PM Modi US Visit: Here Modi goes to America, on the other side US's closeness with China is increasing again, is there a connection with Apple-Tesla's shifting? - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Tuesday, June 20, 2023

PM Modi US Visit: Here Modi goes to America, on the other side US's closeness with China is increasing again, is there a connection with Apple-Tesla's shifting?

Prime Minister Narendra Modi has left for his visit to America. Meanwhile, Apple has written a new chapter to export iPhone from India and is trying to bring Tesla to India. At the same time, the closeness of America and China is also increasing. What is a connection after all?

The Prime Minister is currently on a visit to America. He is bound to meet President Joe Biden during his visit that will last from June 21-24. The most important is to invite many American companies to invest in India and shift the supply chain to India instead of China. To keep this point firmly, India also has the success story of Apple iPhone to show. But in the meantime, US Secretary of State Antony Blinken has returned after meeting Chinese President Xi Jinping, what is the whole matter, is there any connection?

First talk about the success story of Apple iPhone. In the last financial year 2022-23, Apple exported iPhones worth $ 5 billion from India. It became the first smartphone company to do so. Now taking the figure of only the first two months of the current financial year 2023-24, a total of Rs 20,000 crore worth of smartphones have been exported from India. Apple iPhone has 80 percent stake in this. In the month of May itself, Apple has exported iPhones worth Rs 10,000 crore from India.

Importance of Modi's US visit

Now talk of PM Narendra Modi's visit to America. The focus of Prime Minister Narendra Modi's visit to the US is going to be on projecting India as the most attractive investment destination for the global supply chain. The reason for this is India being the fastest growing economy in the world, having an emerging middle class and being a big market. Apart from politicians, he is scheduled to meet CEOs of many companies.

At the same time, by showcasing Apple's success story, India's effort will be to explain the benefits of schemes like 'Make in India' and 'Production Linked Incentive' (PLI) to foreign investors. So that they transfer their manufacturing to India instead of China. This includes trying to bring Tesla to India. But meanwhile US Secretary of State Antony Blinken's visit to China seems to have got stuck.

US Secretary of State's visit to China

Relations between the US and China began to sour from the year 2018, which further increased in the post-Covid era. Amid issues such as supporting Russia in the attack on Taiwas Strait, South China Sea and Ukraine, the US Secretary of State Yun's arrival in China has increased the international enthusiasm. At the same time, some experts believe that this visit of the US Secretary of State and the meeting with President Xi Jinping will create new energy in the relations between the two countries.

The US Secretary of State said in a press conference that it was clearly visible that our relations had soured. To overcome it, both the sides felt the need to sit together. The purpose of this visit was to fix the challenges of communication between the two countries, while keeping a clear stand regarding their agreement and disagreements. Now we have to see on which issues we can work together.

At the same time, it was also done on behalf of President Xi Jinping that we have agreed to move forward on common subjects. It was a good meeting, efforts will continue to resolve other issues as well.

But some experts are also linking this visit of the US Secretary of State with putting pressure on China. The way one after the other American companies are looking for a way out of China, America can put pressure on China as per its wish. At the same time, it can create pressure by showcasing the Government of India's scheme like PLI and its benefits to an American company like Apple.

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