The 2 sides took up the problems on the sixth assembly of the India-US CEO Discussion board, which was co-chaired by commerce and trade minister Piyush Goyal and US Secretary of Commerce Gina Raimondo in Washington on Wednesday.
“Our discussions centered on prospects of tech and R&D collaboration in vital sectors akin to defence, area, semiconductors, telecom, AI and clear power,” Goyal stated in a publish on X.
They mentioned the pathway for strengthening bilateral cooperation in vital minerals provide chains as really helpful by the US-India CEO discussion board.
The Discussion board convened as a platform to permit personal sector members to develop and supply suggestions to the 2 governments that mirror the personal sector’s views, issues and recommendations in regards to the creation of an surroundings by which the bilateral financial hyperlinks are strengthened. The Discussion board works in tandem with, and supplies inputs to, government-to-government US-India Industrial Dialogue.
“We additionally mentioned alternatives for US investments in upcoming 20 industrial cities in India to foster mutual progress,” Goyal added.India is creating 20 industrial good cities throughout states to spice up native manufacturing and Make in India and 12 of them have been
authorized by the Cupboard final month.
The CEO Discussion board members characterize a complete of twenty-two US firms and 25 Indian firms.
The CEOs, below the seven working teams, introduced precedence areas to create stronger partnerships and increase progress throughout varied vital areas akin to Entrepreneurship and Selling Small Companies, Healthcare and Prescribed drugs, Aerospace and Defence, ICT and Digital Infrastructure.
“Authorities representatives and CEOs reaffirmed their dedication to strengthening industrial and commerce ties, driving financial progress and innovation, and fostering a resilient bilateral partnership,” commerce and trade ministry stated in a press release.
The 2 sides additionally deliberated on the progress made as of the final assembly of the Discussion board in March 2023, together with the launching of innovation handshake and a information sharing platform known as NIHIT (Community for Innovation and Harnessing Investments and Commerce).