PM Modi addressed virtual India Ideas Summit 2020

Prime Minister Narendra Modi delivered the keynote address at the two days long (July 21-22) virtual India Ideas Summit 2020 which was hosted by US-India Business Council (USIBC) under the theme “Building a Better Future”. The year 2020 marked the 45th anniversary of the formation of the Council.

Daily Current Affairs Quiz 2020

Key-Points

The Summit is being hosted by the US-India Business Council (USIBC), a Washington-based business advocacy group.

USIBC was formed in 1975 as a business advocacy organization to encourage the private sectors of both India and United States to enhance investment flows.

Former United States Department of State official Nisha Biswal serves as the current chairman of USIBC. She is assisted by a board of directors.

In 2017, USIBC announced a collaborative initiative titled Women for Women Innovators, Social Leaders, & Entrepreneurs (WISE) to offer leadership, mentoring, and development opportunities for women entrepreneurs and innovators.

The US and India are negotiating a co-development programme for the air-launched unmanned aerial vehicle (UAV), between US Air Force research labs, Indian Air Force (IAF), India’s Defence Research and Development Organisation (DRDO), and an Indian start-up company. US want to become India’s first choice in defence solutions.