New Delhi, Jan 12 (KNN) The United States Chamber of Commerce’s Global Innovation Policy Centre (GIPC) launched an innovation initiative in India to examine economic underpinnings to enable breakthrough innovation.

The initiative titled "Fair Value for Innovation" was launched at the Raisina Dialogue 2019 in New Delhi, which will explore how policymakers can harness innovation capital in India and around the globe, the industry chamber said in a statement.

Senior Vice President of GIPC said “The promise of India's innovation ecosystem is real, and the US industry has a stake in it.”

"We believe India is ideally positioned as a thought-leader and regional economic power to help bring the benefits of innovation in AI (artificial intelligence)," said Amitabh Kant, NITI Aayog Chief Executive .

The Raisina Dialogue is an annual conference on geopolitics and geo-economics, organised jointly by the Observer Research Foundation and the External Affairs Ministry.