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Private sectors of India, US and Japan have key role in development of Indo-pacific: official

Press Trust of India  |  Washington 

The private sectors from India, the US and have a key role to play in the development of infrastructure in the which has "vast opportunities" for the companies of the three countries to be the "pioneers" in the region, a senior American has said.

for said the private sector played a central role in developing the that promote prosperity.

Vajda welcomed the recent initiative of US Chambers of Commerce to create Infrastructure Trilateral Forum, which brings together private sector companies from India, the US and for building infrastructure in the region.

"In addition to the work of governments, it is essential to remember the central role the private sector plays in developing the that promote prosperity and bring us closer together," Vajda told

"There are vast opportunities for our companies to be pioneers in this area," he said after Business Council (USIBC) and US Business Council (USJBC) the two international wings of US Chambers of Commerce - launched Infrastructure Trilateral Forum early this week.

"We are grateful that USIBC and USJBC are leading the charge by hosting engagements such as the Indo-Trilateral Forum, which help support quality, best value, and sustainable infrastructure development in the Indo-Pacific region," he said.

As one of the primary architects of the region's security and economic systems, the US has a strong interest in seeing the Indo-Pacific continues to thrive, Vajda said.

"We firmly believe that upholding a free and open Indo-Pacific begins with working alongside our like-minded partners to ensure the freedom of the seas and skies, promote market-based economics, support good governance and liberty and insulate sovereign nations from external coercion," he said.

"We remain committed to this region because its success is, and has always been, collectively, our success," he said.

Recognising the massive and pressing need for infrastructure investment in the Indo-Pacific, the State Department in February hosted delegations from Japan and in for an inaugural meeting, he added.

Subsequently, the Secretaries from the South Asian and East Asian Bureaus travelled to in April for a successful US-India-Japan Trilateral Dialogue.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 08:50 IST