The US Chamber of Commerce’s US-India Business Council (USIBC) hosted US Secretary of Commerce Gina Raimondo, US National Security Advisor Jake Sullivan, and Indian National Security Advisor Ajit Doval prematurely of the inaugural launch of the US-India Initiative on Critical and Emerging Technologies (iCET).

Ambassador Atul Keshap, President of the US-India Business Council and the previous Chargéd’affaires to India, welcomed the Indian and American delegations, together with Indian Ambassador Taranjit Singh Sandhu, on behalf of the US Chamber.

What is iCET

Announced throughout US President Joe Biden and Prime Minister Narendra Modi’s bilateral talks in Tokyo final May, the iCET is spearheaded by the National Security Councils of each international locations and focuses on strengthening the US-India partnership on the applied sciences that may drive world development, bolster each international locations’ financial competitiveness, and shield shared nationwide safety pursuits.

In help of the iCET, the US Chamber of Commerce held a roundtable with business executives throughout the spectrum of superior applied sciences, together with semiconductor design and manufacturing, business electronics, superior telecommunications, business area, aerospace and protection, and knowledge know-how companies. Leadership from academia and enterprise capital corporations additionally participated. In his welcome remarks, Ambassador Keshap expressed that “the US and India should not solely Quad companions, however members of a high-trust ecosystem underpinned by converging pursuits and shared values. The iCET is an incredible discussion board for our two democracies to coordinate on sustaining a free, open, and safe world financial system that may guarantee the longer term happiness of humanity.” 

Ambassador Keshap added “each governments convening the iCET with such a robust business presence on the US Chamber of Commerce demonstrates their recognition that enterprise performs an important function in bolstering the safety and prosperity of each nations.”

US Secretary of Commerce Gina Raimondo attended the roundtable to spotlight the central function the US and India would play in shaping the event of superior applied sciences.

What was mentioned in roundtable 

Roundtable individuals mentioned alternatives to advertise improvement of vital and rising applied sciences akin to quantum computing and synthetic intelligence, with a particular give attention to tips on how to improve educational and authorities analysis exchanges and strengthen their linkages with the personal sector. A key theme all through the roundtable was how each governments may facilitate deeper alignment on know-how points, together with encouraging semiconductor provide chain resilience, deepening the 2 international locations’ analysis and improvement collaboration, strengthening workforce and training connectivity, and selling co-investment and co-development. 

Addressing business executives, NSA Sullivan mentioned that “iCET is about much more than technology cooperation, it’s a platform to accelerate our strategic convergence and policy alignment.” Highlighting the work forward for each governments, Sullivan added that the United States and Indian governments “want to establish a list of ‘firsts’,” “firsts in eradicating limitations—on either side—to allow larger ambition by all of you.”

NSA Sullivan highlighted how iCET will speed up the United States’ strategic know-how partnership with India and advance the 2 international locations’ shared democratic values. He additionally acknowledged the pivotal function that companies, educators, and buyers play, urged attendees to be bold in deepening enterprise and educational ties, and dedicated to working with NSA Doval to take away limitations on either side.

NSA Ajit Doval and Ambassador Sandhu highlighted India’s exceptional capability for know-how improvement and absorption, and emphasised India’s use of know-how not solely as an enabler of financial development however as an instrument of social inclusion.

Both officers recommended the launch of the iCET, given the pure complementary strengths of the Indian and American economies and the rising strategic convergence between each nations. Both officers additionally emphasised India’s rising function a trusted provide chain companion and contributor within the world know-how worth chain, and underlined the significance of easing export management measures to facilitate know-how entry, co-production, and co-development between India and the U.S.

In one of many classes, the roundtable mentioned microchips as a vital know-how and the essential function the US-India relationship may play in constructing a dependable semiconductor provide chain. 

Latest World News