India-US friendship will ensure global peace, stability: PM Modi to Joe Biden in Tokyo

"The India-USA Strategic Partnership is truly a Partnership of Trust. Our shared values, and our common interests in many areas, including security, have strengthened the bonds of this trust," PM Modi said during his meeting with Biden on Tuesday.

He said people-to-people relations and close economic ties between the two nations "make our partnership unique."

Speaking on trade and investment, PM Modi said: "I am sure that with the India-USA Investment Incentive Agreement between us, we will see concrete progress in the direction of investment."

The governments of India and of the United States signed an Investment Incentive Agreement (IIA) on Monday in Japan's Tokyo.

PM Modi said both countries are increasing the bilateral cooperation in the field of technology, and also strengthening mutual coordination on global issues.

The leaders exchanged views on regional issues of mutual interest including South Asia and the Indo-Pacific region, reaffirming their shared vision for a free, open and inclusive Indo-Pacific region.

"Both our countries share the same perspective about the Indo-Pacific region and are working to safeguard our shared values and common interests not only at the bilateral level but also with other like-minded countries," he said.

The Indian Prime Minister welcomed the launch of the Indo-Pacific Economic Framework for Prosperity (IPEF) and stated that India is ready to work closely with all partner countries to shape a flexible, and inclusive IPEF taking into consideration the respective national circumstances.

"Quad and IPEF announced yesterday are active examples of this. Today our discussion will impart greater speed to this positive momentum," the PM added.

They agreed to continue their useful dialogue and pursue their shared vision of taking the India-US partnership to a higher level.