Modi tries to deepen US tech ties
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 22 June 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
India’s prime minister Narendra Modi is set to address the US Congress today, and US regulators are accusing Amazon of duping customers into signing up for its Prime service without their consent. Plus, Italy has stripped China’s Sinochem of its influence as the largest shareholder in the Italian tyremaker Pirelli.
Mentioned in this podcast:
India’s Narendra Modi embarks on US state visit to deepen defence and tech ties
Washington’s embrace of Modi carries a price
FTC alleges Amazon ‘tricked and trapped’ customers with Prime subscriptions
Italy strips China’s Sinochem of its influence as Pirelli’s largest investor
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.1 | Good morning from the Financial Times. Today is Wednesday, June 22nd, |
| 0:14.0 | and this is your FT News Briefing. |
| 0:18.8 | India's Prime Minister is in Washington today, and US regulators are cracking down on Amazon. |
| 0:25.9 | Plus, Italy is trying to protect one of its companies from Chinese influence. |
| 0:30.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:42.8 | India's Prime Minister, Narendra Modi, is on a trip to the US this week. |
| 0:46.6 | He kicked it off on Tuesday, smoothing with tech leaders like Elon Musk. |
| 0:50.8 | And today he's addressing Congress. John Reed is the FT South Asia Bureau Chief, |
| 0:55.7 | and he says Modi's visit comes at a time when relations between India and the US are at a high point. |
| 1:01.9 | I think there is a meeting of minds, and this comes from both sides, |
| 1:06.2 | that India and the US can be partners in standing up as Democratic counterweights to try |
| 1:15.0 | and I think we'll see a lot of activity in this visit around areas where the two countries |
| 1:22.1 | have been drawing closer together. And these include technology, critical technologies, |
| 1:27.9 | like semiconductors and AI. This includes defense, where India is trying to reduce its reliance |
| 1:35.6 | on Russian armaments and equipment. And John says Modi could sign some industry-related |
| 1:41.6 | deals as a result of the trip. There may be something around cooperation on semiconductors, |
| 1:48.5 | on microchips. There's also likely to be a deal with general electric to make jet engines |
| 1:55.7 | locally in India. Now this is something that India really wants. It wants to boost jobs |
| 2:01.6 | and manufacturing generally. So making engines in India will allow India to retool its current |
| 2:09.0 | fleet of aircraft and begin retiring more of the Russian jets that currently dominate its fleet. |
... |
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