"We are in a very momentous phase of our relationship. India is moving quickly on its commitment to reform, throwing up tremendous opportunities for working together," the new Indian Ambassador to the US, Arun Kumar Singh, told members of the US India Business Council (USIBC) here yesterday.
Selecting the American business community for his first major public interaction after arriving in the US capital, the new Indian Ambassador exuded confidence that the US business and industry will continue to seize the potential.
Singh was welcomed by USIBC chairman Ajay Banga and president Mukesh Aghi at the reception hosted in his honour.
The past year has been transformational in many ways. It was exactly a year ago that Prime Minister Narendra Modi took over the reins of a new government, riding on an unprecedented mandate for development and reform, Singh said.
Since then, the government has pushed forward with the reform agenda at a remarkable speed, focusing on infrastructure development, manufacturing, technological advancement, skills development and financial inclusion, through new and innovative programmes like Make in India, Digital India, Smart Cities and the Jan Dhan Yojana, he said.
He wants to transform India into a digitally empowered society with universal internet connectivity, digital identity, mobile phone banking and e-services.
He wants India to take its rightful place as a fast growing economy, tapping the huge potential of its young population, Singh told the US business community.