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India, US Comply with Strengthen Cooperation in Pharma, Semiconductors, Essential Minerals – News18


This was the eighth meeting of the forum since its reconstitution in December 2014. (Image: Shutterstock)

This was the eighth assembly of the discussion board since its reconstitution in December 2014. (Picture: Shutterstock)

The 2 international locations additionally mentioned collaborative alternatives in inexperienced and clear applied sciences; and strengthening partnership in crucial applied sciences, the commerce ministry mentioned

India and the US have agreed to strengthen cooperation in sectors like prescription drugs, semiconductors, crucial minerals and rising applied sciences, an official assertion mentioned on Friday. The 2 international locations additionally mentioned collaborative alternatives in inexperienced and clear applied sciences; and strengthening partnership in crucial applied sciences, the commerce ministry mentioned.

These key areas emerged from the discussions in the course of the assembly of Commerce and Trade Minister Piyush Goyal and US Secretary of Commerce Gina Raimondo at a evaluate assembly of the India-US CEO Discussion board nearly final night time. ”As each side are centered on nearer engagement based mostly on belief, following key areas emerged from the discussions — provide chain cooperation throughout pharma, semiconductors, crucial minerals and power; collaborative alternatives in inexperienced tech and scaling up manufacturing for clear tech; and strengthening partnership in crucial and rising applied sciences,” it mentioned.

Raimondo urged the CEO Discussion board to grab the present momentum and implement the pivotal suggestions outlined by the discussion board members. She additionally introduced the inclusion of 4 new members within the discussion board from the US trade together with Honeywell, Pfizer, Kyndryl, and Viasat.

The Discussion board, comprising CEOs from main Indian and US-based corporations, is co-chaired by N Chandrasekaran, Chairman, Tata Sons, and James Taiclet, President and Chief Govt Officer, Lockheed Martin. This was the eighth assembly of the discussion board since its reconstitution in December 2014. It’s a key advisory non-public sector physique to India-US Business Dialogue, and it witnessed participation from 27 CEOs from each side.

The subsequent assembly will happen early subsequent yr. Goyal inspired the trade to leverage platforms just like the Semiconductor Provide Chain and Innovation Partnership, Innovation Handshake, India-Center East-Europe Financial Hall and International Biofuels Alliance and discover collaborative alternatives.

He ”acknowledged the contributions made by the Discussion board members which have guided the Authorities to undertake concrete reforms together with doubling of export worth threshold for courier customs clearance, inclusion of a separate chapter on e-commerce in International Commerce Coverage,” it added.

(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – PTI)

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