Karnataka Govt and US-India Business Council sign MoU on Innovation and Tech
The U.S. India Business Council and the Karnataka Innovation and Technology Society (KITS), Government of Karnataka, have signed a Memorandum of Understanding (MOU) to expand collaboration in key industry sectors, with a particular emphasis on information technology, biotechnology, and electronics. The agreement was signed during the India-USA Tech Conclave, which is currently taking place at Bangalore Palace. This marks the second consecutive year of partnership between BTS and the government of Karnataka.
"The U.S. Chamber of Commerce's U.S.-India Business Council is pleased to announce its official partnership with the Bengaluru Tech Summit (BTS) and its organization of the India-USA Tech Conclave currently taking place in November at Bangalore Palace. This is the second consecutive year of partnership with the Government of Karnataka on BTS", said the press statement by the US-India Business Council.
Leaders from the Government of Karnataka, including the Minister for Information Technology and Biotechnology, Rural Development and Panchayat Raj Priyank Kharge participated in the Conclave. Speaking at the event, Minister Kharge said, "The MoU between the Government of Karnataka and USIBC marks a significant step forward in strengthening the economic ties between Karnataka and the United States. As the Government of Karnataka, we continuously strive to foster a conducive environment for American companies to establish, operate, and expand their businesses in Karnataka. The MoU emphasizes deepening engagement between the Government of Karnataka and USIBC to identify and address common challenges, facilitate collaboration between industries, and promote Karnataka as an attractive investment destination for American companies".
The release read further, "The Bengaluru Tech Summit serves as a significant global hub fostering partnerships among technology companies, startups, venture capitalists, and research labs. The India-USA Tech Conclave spearheaded by USIBC is a platform that brings together influential leaders from both the government and industry to explore opportunities for increased collaboration and investment and to address policy and regulatory issues that deepen synergies between the Indian and American innovation and creativity ecosystems".
Jacob Gullish, USIBC Executive Director, Digital Economy said, "The formalization of this MOU between USIBC and the Government of Karnataka signifies the role of states in furthering the India-U.S. strategic partnership. The partnership will enhance communication channels between USIBC member companies and their nodal partners through industry workshops and corporate sessions. Furthermore, these sessions will foster dialogue on common challenges, economic policies, and collaborative opportunities in Karnataka".
USIBC has been advocating for a strong U.S.-India space partnership in commercial space. At the India-USA Tech Conclave, the focus was on shaping the commercial space frontier and promoting relationships between entrepreneurs and startups. USIBC also highlighted joint initiatives with the Government of Karnataka in information technology, biotechnology, and electronics. USIBC has always championed US-India collaboration in R&D in India. The India-USA Tech Conclave will discuss challenges & opportunities in tech and healthcare sectors. USIBC represents top global companies operating across the US, India, and Indo-Pacific.
We are a premier industry voice connecting businesses and governments in the dynamic U.S.-India commercial partnership. With offices in Washington, D.C. and New Delhi, we work with members to identify and promote key policy priorities. Our focus is on strengthening connections between cities and states to drive India trade. Our policy expertise and influence are enhanced by our affiliation with the U.S. Chamber of Commerce, whose thousands of member companies champion free enterprise for people worldwide.
