India, which has earned the trust of many nations around the world, including that of the United States, can attract global supply chains away from China and reduce its reliance on Chinese companies, Secretary of State Mike Pompeo said on Wednesday.
In his virtual keynote address to the annual 'India Ideas Summit' of the US India Business Council (USIBC), Pompeo said it was important that democracies like the US and India work together, especially as the true scope of the challenges posed by the Chinese Communist Party gets seen more clearly.
"We work closely together to make sure that the world intellectual property organisation election was won by someone who respects property rights. It seems pretty basic," he said, he said amidst Washington's growing frictions with Beijing on the issure of intellectual property rights.
India, Pompeo said, has a chance to attract global supply chains away from China and reduce its reliance on Chinese companies in areas like telecommunications, medical supplies and others.
India is in this position because it has earned the trust of many nations around the world, including the United States, he said.
At the same time, the top US diplomat also underlined the need for India to encourage an environment that is "more open" to increased trade and investment from America.
"But, as I said last year to achieve these worthy goals, India will need to encourage an environment that is more open to increased trade and investment. I know that's possible because Indians and Americans share a spirit of hard work and entrepreneurship, and I'm confident our partnership is only getting stronger, Pompeo said.
He pointed out that Prime Minister Narendra Modi has been invited to the next G-7 Summit to be hosted by the US.
"We've also invited Prime Minister Modi to the next G-7 (summit), where we'll advance the economic prosperity network," Pompeo said.
The G-7 is a group of countries and organisations that the US considers natural partners because they share values like democracy and transparency and the rule of law.
In his address, Pompeo commended India's recent decision to ban 59 Chinese mobile apps, including TikTok, which, he said, presents serious security risks for the Indian people.
We also had to work with India to advance the Blue Dot Network, an initiative to promote high quality, transparent infrastructure development, he said, adding that this effort is crucial to adopt because free markets are the best way to lift people out of poverty. India has seen that in its own recent past, he noted.
That's an especially vital truth to remember today because the private sector will be indispensable and overcoming the economic damage caused by the coronavirus pandemic that began in Wuhan, China, he said.
The United States, he said, desires a new age of ambition in its relationship with India.
We don't just interact on a bilateral basis. We see each other for what we are great democracies, global powers and really good friends. India is one of a few trusted like-minded countries whose leaders I call on a regular basis for counsel and collaboration on issues that span continents, Pompeo said.
"I'm confident that our relationship is only getting stronger. Let's emerge from this current challenge more resilient and innovative than before. And let's seize this moment to deepen cooperation between two of the world's greatest democracies," he added.
