Kolkata, March 11 (IANS) Describing the Sino-Indian and Indo-US relations as complex and comprehensive, US ambassador Richard Verma asserted on Wednesday that strong ties between New Delhi and Washington were in the interest of the world.
Addressing a two-day seminar on 'Building Pan Asian Connectivity', Verma lamented South Asia's negligible intra-regional commerce and called upon India to address the economic anomaly for better connectivity for the "least connected" region on earth.
"India and China and the US and China, both are very complicated and comprehensive relationships. There are elements of competition and cooperation in our relationships. We have our economic interests, but when we have security concerns or human rights concerns we raise them," said Verma.
"A strong Indo-US relationship is in the interest of the region and the world and it is not directed to any other country, particularly not directed at China," asserted the envoy.
Asserting that a growing Indian economy was in the interest of the world, Verma said the US was collaborating with India on several fronts including in the sphere of infrastructural development.
"The US can't be the only engine that pulls the global economy out of the death bed it has been in for the past 10 years. So, the more the Indian economy does better, the more this region grows, that is good for the US, the Europe and the world.
"There is a tremendous need for infrastructural development here, in sanitation, in cities, airports, railways...and we are working closely with the India government on this. We are working on identifying opportunities for American companies in India where they can participate," said Verma.
Observing that South Asia intra-regional commerce comprised only 5 percent of total global trade, and India traded mostly with the US, Europe and the Middle East than with its immediate South Asian neighbors, Verma said the addressing the economic anomaly was challenging
"Addressing this economic anomaly will involve overcoming some challenges, but if we do it will also create enormous opportunities for the region that has been called the least connected region on earth," said Verma.
He said developing connectivity in South Asia has challenges in forms of inclusive economic growth, good governance, and climate change.
"For connectivity to be meaningful and sustainable, ordinary people - all people - have to benefit. Good economic governance, simpler and more transparent trade and economic policies are also keys to expanding trade in the region," added Verma.
RBI: Reserve Bank of India gave relief to banks and NBFCs regarding credit and debit cards, you should also know
The Reserve Bank of India has given relief to credit and debit card issuing banks and non-banking finance companies (NBFCs). The RBI on Tuesday extended by three months the deadline for complying with
This is Captain Sanju Samson's plan for Rajasthan Royals in IPL 2022 Mega Auction
The mega auction for the 15th season of the Indian Premier League (IPL) is to be held on February 12 and 13. Before this, teams are gathering information about players as well as observe, analyze, and
A bank run by beggars, for beggars in Bihar town
Gaya (Bihar), March 27 (IANS) A group of beggars in this Bihar town has opened their own bank, which they run and manage to provide financial security in times of crisis.Dozens of beggars, who
27 die as coaches of Varanasi-bound train derail
Lucknow, March 20 (IANS) At least 27 people were killed when the engine and two crowded coaches of a passenger train derailed in Uttar Pradesh on Friday after the driver overshot a signal,
PM Modi's visit to Jammu and Kashmir: PM will hit many targets with one arrow, and will prepare an election platform for BJP!
Political excitement has intensified regarding Prime Minister Narendra Modi's proposed visit to Jammu and Kashmir on April 24. PM Modi will reach Palli village in Samba district on National Panchayati
Thailand and Cambodia agreed on an immediate, unconditional ceasefire; the war had been going on for 5 days.
A ceasefire has finally been declared on the conflict between Thailand and Cambodia that has been going on for the last five days. Amid international efforts to end the conflict, Thai and Cambodian
President Droupadi Murmu will present Silver Trumpet to bodyguards today, ex-servicemen will parade for the first time
President Draupadi Murmu will present the Silver Trumpet and Silver Banner to the President's Bodyguards (PBG) at a function to be held in the forecourt of Rashtrapati Bhavan on October 27. For this,
Bangladesh Violence: 'His tongue opens only on Palestine...', Giriraj Singh lashed out at Owaisi's silence on Bangladesh violence
Union Minister and senior Bharatiya Janata Party (BJP) leader Giriraj Singh has taken a dig at the opposition's silence on the Bangladesh violence. He attacked not only the big leaders of the India
The country's maritime security will be further strengthened, aircraft will be deployed on the indigenous aircraft carrier Vikrant by June
The country's maritime security is going to get further strengthened. The recently inducted indigenous aircraft carrier 'INS Vikrant' will also get its aircraft by May or June next year. Navy Chief
Up to 40% off on newly launched laptops from Dell, HP, and Lenovo in Amazon deals
If you want a laptop with an i3 processor that can last up to 7 hours, don't forget to check laptop offers on Amazon. Up to 40% off on Dell, HP, and Lenovo laptops in New Launch Deals Sale. An