World Bank President Ajay Banga Praises PM Modi’s Strong US Relations and Tech Initiatives
World Bank President Ajay Banga praised Prime Minister Narendra Modi for prioritizing a strong relationship with the United States, both bilaterally and through the Quad security grouping. Banga highlighted that this has been Modi’s strategy since taking office.
PM Modi’s US Visit
During his three-day visit to the United States, PM Modi attended the sixth Quad Leaders’ Summit. US President Joe Biden hosted PM Modi along with Prime Minister Anthony Albanese of Australia and Prime Minister Kishida Fumio of Japan. Modi also interacted with the Indian diaspora in New York and addressed the ‘Summit of the Future’ at the United Nations General Assembly.
Meeting with Tech CEOs
PM Modi met with top tech leaders and CEOs at a roundtable hosted by the Massachusetts Institute of Technology (MIT) School of Engineering in New York. He assured US business leaders of India’s commitment to protecting intellectual property and fostering tech innovation. The roundtable included prominent figures like Adobe CEO Shantanu Narayen, Google CEO Sundar Pichai, IBM CEO Arvind Krishna, AMD CEO Lisa Su, and NVIDIA CEO Jensen Huang.
Discussions focused on collaboration in areas such as artificial intelligence, quantum computing, semiconductors, and biotechnology. Modi emphasized the importance of the India-US Initiative on Critical and Emerging Technologies (iCET) as central to the India-US Comprehensive Global Strategic Partnership.
The CEOs shared insights on leveraging technology for innovation and expressed interest in collaborating with India. Modi highlighted that technology cooperation between India and the US could drive mutual benefits and growth.
Doubts Revealed
World Bank -: The World Bank is an international organization that helps countries by giving them money and advice to improve their economies and reduce poverty.
Ajay Banga -: Ajay Banga is the President of the World Bank. He is an important person who helps make decisions about how the World Bank can help different countries.
PM Modi -: PM Modi is the Prime Minister of India. His full name is Narendra Modi, and he is the leader of the Indian government.
US Relations -: US Relations refers to the relationship between India and the United States. It means how well the two countries work together and help each other.
Quad -: The Quad is a group of four countries: India, the United States, Japan, and Australia. They work together on important issues like security and technology.
Indian diaspora -: The Indian diaspora refers to people from India who live in other countries. They often keep strong connections with their home country, India.
Tech CEOs -: Tech CEOs are the leaders of big technology companies. CEO stands for Chief Executive Officer, which means they are the top boss of the company.
AI -: AI stands for Artificial Intelligence. It is a type of technology that allows computers to think and learn like humans.
Quantum computing -: Quantum computing is a new type of computing that uses the principles of quantum mechanics. It can solve very complex problems much faster than regular computers.
Semiconductors -: Semiconductors are materials used to make electronic devices like computers and smartphones. They are very important for modern technology.
India-US Initiative on Critical and Emerging Technologies -: This is a special program where India and the US work together on new and important technologies. It helps both countries stay ahead in technology and innovation.