India seeks clarity on Indo-Pacific business framework before talks with US

New Delhi, Mar 11 (KNN) The central government is looking for more clarity on the trade pillar pitched under the Indo-Pacific Economic Framework (IPEF) before it agrees to join talks with the US. 

India seems to be in no rush to enter into an agreement with the western super power and has chosen to take its time to review the potential framework.

IPEFis engaging on four pillars — trade, supply chains, clean energy and infrastructure and tax and anti-corruption — with New Delhi engaged in all pillars other than trade. 

While the US has made it clear that it is for India to decide how it wants to move, the government wants the details to be known before committing to engage in discussions.

US commerce secretary Gina Raimondo, who was upbeat on American companies investing in India, said that fund flow could get a further fillip due to IPEF. 

Union Minister Piyush Goyal and US Secretary Raimondo noted that deepening economic engagement among IPEF partner countries is crucial for continued inclusive growth, peace, and prosperity in the Indo-Pacific region.  (KNN Bureau)