March 28, 2024 20:47 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Comments on our electoral, legal processes completely unacceptable: India on US' remarks over Kejriwal arrest | Delhi High Court rejects PIL seeking removal of Arvind Kejriwal as CM | MHA extends AFSPA in 3 districts of Arunachal Pradesh for 6 months | Encourage fair, transparent and legal process: US comments again on Kejriwal's arrest | India and China discuss border disengagement: EAM
US commitment on improving IT market access big positive for India, says ASSOCHAM

US commitment on improving IT market access big positive for India, says ASSOCHAM

India Blooms News Service | | 28 Jun 2017, 05:55 pm
New Delhi, June 28 (IBNS): ASSOCHAMon Wednesday welcomed the India-US joint statement following the meeting of Prime Minister Narendra Modi with President Donald Trump, stating the mutual commitment to increasing market access in Information Technology and other sectors is a big positive for the USD 150 billion Indian software and services industry.

Among other positives, the ASSOCHAM took special note of the text in the joint statement which stated that “the United States and India plan to undertake a comprehensive review of trade relations with the goal of expediting regulatory processes; ensuring that technology and innovation are appropriately fostered, valued, and protected; and increasing market access in areas such as agriculture, information technology, and manufactured goods and services...."

The chamber Secretary General Mr D S Rawat said, before beginning of his important US visit,   the ASSOCHAM had urged the Prime Minister to take up the issue of obstacles being faced by the Indian IT industry. “It is a matter of satisfaction that the commitment of market access in IT has been given by the President Trump himself".

Rawat said yet another positive from the outcome of the Modi-Trump meeting is committed to strengthening cooperation to address excess capacity in industrial sectors.

Building on the US commitment on free and fair trade, India can look forward to increasing its merchandise exports to the US which is on the way to a smart recovery.

As far as India is concerned, "we have opened a whole lot of sectors and taken a number of steps to improve ease of doing business".

The mutual commitment to expedite regulatory issues would also be of great help to the Indian pharmaceutical industry which has been facing several problems at the end of the US -FDA.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.