India-US December Dialogue to Boost Commerce: Suresh Prabhu

Mumbai: Stressing the critical importance of the United States as a strategic trade partner for India, Commerce and Industry Minister Suresh Prabhu said on Friday a vital India-US Strategic Commercial dialogue will be held in New Delhi in December which will help boost commercial ties between the two nations. “The US Commerce Secretary and a high-level delegation from the US will come to have detailed discussions with their Indian counterparts to strengthen the commerce tie-up and chart the future agenda for both nations,” Prabhu said. He was speaking at the inauguration of the annual convention of Indo-American Chamber of Commerce (IACC), here on the theme “Indo-US Economic Relations: Building a Durable Partnership”.

Prabhu said India has identified key industries and sector where it can work in tandem with the US and utilize their high-end technology. In this connection, he said the government will unveil the new industrial policy soon. “A key thrust in the proposed policy, which will replace the Industrial Policy of 1991, is to reduce regulatory hurdles and encourage adoption of technologies of future such as robotics and artificial intelligence,” Prabhu added. (IANS)