Several United States (US) technology firms are considering establishing innovation centres in India to tap the country’s skilled technology workforce, Mukesh Aghi, president, and CEO of the US-India Strategic Partnership Forum, said in an interview.
This comes after US tech major Applied Materials announced a $400 million investment to build an innovation centre in India.
In a bid to boost technology flows between the two countries, Aghi said USISPF is looking to bring Indian startups to the US.
The deepening of the economic relationship has coincided with tensions with China. Aghi believes that the China Plus One strategy is accelerating among US firms and India can be a key beneficiary.
However, further reforms will be needed. USISPF, Aghi said, is pushing for legislative changes to allow for easier skilled immigration to the US.
Source: https://www.livemint.com/
About US-India Strategic Partnership Forum (USISPF)
The US-India Strategic Partnership Forum (USISPF), formed in 2017, is an independent non-profit, non-governmental, and non-partisan organization headquartered in Washington, D.C., with offices across both countries.
Through its network of 400+ global companies, USISPF bridges the gap between business and government and fosters closer public-private sector partnerships across all facets of the economy and society in the United States and India.
Source: https://usispf.org/
