While the American-Indian relationship continues to flourish, business leaders have converged in New Delhi for the Summit of India Ideas in the Chamber of Commerce of the United States.
“Partnership and prosperity in the AI era and critical technologies”, the Summit of Ideas of India on September 12, 2024, summoned the main leaders of the United States and the Indian government to accelerate the ambitious course because The two countries to make sure that technology serves the whole world. GOOD.
“The American-Indian relationship is stronger than ever”, Amb. Attul Keshap, president of the USIBC, said to the opening plenary. “This conference highlights our shared vision of a brighter and more stable world, based on confidence and cooperation. Together, we aim to guarantee the happiness of our people and the global community. Our partnership is ambitious and reflects The values of the 8.3 billion in the world of people who love freedom.
Transform American technological collaboration
The realization of the common vision of Washington and New Delhi to achieve the full potential of the American economic, strategic and technological relationship of India, USIBC – now in its 49th The year – is made up of more than 200 member companies of the two countries employing tens of millions of people and providing world -class products and services to our 1.7 billion combined citizens.
In recent years, the USIBC has worked closely with the heads of government and business of the whole American-Indian corridor to promote our technological convergence, in particular accommodation The first song 1.5 talks about the ICET, organizing the first and second cycles of the Defense Defense Ecosystem in India-US (Industry) between the United States Defense Ministry and the Indian Defense Ministry , and organizing the first two rounds of the United States- India “Handle of innovationBetween the United States Ministry of Commerce and the Indian Ministry of Commerce. This year, USIBC has also launched the AI working group (AI-TF) Promote responsible policy and development of ethical AI and better align the United States and India in the next technological border.
“India’s digital innovation in the past 10 to 15 years has helped evolve the economy,” said Ananth Nag, regional vice-president, India, Anase and GCR, Zscaler. “The next 20 years will depend on the digital infrastructure provided by the government – and so that India goes from an economy of $ 4 billions to an economy of $ 50 billions, organizations in the digital space will be essential .
Embrace democracy in the midst of global uncertainty
The American-Indian relationship is increasingly important in the context of increasing geopolitical uncertainty, in particular in Indo-Pacific, which houses critical supply chains and the demographic and economic growth markets of the future . While tensions in the Indo-Pacific boom, the deepening of economic, innovations and security ties of the United States, in India, is more critical than ever-a fact underlined during the historical visit of the state of Last year by Indian Prime Minister Narendra Modi.
USIBC pleaded for the co -production and alignment of American defense launch and leadership of the industrial initiative. The Summit of Ideas has advanced many of these commitments, in particular by helping India reaching $ 5 billion in defense exports.
“India and the United States are not only in an additive relationship, but in a multiplicative relationship,” said ambassador Eric Garcetti, United States ambassador to India. “We have crossed $ 200 million in double -sense commerce, creating countless records. We are two nations focused on the construction of peace, linking our manufacturing together. Peace is a predicate for prosperity, and we want to find Ways in which our actions can increase the pie together. .
Defend the economic equality of the sexes
The economic empowerment of women is vital to promote peace and stability and the construction of resilient economies. As evidenced by the last annual budget of India, the initiatives of the economic empowerment of women are frontal, because the Indian government works with the private sector to promote the participation of the workforce for more than 650 million Indian women.
The USIBC has participated in the workforce of women an important subject of discussion at the top.
“In the past five years, we have found an encouraging increase of 13% of women’s participation in the workforce, going from 23.3% in 2017-2018 to 37% in 2022-23”, the ‘Honorable Minister of Women and Development of the SMT child. Annapurna Devi said. “To achieve our vision of economic growth, we have to speed up this trend so that each woman can achieve her potential. Therefore, it is crucial for the private sector to open its doors to women. With business support, participation in 50% of women’s workforce is not only achievable, but essential for the future economic success of India. »»
Hired in America, hired in India
Cooperation in critical and emerging technologies will create high -value and highly qualified jobs for Americans and Indians. India, which houses a fifth of the world’s population and a young educated workforce, and the United States, which house major universities, advanced technologies and global innovation centers, constitute a formidable engine of growth.
USIBC – USIBC and Indian – are the main sources of jobs in the official sectors of the two countries. While India reinstates its historic place as a global power, its private sector is increasingly looking outside, including in the United States recently, the investment between the United States and India begins to Looking like a two-way street: there are now more than 160 Indian companies with operations in the United States, employing nearly 500,000 Americans and investing nearly $ 40 billion in the American economy.
With the economy of India approaching 4 dollars, on the way to become the third world by 2027, its government preparing to spend massively on the expansion of young people and the United States in competition For foreign direct investment, the Summit of Ideas of India presented discussions on job creation, competence in terms of competence and promote investments in the two countries.
“The United States is one of the most important partners in India with various levels of partnership existing between the two countries, ranging from investments to the reduction of the labor market”, the Department of India for promotion From the trade in industry and international trade, the Ministry of Commerce and Industry, the joint secretary Himani Pande said during the summit. “With major ticket regimes announced for the skills and reskulling of this year’s budget, people are now heading for digital transformation for a talent basin for both nations.”
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The top of India’s ideas is a powerful demonstration of our countries’ shared confidence. Whether you are a long -standing Indian observer, interested in the latest technologies or considering how your business is positioned in this new world, join the conversation and follow Usibc X And Liendin.
About authors
Martha Lewand
Martha Lewand is an international communications trainee in the United States Chamber of Commerce.