India biggest recipient of US economic aid over 1946-2012 period: USAID

Washington DC, July 14 (ANI): Lauding the tremendous progress made since the U.S.-India civil nuclear agreement that was signed in 2005, Vice President Joe Biden stated that a lot depends on the bilateral relationship, not just for the two countries, but for the region and the world.

Delivering the keynote address at an event organized by the Confederation of Indian Industry (CII) and Carnegie Endowment for International Peace here today, Biden suggested that mutual economic revival is the ballast of the relationship and pointed to the strides made in areas such as defense, cyber security, clean energy etc.

He also acknowledged India’s developmental challenges, praised its efforts at inclusion, poverty reduction, gender empowerment and the innovative and entrepreneurial nature of its people.

The Vice President’s speech capped a day-long conference organized by CII and Carnegie “The Future of the U.S.-India Partnership Ten Years after the Civil Nuclear Cooperation Initiative” on July 13 in Washington DC.

While the conference brought together some of the leaders behind the historic and landmark agreement, it also saw some of the finest minds in industry, polity and think tanks deliberating and celebrating ten years of US-India partnership.

The conference featured the key US and Indian negotiators that were involved in civil nuclear agreement as well as leaders from industry, think tank and administration of both the countries.

Suresh Prabhu, Minister of Railways, Government of India, and Condoleezza Rice, Former US Secretary of State, addressed the audience via video conference.

Lauding the leadership and vision of Prime Minster Narendra Modi and President Barack Obama and the positive momentum created in the last one year, the thought leaders charted pathways to further deepen this critical and strategic partnership, that not only encompasses the economic and the geo-political but also people to people ties.

CII Director General Chandrajit Banerjee said that the US-India relationship stands completely transformed today.

“The two countries now stand together as partners in almost every field of human endeavor,” he added.

CII President Sumit Mazumder mentioned that the strengthening bilateral partnership between India and the U.S. is not just in the interest of the two countries but indeed the entire world.

“I believe what we are seeing now is a clarity of intent and commitment by both sides which is leading to tangible progress on the ground,” he added. (ANI)

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