US & India to facilitate an innovation forum; standards portal for SME use
Updated: Sep 23, 2015 03:19:14pm
New Delhi, Sept 23 (KNN) Emphasising the focus on innovation and entrepreneurship as an area for cooperation, US and India have agreed to facilitate an innovation forum in 2016, a platform for entrepreneurs of both countries to share best practices in promoting a culture of innovation and the creation of sister innovation hubs.
This was stated in a joint statement issued at the first US-India strategic and commercial dialogue held on Tuesday at Washington DC, according to an official release.
The joint statement covered a host of issues such as strategic cooperation on global issues, economic growth, defence and security cooperation, energy and environment.
Those present at the meeting included United States Secretary of State, John Kerry and Secretary of Commerce, Penny Pritzker, India’s External Affairs Minister, Sushma Swaraj and Minister of State for Commerce and Industry, Nirmala Sitharaman.
The sides also announced a private sector-led collaboration between the Confederation of Indian Industry (CII) and the American National Standards Institute (ANSI) to maintain and update a portal containing standards information for the use of industry, including small and medium-sized enterprises.
They underlined the importance of building commercial ties to drive their partnership forward, even as they reviewed the outcomes of the first meeting of the reconstituted and expanded US-India CEO Forum held on September-21.
In addition, the two countries launched a joint work stream on Ease of Doing Business. They agreed to continue exchanges of information and best practices on cross-border trade, and to continue commercial law-related initiatives on issues like insolvency and contract enforcement, and transparency. Further, they will expand cooperation through quarterly discussions on these and other related issues, as may be mutually decided, taking note of the US-India Commercial Dialogue on investment promotion initiatives held in August 2015.
Efforts toward the removal of barriers that impact their participation in global supply chains and sustained implementation of trade facilitation measures were welcomed by the two sides. They endorsed continued discussions on Standards, in consultation with industry in both countries that will identify priority sectors where cooperation could lead to positive outcomes for bilateral trade.
In addition, they agreed to explore opportunities for cooperation in the development of reference materials between the National Physical Laboratory (NPL) in India and the National Institute of Standards and Technologies (NIST) in the United States. With a view to minimizing regulatory barriers to bilateral trade, they committed to exchanges between certain regulators.
Building on the success of the 2014 US-India Commercial Dialogue on corrosion control, the parties agreed to continue this public-private collaboration. Also, they recognized India’s work to launch a National Mission on Corrosion Control Technologies and Standards.
Both the countries will facilitate exchanges on Technical Textiles between centres of excellence in India and US universities. They will encourage industry to participate in trade exhibitions focused on Technical Textiles in their respective countries. They are likely to collaborate on standards in this area, and to address concerns regarding barriers to technical textile exports in the relevant work stream.
India and US committed to accelerating progress in infrastructure collaboration. Both sides welcomed the start of Smart City master planning activities in Vizag led by a US private sector consortium. Building on this momentum, the US looked forward to working with the Indian Ministry of Urban Development on a Smart Solutions for Smart Cities Reverse Trade Mission visit to the United States coordinated by the US Trade and Development Agency. India welcomed a Smart Cities Infrastructure Business Development Mission in February 2016 led by the Deputy Secretary of Commerce.
In addition, they agreed to discuss a mutually agreed action plan and joint initiatives, including capacity building, to carry forward cooperation on women's economic empowerment, among other women’s issues.
According to the release, the US is ready to assist in India’s ambitious goal of providing skills training to 400 million people over the next decade. In anticipation of the next Higher Education Dialogue, the US intends to create new programs to build capacity for curriculum and teacher development. (KNN Bureau)
This was stated in a joint statement issued at the first US-India strategic and commercial dialogue held on Tuesday at Washington DC, according to an official release.
The joint statement covered a host of issues such as strategic cooperation on global issues, economic growth, defence and security cooperation, energy and environment.
Those present at the meeting included United States Secretary of State, John Kerry and Secretary of Commerce, Penny Pritzker, India’s External Affairs Minister, Sushma Swaraj and Minister of State for Commerce and Industry, Nirmala Sitharaman.
The sides also announced a private sector-led collaboration between the Confederation of Indian Industry (CII) and the American National Standards Institute (ANSI) to maintain and update a portal containing standards information for the use of industry, including small and medium-sized enterprises.
They underlined the importance of building commercial ties to drive their partnership forward, even as they reviewed the outcomes of the first meeting of the reconstituted and expanded US-India CEO Forum held on September-21.
In addition, the two countries launched a joint work stream on Ease of Doing Business. They agreed to continue exchanges of information and best practices on cross-border trade, and to continue commercial law-related initiatives on issues like insolvency and contract enforcement, and transparency. Further, they will expand cooperation through quarterly discussions on these and other related issues, as may be mutually decided, taking note of the US-India Commercial Dialogue on investment promotion initiatives held in August 2015.
Efforts toward the removal of barriers that impact their participation in global supply chains and sustained implementation of trade facilitation measures were welcomed by the two sides. They endorsed continued discussions on Standards, in consultation with industry in both countries that will identify priority sectors where cooperation could lead to positive outcomes for bilateral trade.
In addition, they agreed to explore opportunities for cooperation in the development of reference materials between the National Physical Laboratory (NPL) in India and the National Institute of Standards and Technologies (NIST) in the United States. With a view to minimizing regulatory barriers to bilateral trade, they committed to exchanges between certain regulators.
Building on the success of the 2014 US-India Commercial Dialogue on corrosion control, the parties agreed to continue this public-private collaboration. Also, they recognized India’s work to launch a National Mission on Corrosion Control Technologies and Standards.
Both the countries will facilitate exchanges on Technical Textiles between centres of excellence in India and US universities. They will encourage industry to participate in trade exhibitions focused on Technical Textiles in their respective countries. They are likely to collaborate on standards in this area, and to address concerns regarding barriers to technical textile exports in the relevant work stream.
India and US committed to accelerating progress in infrastructure collaboration. Both sides welcomed the start of Smart City master planning activities in Vizag led by a US private sector consortium. Building on this momentum, the US looked forward to working with the Indian Ministry of Urban Development on a Smart Solutions for Smart Cities Reverse Trade Mission visit to the United States coordinated by the US Trade and Development Agency. India welcomed a Smart Cities Infrastructure Business Development Mission in February 2016 led by the Deputy Secretary of Commerce.
In addition, they agreed to discuss a mutually agreed action plan and joint initiatives, including capacity building, to carry forward cooperation on women's economic empowerment, among other women’s issues.
According to the release, the US is ready to assist in India’s ambitious goal of providing skills training to 400 million people over the next decade. In anticipation of the next Higher Education Dialogue, the US intends to create new programs to build capacity for curriculum and teacher development. (KNN Bureau)
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