Asked how the further opening of China will affect Asean member states, Mr Lee expressed hope that Singapore can continue participating in Chinese development, adding that the superpower's growth is also a positive move on the global stage. "We have to use technology to improve compliance, regulation and supervision so that innovation flourishes and risks are contained", he said.
Pence said that now the negotiations have reached a point where the usa needs "to see results". During the meeting, the Modi told Pence that the United States has a "great opportunity" to set up defence manufacturing in India, the External Affairs Ministry said in a statement.
With India starting to import oil and gas from the U.S., there was a lot of discussion on energy cooperation as well. We must extend the security of insurance and pension to more than a billion workers in the informal sectors worldwide, who still do not have it. We have begun importing oil and gas from U.S. worth about Dollars 4 billion this year. "And in that context the Prime Minister expressed hope that this would be the approach that USA might take when it looks at the whole issue of the H-1B visa", Gokhale said.
Menon said the problem was two-fold: Banks face high costs to reach customers in remote areas while technology startups lack resources to expand into new markets. "The future of Fintech and Industry 4.0 is emerging in India", he said at the festival which was launched in 2016 and is in its third edition.
PM Modi said through Aadhaar and cellphones, his government has launched Jan Dhan Yojana and opened 330 million new bank accounts in three years. "And in that context the Prime Minister therefore expressed the hope that this would be the approach that U.S. might take when it looks at the whole issue of the H-1B visa", Gokhale said. "He appreciated the strong leadership that Prime Minister Modi has shown, he felt that India is a positive factor in regional and worldwide relations", Foreign Secretary Vijay Gokhale told reporters here.
The two sides "agreed that on the worldwide forums, we should on the basis of the shared values build up a possible cooperation in a number of areas". "From cards to QRs and wallets, digital transactions in India are growing rapidly", Modi said, while recalling his Singapore visit during which he launched India's RuPay card and the first global remittance mobile app using the country's world class Unified Payment Interface (UPI).
Pence and Moon were meeting on the sidelines of an Asia-Pacific summit hosted by Singapore.
India and the United States on Wednesday pledged to further strengthen economic cooperation and increase engagement in the oil and energy sector with a view to boost bilateral trade.
"The North Koreans informed (the U.S. of the postponement) in a polite tone, citing scheduling issues".