Did Sergio Gor Meet RBI Governor to Enhance Cooperation?
Synopsis
Key Takeaways
- Sergio Gor met with RBI Governor Sanjay Malhotra to discuss cooperation.
- Pax Silica initiative focuses on semiconductors and AI.
- India is invited to join the Pax Silica initiative next month.
- Continued engagement on trade issues between the US and India.
- Collaboration on new technologies is crucial for future growth.
Mumbai, January 17 (NationPress) The US Ambassador to India, Sergio Gor, announced on Saturday that he had a meeting with the Governor of the Reserve Bank of India, Sanjay Malhotra, in Mumbai, where they explored avenues for improved collaboration.
During his inaugural visit to India's financial hub, Gor also made a stop at the US Consulate in Mumbai.
In a post on X, he stated: “I thoroughly enjoyed my meeting with RBI Governor Sanjay Malhotra. We discussed opportunities for enhanced cooperation, particularly involving cutting-edge US technology.”
Gor mentioned that India will receive an invitation next month to become part of Pax Silica, a US-led strategic initiative concentrating on semiconductors, artificial intelligence, and essential supply chains.
Earlier on X, Gor expressed his enthusiasm, stating: “Excited to commence my first visit to Mumbai with a trip to our Consulate! Our committed team is diligently working to strengthen the US-India partnership.”
He emphasized that both India and the United States are actively collaborating on trade matters, with additional discussions anticipated in the near future.
In his initial remarks after taking office, Gor indicated that India and the US are maintaining momentum in their trade dialogues. While he did not disclose specific agenda items, he noted that follow-up meetings between officials from both nations are on the horizon.
His mission, he stated, is to fortify the connections between what he referred to as the world's oldest and largest democracies.
Gor characterized Pax Silica as a US-led initiative launched last month, aiming to establish a secure and innovation-oriented silicon supply chain. This initiative encompasses everything from critical minerals and energy inputs to advanced manufacturing, semiconductors, AI, and logistics. He mentioned that countries like Japan, South Korea, the United Kingdom, and Israel joined the initiative during its initial phase.
As emerging technologies mold the future, Gor asserted that it is crucial for India and the US to collaborate closely from the outset of such initiatives.