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India Says ‘Substantive Outcomes’ From Biden, PM Modi Talks

by Economy India
May 24, 2022
Reading Time: 2 mins read
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TOKYO: Indian Prime Minister Narendra Modi and U.S. President Joe Biden reached “substantive outcomes” on Tuesday in talks to strengthen their trade and defence ties, India said, though Modi refrained from condemning Russia for its invasion of Ukraine.

The leaders were in Tokyo for a meeting of the Quad group of countries – the United States, India, Japan and Australia. Of the four, only India has not condemned Russia’s invasion despite pressure from the United States for it to do so.

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“Discussed ways to strengthen cooperation in trade, investment, technology, defence, P2P ties between the two countries,” Indian foreign ministry spokesperson, Arindam Bagchi, said on Twitter, referring to people-to-people ties.

“Concluded with substantive outcomes adding depth and momentum to the bilateral partnership.”

Biden told Modi he was committed to make the U.S.-India partnership “among the closest we have on earth”.

The White House said in a statement that Biden, in the meeting with Modi, had condemned Russia’s invasion of Ukraine but there was no mention of Modi doing so. Modi had agreed on humanitarian help for Ukraine, it said.

In a news conference in Tokyo, India’s foreign secretary said the leaders of the other Quad countries understood its position on Ukraine in calling for an end to hostilities and resolving issues through dialogue.

“There was a general and good appreciation of the position that India has taken with regard to Ukraine,” Vinay Mohan Kwatra said.

Russia has been India’s biggest arms supplier for decades and India is wary of seeing Russia pushed even closer to China, with which India has serious border disagreements.

The United States has in recent months offered to sell more defence equipment and oil to India to pry it away from Russia. India has also joined a U.S.-led trade partnership that Biden launched this week, called the Indo-Pacific Economic Framework for Prosperity.

The White House said India would be joining the U.S.-backed Combined Military Forces-Bahrain as an associate member. The maritime partnership has 34 members from around the world but does not include China.

Kwatra said Modi urged Biden to get more U.S. companies to make defence equipment in India. (Source: Reuters)

Tags: Prime Minister Narendra ModiTokyoU.S. President Joe Biden
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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