Apple, Google Expanded Phone Production in India; More US Firms to Explore Tech Sector: US Treasury Secretary
United States Treasury Secretary Janet Yellen on Saturday said that technology companies like Apple and Google have expanded their phone production in India, and as the US looks forward to the future, she is eager to deepen ties in the technology sector. United States Treasury Secretary Janet Yellen was speaking at the roundtable with US and Indian Tech Business Leaders in Bengaluru on the sidelines of the first Finance Ministers and Central Bank Governors meeting under the India's G20 Presidency. "I am eager to deepen out ties in the technology sector. The US is advancing an approach called "friendshoring" to bolster the resilience of our supply chains. We are doing this by strengthening integration with our many trusted trading partners-including India. We are seeing progress, as an example, technology companies like Apple and Google have expanded their phone production in India," Yellen said. Janet said through the Partnership for Global Infrastructur...