The U.S. was instrumental in the Green Revolution in the 1960s and there is great potential for technology improvement in this area today. India represents a huge market for U.S. brands in India, and there has also been a growth in consumption of Indian food in the U.S. As the largest producer of milk and second largest producer of fruit and vegetables in the world, India possesses a huge raw material base. This base, paired with a growing 1.3 billion population, presents vast investment and partnership opportunities for the U.S. However, India is currently only processing ten percent of its food, resulting in enormous food waste.
USISPF works to share U.S. best practices, technology, and innovation with India, and, in exchange for providing U.S. companies with investment opportunities in India’s enormous consumer base.
USISPF believes that innovation is the lifeblood of both economies. A strong collaboration on innovation requires a predictable IPR regime. We work with stakeholders to provide a strong IPR framework, enabling investment in the country in areas important to the government, such as healthcare and financial inclusion.
USISPF aims to create a streamlined dialogue between all stakeholders to address tactical challenges in this space, from cyber security issues to fraud
USISPF promotes reforms that would expand India’s power sector and encourage safety, reliability, and efficiency in the generation, transmission, and distribution of power and grid management. A key component of this undertaking is a regulatory policy to promote renewable energy consumption. India can achieve its power generation targets by addressing key investment issues, including the creditworthiness of distribution utilities, domestic content requirements, and technological neutrality, bidding processes, land acquisition, and grid stability, which will facilitate greater participation by U.S companies.
As the Government of India takes steps to increase exploration activity for oil and gas and accelerates the development of resources, USISPF helps companies advocate favorable policy reforms in hydrocarbon exploration and production, and promote effective implementation frameworks.
The importance of technology in today’s globalized world is undeniable. The seamless flow of data and interoperability between our countries and businesses in a secure and effective manner is a pre-requisite to reap the benefits of being interconnected. The Technology, Media, and Telecommunications Committee aims to drive synergies and educate stakeholders to ensure flexibility in policymaking, given the dynamic nature of this sector.
USISPF facilitates the exchange of ideas in artificial intelligence (AI), big data, and the Internet of Things (IoT), as these technology trends can greatly improve the lives of citizens. Moreover, seeking new solutions to cyber-security threats is another opportunity for the U.S and India to work together. USISPF liaises with stakeholders, on issues of intellectual property, and the further opening of the Indian media market for foreign investments in the sector.