel India country head Nivruti Rai, Foxconn India Country Head Josh Foulgar and Wipro chairman Rishad Premji.
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