India-US meet to focus on high-tech exports

By SiliconIndia   |   Wednesday, 21 February 2007, 06:00 Hrs
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Washington:The 5th US-India High Technology Cooperation Group (HTCG) is aiming to focus on streamlining the export control regimes between the two countries.

"Our objective for this Summit is to deepen high technology trade and investment between the world's two largest free-market democracies," said a pro-India business group.

United States-India Business Council (USIBC), which is hosting the meeting, is the premier advocacy organisation representing the largest US companies investing in India, joined by global Indian companies, promoting economic reforms to deepen trade and broaden commercial ties with India.

"The evolving dialogue of the HTCG shows deepening interest in high technology trade and investment consistent with the US-India Strategic Partnership-which culminated last year in passage by the USIBC," said President Ron Somers, reported a national daily.

The meeting co-chaired on US side by Deputy Secretary of Commerce David A. Sampson will also open a dialogue about Indian eligibility for the US Department of Commerce's new Validated End-User programme (VEU), also known as the Trusted Customer Programme.

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