Connect with us

Hi, what are you looking for?

Economy

Budget 2024: US-India Business Council applauds US and Indian governments for focus on iCET sectors

Budget 2024: US-India Business Council applauds US and Indian governments for focus on iCET sectors

As the interim budget for FY 2024-25 was introduced on February 01, US-India Business Council (USIBC) Chairman Atul Keshab praised the US and Indian governments for their focus on iCET sectors and the budget. Atul Keshab said: “First of all, I think this is a very confident, very sober, very pro-growth Budget by the Government of India, and I think it signals a real sense of optimism about the country's economic growth. It sends a very strong signal to investors about the consistency of the government's policy. So I think “It's very positive. And I congratulate the Minister of Finance and her entire team and the government. “So it's actually a really nice detail with iCET (the Initiative for Critical and Emerging Technologies), which is an initiative on critical and emerging technologies that the two governments and the US Chamber launched in January of 2023. So, first of all For example, there is $12 billion to help develop the so-called sunrise sectors of deep technology and future technology. There is also a lot of money in semiconductors. I think the Government of India is showing a lot of focus on AI, Quantum Computing and other iCET sectors. I led an air and defense mission last week, or rather this week, to Delhi, and we had really good and encouraging meetings. So I really commend the US and Indian governments for their focus on the iCET sectors and this budget. “This proves that this focus is backed by real money.”

See also  Indicator - Economy - The train will also stop at the new Transport Museum
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top News

In a harrowing incident that has shaken the community of Lewiston, Maine, a series of shootings on Wednesday evening resulted in a tragic loss...

Top News

President Joe Biden’s abrupt departure from a speech on the U.S. economy at the White House on Monday sent a ripple of speculation and...

Tech

A dangerous application appeared in the Apple App Store disguised as a known program. 24.hu reported the Based on TechCrunch article. Dangerous app in...

World

Chinese scientists have discovered a little-known type of ore containing a rare earth metal highly sought after for its superconducting properties. The ore, called...

Copyright © 2023 Campus Lately.