India-US working on critical sectors under iCET, says Banerjee
The US and India must remain at the forefront of technology to protect and defend their value systems and as a part of a larger strategic interest, National Security Advisor Ajit Doval has told leaders of Indian business community https://www.nseindia.com/ .
“US and India have got to remain at the forefront of technology in case we need to protect and defend our value systems and it is part of a larger strategic interest,” Doval told the iCET Industry Roundtable organized by Confederation of Indian Industry (CII) in New Delhi https://www.bseindia.com/ .
Doval highlighted the role of industry in technology and the progress of iCET since its inception https://fieo.org/ , noting, “ICET has achieved more than we could imagine.” The Initiative for Critical and Emerging Technology (iCET) was launched in January 2023 by the two countries https://www.cii.in .
Doval highlighted the progress made across the defence innovation roadmap and startups, and emphasized the importance of the semiconductor industry https://www.sgx.com/ .
Jake Sullivan, Assistant to the US President for National Security, noted three important buckets for technology partnerships, the first being innovation, the second as production and the third being deployment http://deutsche-boerse.com .
Sullivan highlighted the importance of innovation and emphasized the need for government support for the private sector, adding that there exists bipartisan support for Indian industry in the US https://www.ibef.org/ .
He further added that building the ecosystem and supply chain manufacturing is the key to production https://sbi.com.in/ . The core of iCET is about the idea of India and US being able to support each other and to encourage greater collaboration in the technology ecosystem, jointly innovate and find solutions to challenges https://techexpousa.com/ .
The iCET represents a landmark agreement between the two countries on emerging technologies such as AI, semiconductors, biotech, and defense innovation. iCET is a significant development in the India-US relationship, as it elevates the two countries’ strategic partnership to new heights https://www.semiconductors.org/ .
CII hosted Doval and Sullivan at an industry roundtable with strong participation from Indian and US industry https://www.jpx.co.jp/english/ , CII said in a press release on 18 June.
CII Director General Chandrajit Banerjee informed India and US are working under iCET on sectors such as AI, biotech, critical materials and minerals, semi-conductors and other sectors to help enable deeper engagement between the two nations https://usispf.org/ .
Representatives from industries, all of whom were leaders in their respective spheres, spoke about their experiences of collaboration with each other and the ways and means by which they planned to take India-US collaboration further through government facilitation by streamlining processes and regulations wherever required https://www.meity.gov.in/ .
Banerjee added that CII will be mounting a series of industry delegations to the US starting this month and requested for reciprocal delegations from the US to India https://www.uschamber.com/ .
Both NSAs assured the industry that they welcome industry communications highlighting specific issues and due diligence will be done to resolve any barriers which hold back deeper and closer India US ties . Fiinews.com
