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The US India Business Council (USIBC) and the Confederation of Indian Industry (CII) organized an industry-driven collaborative effort between the US and India, promoting innovation and fostering the development of critical and emerging technologies. The collaborative effort was organized on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leadership Summit here.
The inaugural discussion roundtable on ‘Decoding the Innovation Handshake’, was addressed by US Secretary of Commerce Gina Raimondo and Minister of Commerce and Industry Piyush Goyal. Also in attendance were Suzanne Clark, president and CEO of the US Chamber of Commerce, and Chandrajit Banerjee, Director General of CII, in the presence of American and Indian private sectors, respectively, alongside founders and c-suite executives from over 30 American and Indian companies.
“The US Chamber of Commerce is proud to be a part of this new initiative to increase innovation and collaboration between the US and India. With the launch of the ‘Innovation Handshake’, both Washington and New Delhi are demonstrating a renewed commitment to the partnership needed to unlock the technology of tomorrow,” said Clarke.
“Fuelled by free enterprise and enabled by pro-growth policies, this new initiative will ensure the US and India work together to reward those who develop solutions to serve customers, solve problems, and strengthen society,” she further said.
The ‘Innovation Handshake’, is a concept developed under the US-India Commercial Dialogue. It was announced as a key component of the bilateral summit held between US President Joe Biden and Prime Minister Narendra Modi in Washington in June.
“The Innovation Handshake signals a joint commitment to strengthen the startup ecosystem and promote cooperation in Critical and Emerging Technologies between India and the United States,” said Minister Piyush Goyal. A CII-led delegation of entrepreneurs and innovators from across India also participated in the program, highlighting specific opportunities and recommendations that would ease operational and early-stage challenges faced by startups in both markets.
