Finance Minister Nirmala Sitharaman met US Ambassador to India Sergio Gor in New Delhi on Wednesday to discuss ways to deepen bilateral economic and financial partnership. According to reports from PTI, both officials had comprehensive discussions on deepening India-US Economic and Financial Partnership, India-US Fin-Tech collaboration, investment opportunities and bilateral cooperation. The discussions took place amid ongoing negotiations for a trade deal between the two nations. As per the finance ministry, both officials had comprehensive discussions on deepening India-US Economic and Financial Partnership, India-US Fin-Tech collaboration, investment opportunities and bilateral cooperation. The meeting also included congratulations from Sitharaman to Gor on the upcoming 250th US Independence Day, highlighting the diplomatic significance of the engagement.
The high-level discussions focused on expanding cooperation across emerging technologies, finance, and innovation-driven sectors. As reported by ANI, US Ambassador Sergio Gor emphasized that with India's participation in Pax Silica, cooperation on critical technology was increasing. The discussions were held under the framework of the US-India TRUST initiative, which focuses on cooperation in artificial intelligence, semiconductors, quantum technologies, biotechnology, energy, advanced materials, critical minerals and space technologies. Both sides also discussed expanding cooperation in vaccine development, CAR-T therapy, AI-enabled diagnostics, regulatory harmonisation and space sector collaboration, including growing private participation in India's space ecosystem.
During the meeting, the Ambassador and Minister reviewed opportunities for strengthening collaboration in skilling, investment, knowledge exchange and industry-led partnerships between the two countries. According to ANI, Jitendra Singh highlighted India's strength in biotechnology research, stating that the country's diverse population and large genetic data pool can support global advancements in precision medicine and AI-enabled healthcare solutions. The Minister informed that under the National Quantum Mission, four thematic hubs have been established in the areas of quantum computing, communication, sensing and metrology, and quantum materials and devices. He also briefed the visiting delegation on India's Research, Development and Innovation Fund, aimed at promoting private sector participation in R&D through long-term financial support at low interest rates.
The meeting occurs at a critical time when India and the US are engaged in negotiations for a trade deal. As reported by PTI, negotiators from both sides had met last month in Washington. A delegation of officials from the US is expected to visit New Delhi soon, although the dates are yet to be finalised. The discussions come as both countries work to resolve trade-related issues between them, with the latest engagement demonstrating continued high-level diplomatic engagement on economic cooperation.
