India-US economic ties set to reach new high; Biden, Modi would lead the world in critical issues like Covid 19, climate change: ASSOCHAM

India Inc is looking forward to building stronger economic ties with the US under President-elect Mr Joe Biden, ASSOCHAM said today, expressing confidence that the Indo-American partnership would lead the world in a most coordinated manner in critical areas like dealing with Covid-19 pandemic, climate change and a rule-based fair global trade.

'' We congratulate Mr Biden and Vice-President-elect Kamala Harris for their victory in the most keenly contested US elections. We salute the American democracy, as we cherish shared democratic values. Under the Biden-Harris leadership, the Indo-US economic ties would go from strength to strength, getting deeper into areas of advanced scientific research and development, business to business cooperation in strategic areas,'' said ASSOCHAM Secretary General Mr Deepak Sood .

Mr Sood said,'' with 100 years of glorious history, ASSOCHAM has been championing the India-US partnership through several institutional frameworks between the private sector enterprises of the two countries. Our engagement with the US industry and the Administration would be even more intense towards achieving the common goals for the two nations".

Congratulating Ms Harris, the ASSOCHAM Secretary General said, " We feel especially elated at your election as the first woman Vice-President of America in its history. You have been so gracious in hailing your Indian routes and values".

Mr Sood said, '' ASSOCHAM would be announcing several new initiatives in forging business to business cooperation covering the entire gamut of trade, services, consulting, IT and its newer technology facets".

He expressed confidence that Prime Minister Mr Narendra Modi and Mr Biden would chalk out great cooperation in dealing with the coronavirus pandemic. ''The vaccine development, manufacture and distribution would require immense global cooperation: India and the US would surely be leading such cooperation".,” He said.

About ASSOCHAM:

ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. It was established by promoter Chambers, representing all regions of India. Having in its fold over 400 Chambers and Trade Associations, and serving over 4.5 lakh members across India. ASSOCHAM has emerged as the fountainhead of Knowledge for Indian industry, which is all set to redefine the dynamics of growth and development in the Knowledge Based Economy. More information available on www.assocham.org