Stressing the critical importance of United States as strategic trade partner for India, the\u00a0Union Commerce and Industries Minister Suresh Prabhu\u00a0said a vital India-US strategic commercial dialogue will be held in New Delhi in December, 2018.<\/p>\n
\u201cThe commerce secretary and high level delegation from US will come to have detailed discussion with their Indian counterparts to strengthen the commerce tie-up and chart our future agenda for both the nations\u201d, Prabhu said here in his inaugural speech at the Indo-Amercian Chamber of Commerce. The Annual convention theme for IACC this year is \u201cIndo-US Economic Relations\u201d Building a Durable Partnership\u201d.<\/p>\n
\u201cWe have identified key industries and sectors, where we can work in tandem with US and utilize their high-end technology\u201d, the minister said.<\/p>\n
The minister said that the government will unveil the new industrial policy soon. A key thrust in the proposed policy, which will replace the Industrial Policy of 1991, is to reduce regulatory hurdles and encourage adoption of technologies of the future such as artificial intelligence and robotics.<\/p>\n
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Speaking on the occasion,\u00a0Kenneth I Juster, US Ambassador to India, said \u201c\u201cIndia can seize the strategic opportunity\u2014through trade and investment\u2014to become an alternative hub for U.S. business in the Indo-Pacific region.\u201d He stressed that \u201cfurther opening India\u2019s market to U.S. trade and investment will spur our collaboration on many emerging technologies that will drive and protect our economies, including those related to advanced manufacturing, cyber security, and artificial intelligence.\u201d<\/p>\n
Earlier,\u00a0PP Chaudhary, Union Minister of State (Law & Justice and Corporate Affairs) said\u00a0cooperation in the field of Science and technology between the scientific communities of the two countries is a pillar of vibrant India-US relationship. \u201cAmerican cooperation in this field will catalyse India\u2019s start-up ecosystem. This area is also the key driver for innovation and job creation in both the countries and hence, it needs to take a centre stage\u201d, he said.<\/p>\n
Chaudhary said both India and US are fully committed to clean energy. \u201cWe are also looking forward to full implementation of the civil nuclear energy partnership and collaboration between Nuclear Power Cooperation of India Limited and Westinghouse Electric Company for the establishment of six nuclear power plants in India. Once operational, these power plants will go a long way in solving our energy woes and will also help in the conservation of environment\u201d, he added.<\/p>\n
In his address at the inaugural session,\u00a0Vasant Subramanyan, National President, IACC,\u00a0said \u201cthe theme\u00a0Indo-US Cooperation: Building a Durable Platform,\u00a0has been selected with wider consultation among stakeholders to make it reflect the present trajectory that the bilateral relationship is passing through\u201d.<\/p>\n
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Stressing the critical importance of United States as strategic trade partner for India, the\u00a0Union Commerce and Industries Minister Suresh Prabhu\u00a0said a vital India-US strategic commercial dialogue will be held in New Delhi in December, 2018. \u201cThe commerce secretary and high level delegation from US will come to have detailed discussion with their Indian counterparts to […]<\/p>\n","protected":false},"author":3,"featured_media":2172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[1785,1786,1784,1787,1788],"class_list":["post-2171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ey-industries-and-sectors","tag-indias-start-up-ecosystem","tag-indo-us-economic-relations","tag-nuclear-power-cooperation-of-india-limited","tag-westinghouse-electric-company"],"aioseo_notices":[],"yoast_head":"\n