The Indian Cellular & Electronics Association (ICEA) has set up a task force to ensure that the Indo-US electronics trade goes up from $8 billion to $100 billion by 2033. This comes after India and the US joined forces to drive forward transformative initiatives.
According to ICEA, this will give a major boost to the country’s efforts to become a global hub for innovation and manufacturing. The setting up of critical and emerging technology (iCET) will aid in cooperation in futuristic areas such as artificial intelligence, quantum computing, space exploration, semiconductors, and defence technology.
ICEA added that the agreement to promote tech sharing by both governments to promote policies and adapting regulations to facilitate greater technology sharing, co-development, and co-production opportunities between the US and Indian industry, will have a long-term and sustained impact on India’s tech ecosystem.
