Pitching for a robust two-way trade in advanced technology products with the US, India today said it has offered guarantees that sensitive technology would not be diverted in contravention of US regulations.
Pitching for a robust two-way trade in advanced technology products with the US, India today said it has offered guarantees that sensitive technology would not be diverted in contravention of US regulations.
On the eve of the first India-US strategic dialogue, external affairs minister SM Krishna sought strengthening of bilateral cooperation in the field of innovation and advanced technology.
"We have given a number of written assurances that US technology will enjoy the level of security stipulated by the
relevant US laws and not be diverted in contravention of US
regulations," Krishna said in his address to the 35th anniversary of US India Business Council, attended by top leaders of the American corporate world including the PepsiCo chief Indra Nooyi.
To press his point, he also cited that the End Use Monitoring Agreement has been in place between India and many other countries and asserted that Indian importers had a "100%" compliance record when it comes to safeguarding imported technology.
"I am absolutely confident that the emphasis, going forward, must be on the India US partnership in high technology cooperation and innovation that will generate prosperity for both our peoples in the years to come," he said.
As India seeks advanced sensitive technology imports from the US, Krishna said: "We have been implementing the End-Use Verification Agreement with US partners for years now and have, last year, agreed to a Technical Safeguards Agreement in space co-operation. We also have the End Use Monitoring arrangement for defence acquisitions".
With this background and the trust built as "strategic partners", he said, the two nations should be able to create an environment for "a robust two-way trade in advanced technology products".
Krishna said Indian importers have a 100% compliance record when it comes to safeguarding imported technology.
He said as the Indian economy grows and the US economy regains its momentum following a recessionary phase, the trade
and investment figures can multiply exponentially.
"We must go beyond that, make innovation the defining principle of our cooperation, and achieve its true potential," he said.
He noted that Indian and American businesses have had a proven track record of partnership in innovation, including
in the fields of civil nuclear cooperation to 'Chandrayaan'
and FutureGen.
Krishna said the two countries can further build cooperation in tracking monsoons, warning of natural disasters, guiding cultivators and farmers with environment predictability, crossing frontiers in e-learning, e-health and bringing about the e-revolution that one had only imagined a few decades ago.
"While we explore the immense opportunities for collaboration, I would also say that we must explore new designs that reduce resource intensity and have a low environmental impact.
"Clean energy, healthcare, agriculture, science and technology, space and security are just some areas on which we are working to step up India-US collaboration," he said.
"I would especially emphasise the importance of innovation that places products and services within reach of the weakest and poorest in our societies," Krishna said.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}