India has a chance to attract global supply chains away from China: Mike Pompeo

PTI

File photo: US Secretary of  State Mike Pompeo (PTI)

File photo: US Secretary of State Mike Pompeo (PTI)

In his virtual keynote address to the annual ‘India Ideas Summit’ of the US India Business Council (USIBC), Secretary of State Mike Pompeo commended India’s recent decision to ban 59 Chinese mobile apps and said India has a chance to attract global supply chains away from China.

Pompeo said India, which has garnered the support and trust of many nations including the US, can reduce its reliance on Chinese companies in areas like telecommunications, medical supplies and others.

 “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,” the top US diplomat said on Wednesday amidst Washington’s growing tensions with Beijing.

At the same time, Pompeo also stressed that to achieve an important place in the global supply chain, India needs 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 also 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.

Talking about the India-USA close ties, Pompeo expressed his confidence in India.

“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.