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00:00Our domestic strength and our international position were inherently linked.
00:13And in an era of intense geopolitical competition, he noted that we needed to reinvest in our
00:19own domestic industrial base, our own innovation economy, to strengthen our capacity and strategic
00:26position abroad.
00:28But he was also clear that this was not an approach that we could just pursue on our
00:32own.
00:33We needed to do it together with allies and partners.
00:37Because by building trusted supply chains, by jointly investing in emerging technologies,
00:43and by leveraging our respective advantages, we would all emerge in a stronger position
00:48– the U.S. and all of our friends and partners around the world.
00:52There is nowhere where that theory of the case that President Biden laid out at the
00:56start of his term has more clearly been put into practice and demonstrated than in the
01:02U.S.-India relationship.
01:05Over the last four years, we've joined hands to help halt a pandemic, to bring vaccines
01:11to the world.
01:12We've launched initiatives on jet engines, semiconductors, and clean energy.
01:17And in a few months' time, we'll come together to put an Indian astronaut in space.
01:23These are remarkable achievements, and we made them by harnessing the remarkable innovation
01:28of the American and Indian people.
01:32Here at IIT Delhi, there are impressive young entrepreneurs who are designing everything
01:38from AI-enabled robotics to military-grade sensors.
01:43Ventures that I'm proud to say are being supported by the United States through partnerships
01:47with New York University, the U.S. National Science Foundation, and the U.S. Space Force.
01:54And that's really what I'd like to say more about today – how we've done things
01:59like this here at IIT Delhi, but done it at scale, across the board.
02:04How we've taken the U.S.-India partnership to a fundamentally new level over the last
02:09four years, with innovation at its core, and how that is playing out bilaterally, regionally,
02:16and globally.
02:17First, we started by transforming our bilateral technology partnership.
02:23When President Biden came to office, he knew that Make in India and Made in America are
02:28not incompatible concepts.
02:29In fact, they are complementary.
02:32And that's why in 2022, as you've heard, our administration launched the Initiative
02:37on Critical and Emerging Technologies with India – ICET.
02:42Now, as Ambassador Garcetti laid out, this is not just something that springs into existence
02:48by osmosis or by some magical, abstract creation.
02:54It's through people – and people in senior positions in government, and people throughout
03:00the government, and then throughout the scientific community, the private sector, and beyond.
03:05But one person in particular that I would like to recognize is my counterpart, the Indian
03:10National Security Advisor, Ajit Doval, because it was in part his vision that technology
03:17and particularly advanced technologies of the future would be a propellant for the U.S.-India
03:24relationship in a way that could take our two countries forward, advance our respective
03:29interests, protect our respective values, and build a better world for everybody.
03:36And through this partnership, through this initiative, and through so many other things
03:40that Ajit and I have had to deal with over the course of the past four years, he and
03:44I have developed a deep personal relationship, a deep professional relationship.
03:49And it is that relationship in part, I believe, that has helped play such a critical role
03:54in ensuring that the U.S.-India partnership has reached that new high level that I talked
04:00about before.
04:02Now, the fundamental premise of ICET is that in an era of renewed geopolitical competition,
04:07the U.S. and India have to collaborate on the development, diffusion, and protection
04:12of critical technologies, from artificial intelligence to biotechnology and beyond.
04:18This is our responsibility as the world's two largest democracies, as two large and
04:23fast-growing economies, and as leading Indo-Pacific powers.
04:28And as we mark the second anniversary of ICET this month, we've proven just how impactful
04:34that deepened collaboration can be across both of our economies and both of our innovation
04:38ecosystems.
04:40Just look at Vikram Solar, which announced plans last year for a $1.5 billion investment
04:47in solar manufacturing in the United States.
04:51Or Bharat Forge, which in 2021 opened the first U.S. greenfield aluminum forging plant
04:57in over 15 years.