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Thursday, September 24th, 2020

Need to focus on co-creation and co-development of technologies between India and USA

INVC NEWS
New Delhi,  

Strong IP protection, cross-border freer flow of data and access to public data are important elements for innovation ecosystem”, said Isabella Detwiler, Deputy Counsellor for Economic Affairs, Environment, Science Technology, US Embassy, New Delhi.

Ms. Detwiler also recognised that both the countries have come a long way with strong and institutional partnership between the two. She also touched upon the close and personal relationship between Prime Minister Modi and President Trump. She emphasised the importance of innovation and the need for predictable transparent rules to be able to create an ecosystem for innovation to flourish in India.

She was speaking at an event on Fostering Indo-US Innovation Cooperation for Mutual Prosperity, organised by CUTS International – Washington DC Centre along with USIBC today in New Delhi.

Pradeep S Mehta, Secretary General, CUTS International, noted that for India, innovation and entrepreneurship remain critical for increasing productivity, economic growth and development. U.S. interests lie in the market potential and talent pool that India can provide to its innovation centric companies. Furthermore, developing an alliance between India and the U.S. on digital and cyberspace issues is the need of the hour. The core objectives, among others, should aim at fostering innovation, development, and defensive mechanisms, which includes a road map for Artificial Intelligence.

Mrs Ambika Sharma, Managing Director, US India Business Council in her address underscored the importance of key sectors including digital economy, education, energy and defence as strategic sectors for potential for India and US partnership. She emphasised the challenges of energy deficit in India and the need to scale up cutting edge RE technologies. In the space of defence, there is a need to focus on co-creation and co-development of technologies between India and USA.

Other participants in the conference included Dr Arvind Mayaram, Member, CUTS WDC Management Board & Former Finance Secretary who touched upon the importance of just transition and to ensure that we don’t leave behind people while moving on from fossil fuels to clean energy technology; Mr. Yaduvendra Mathur, Former Special Secretary, NITI Aayog, who shared details about the Atal Innovation Centre and establishment of tinkering labs in 7000 schools with the aim to cover 50,000 schools, etc, among several other dignitaries, industry representatives and participants.

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