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00:37If I were to say this,
00:39borrowing an expression from America,
00:43our vision for a developed India
00:46is to make India great again, or MIGA.
00:54When America and India work together,
00:59that is, when MAGA,
01:03when it's MAGA plus MIGA,
01:07it becomes MEGA,
01:11a MEGA partnership for prosperity.
01:15And it is this MEGA spirit
01:21that gives new scale and scope to our objectives.
01:27Friends, today,
01:32we have also set ourselves the target
01:36of more than doubling our bilateral trade
01:41to attain $500 billion by 2030.
01:48Our teams will work on concluding
01:53very soon a mutually beneficial trade agreement.
02:01In order to ensure India's energy security,
02:06we will focus on trade in oil and gas.
02:13Investment in energy infrastructure will also increase.
02:18In the area of nuclear energy,
02:21we also discussed increasing cooperation
02:26on small modular reactors.
02:29Friends, America plays an important role
02:37in India's defense preparedness.
02:41As strategic and trusted partners,
02:45we are moving forward actively
02:48towards joint development, joint production,
02:53and transfer of technology.
02:57In the times to come as well,
03:00new technologies and equipment
03:04will enhance our capacities.
03:09We have decided to launch
03:12the Autonomous Systems Industry Alliance
03:16and a defense cooperation framework
03:20for the next decade will be prepared.
03:25Defense interoperability, logistics, repair,
03:31and maintenance will also be its key components.
03:38Friends, the 21st century is a technology-driven century.
03:46Close cooperation in the area of technology
03:50between countries that believe in democratic values
03:55can give new direction, strength,
03:59and opportunities to the entire humanity.
04:04India and the U.S. will jointly work
04:08in areas of artificial intelligence,
04:12semiconductors, quantum, biotechnology,
04:17and several other technologies.
04:20Today, we also agreed on TRUST,
04:26which stands for Transforming Relationships
04:30Utilizing Strategic Technology.
04:33Don't miss out.
04:34Log on to OneIndia.com for more updates.
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