New Delhi: The Indian Cellular & Electronics Association (ICEA) has arrange a job pressure to make sure that Indo-US electronics commerce goes up from $8 billion to $ 100 billion inside a decade, mentioned the apex trade physique in a press release.
This comes after India and the United States joined forces to drive ahead transformative initiatives, following Prime Minister Narendra Modi’s state go to to the United States final month.
“This will give a significant increase to our efforts to grow to be a worldwide hub for innovation and manufacturing,” mentioned ICEA chairman Pankaj Mohindroo. The trade physique represents electronics ecosystem in India, together with parts, subassemblies, EMS, and completed items throughout numerous ESDM verticals resembling cellphones, shopper electronics, and IT {hardware}.
The organising of Critical and Emerging Technology (iCET) will support in cooperation in futuristic areas resembling synthetic intelligence, quantum computing, house exploration, semiconductors, and defence know-how, the assertion added. The settlement to advertise tech sharing by each governments to advertise insurance policies and adapting rules to facilitate higher know-how sharing, co-development, and co-production alternatives between U.S. and Indian trade, can have a long-term and sustained impression on India’s tech-ecosystem, the assertion mentioned.
“We are assured that this partnership will assist usher in a brand new period of innovation and collaboration between India and the US. The function of lead companies of world worth chains will likely be essential however on the identical time new jobs and alternatives for Indian companies and startups will likely be created,” Mohindroo added.
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Updated: 03 Jul 2023, 10:10 PM IST
