India and the US are co-hosting the three-day Global Entrepreneurship Summit (GES) in Hyderabad next week, in which 1,500 entrepreneurs from 170 countries and 350 participants from the US, a large number of whom are Indian-Americans, will take part.
US President Donald Trump's daughter and senior adviser Ivanka Trump, 36, will lead a high-powered American delegation of officials, women entrepreneurs and businessmen for the summit beginning November 28.
Ahead of the summit, the official was responding to a question on potential conflict between 'Make in India' and 'America First'.
"America First is not at the exclusion of the rest of the world. Most governments prioritise the people of their country, but that does not mean that they operate in a vacuum and are not very engaged in the rest of the globe. And clearly, the US is a leader in that capacity and has remained a leader in that capacity," the official said.
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"This is part of that goal of creating a stronger relationship, but also going into the world and recognising the important impact that our leadership has and the importance of investing in entrepreneurship to create economic opportunity in our own country and abroad. We have seen that consistently," the official said.
According to another official, Trump himself has stated just how strong the United States-India partnership is, and clearly one of those fundamental, foundational pillars of that relationship is our economic and commercial ties.
"The president and the prime minister firmly committed to expand that bilateral trade relationship but to make sure that it was expanded in a fair, balanced and reciprocal manner to address some of the market access impediments that US firms have. We are thrilled to see that India has begun purchases of US crude. They are planning to buy US LNG and such," he said.
All the senior administration officials spoke on the condition of anonymity.
"A natural really result of the economic and strategic partnership that the two countries have and the fact that entrepreneurship, innovation, is a hallmark of both our societies, so it was a natural fit and a natural outflow of where we are in our partnership with India," another official said.
The 'Make in India' initiative was launched by Prime Minister Modi in September 2014 with the primary goal of making India a global manufacturing hub.
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