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India a trusted trading partner in 'friendshoring' strategy: US Treasury Secretary Janet Yellen

November 12, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
US Treasury Secretary Janet Yellen on Friday said that her country's strategy of 'friendshoring' aligns the manufacturing and sourcing of components and raw materials with shared values. Yellen, who is visiting India for the first time as US Treasury Secretary, at the Microsoft India Development Centre, said that the pandemic and Russia-Ukraine war are reasons to further deepen the economic ties between both nations. "India is one of our trusted trading partners. In a world where supply chain vulnerabilities canimpose heavy costs, we believe it's important to strengthen our trade ties with India and the large number of countries that...
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