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India US Strategic and Commercial Dialogue

News and Press Release - Dated:- 29-8-2016 - Following the decision of Prime Minister Shri Narendra Modi and President Obama in 2015 to elevate the India-US Strategic Dialogue to a Strategic and Commercial Dialogue, reflecting the significance of the trade and economic engagement between the two countries, India and the United States will meet for the 2nd Strategic and Commercial Dialogue (S&CD) on Tuesday, 30th August 2016 in New Delhi. The engagement is likely to cover the discussion betwe .....

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d Mr. Dave Cote, Chairman and CEO of Honeywell International from US side would also be present at S&CD plenary. The bilateral discussions would be held thereafter, separately under the two tracks, at 4.30 p.m. The first S&CD plenary was held in September 2015 at Washington D.C and identified the focused areas of cooperation under the two tracks - Strategic and Commercial. The current S& CD would be reviewing the progress made so far in strengthening the agreed upon issues and lay do .....

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recommendation covering issues across the sectors. The Governments on both sides have taken into account the recommendations and have also encouraged greater B to B exchanges. Some of the major areas of intervention following the CEO Forum recommendations are as follows: In line with the CEO Forum recommendations to boost the renewable energy sector, the both sides are working on the US-India Energy Finance Initiatives, which is expected to mobilise upto $400 million by 2020. Similarly, to ease .....

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rious policies and measures, including the creation of Sister Innovation Hubs, and develop the Innovation ecosystem in the country. There has been very productive U.S-India CEO Forum-led Digital Infrastructure Best Practices Exchange Workshops in New Delhi, Jaipur, and Visakhapatnam from August 2-5, 2016. Both sides are working together to encourage participation of all stakeholders in the regional Global Connect conference to be held on September 15, 2016 in New Delhi. FDI reforms: As part of F .....

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has further shown an increasing trend as during the year 2015-16, India received US $ 55.4 billion as FDI, the highest in a year so far. FDI from USA: FDI from USA has also shown a positive growth trend and during the years 2013-14, 2014-15 and 2015-16 it was US$ 806 mill., US$ 1824 mill. and US$ 4190 mill., respectively. This corresponds to an increase of 500% in two years. The CEO Forum Meeting, to be held on 30th August, will review the status on the action taken on the recommendations submi .....

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which MoU has been signed between India and US, i.e. Ajmer, Allahabad and Vizag. Similarly both sides are expected to discuss the possibilities for collaboration in the areas of Innovation and Entrepreneurship and also exchange information and best practices relating to improving ease of doing business. The collaboration between National Physical Laboratory and BIS on the Indian side and National Institute of Standards and Technology (NIST) on the US side relating to reference material productio .....

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