India is gearing up to formally request the United States for eased export controls and increased availability of cutting-edge technologies akin to those enjoyed by its close allies, as part of the anticipated bilateral trade pact. The Indian government is eyeing amplified entry into key sectors such as telecommunications, artificial intelligence (AI), and semiconductor industries, while also advocating for lowered tariffs on exports that are labor-intensive. This move signifies India’s pursuit of bolstering its technological capabilities and expanding its trade horizons in alignment with global trends. The request for relaxed export controls and enhanced technology access comes at a time when India is actively seeking to position itself as a major player in the digital economy and innovation landscape. By pushing for greater cooperation in crucial sectors, India aims to foster economic growth, create job opportunities, and enhance its overall competitiveness on the global stage. This strategic move is expected to pave the way for mutually beneficial collaborations between India and the US, leading to a more robust and sustainable trade relationship.

Posted in
JUST IN
India to Seek Relaxed US Export Controls for Advanced Technologies in Bilateral Trade Agreement, Targets Tariff Reductions.
In Trend

“Hindustan Zinc to Diversify into Potash Mining, Aims to Reduce India’s Import Reliance”
