MANUFACTURING

USISPF believes that the Indian economy, and particularly its manufacturing sector, would gain substantially from an expansion of trade. Moreover, trade liberalization will be a catalyst for bigger domestic reforms that lead to doing business more easily. USISPF advocates expanding duty-free export opportunities for manufacturers in India and recommends increasing its export markets by concluding high-ambition free trade agreements (FTAs) with key countries.

USISPF is committed to the long-term goal of a U.S.-India Free Trade Agreement, and we believe the successful completion of several other comprehensive bilateral FTAs will lay the groundwork for it. USISPF and its member companies are dedicated to supporting these initiatives, and we facilitate regular dialogs with relevant ministers to pursue the implementation of these recommendations.

FOOD AND AGRICULTURE

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.

INTELLECTUAL PROPERTY RIGHTS (IPR)

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.

ENERGY

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.

TECHNOLOGY MEDIA, AND TELECOMMUNICATIONS

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.

“Flexible Resources Initiative” Launched Under the Aegis of the U.S.-India Clean Energy Finance Task Force

“Flexible Resources Initiative” Launched Under the Aegis of the U.S.-India Clean Energy Finance Task Force

The US and India Governments on October 4, 2019 launched the Flexible Resources Initiative under the U.S.-India Clean Energy Finance Task Force. Frank R. Fannon, Assistant Secretary of State of the U.S. Department of State, Neil Chatterjee, Chairman of the Federal Energy Regulatory Commission, and Honorable Anand Kumar, Secretary, Ministry of New and Renewable Energy Power together flagged off the new initiative.  Other Government of India dignitaries at the launch included, P K Pujari, Chairman Central Energy Regulatory Commission; Vivek Kumar Dewangan, Joint Secretary, Ministry of Power; and Dinesh K. Sarraf, Chairperson, Petroleum and Natural Gas Regulatory Board. Following the launch, US-India Strategic Partnership Forum hosted a high-level business round table on flexible resources with senior U.S. and Indian energy policy makers and regulators in attendance.

The U.S.-India Clean Energy Finance Task Force (Task Force), co-led by the U.S. Department of State’s Bureau of Energy Resources and India’s Ministry of New and Renewable Energy, draws on the finance expertise of both countries’ governments and private sectors to strengthen India’s ability to scale up its clean energy by sharing innovative business and finance models tailored to India’s context.  The Task Force will be expanded on the Indian side to include the Ministry of Power as the lead on the new flexible resources initiative in collaboration with India’s renewable energy ministry and electricity and gas regulators.  The U.S. Department of State and the Federal Energy Regulatory Commission will co-lead the flexible resources initiative on the U.S. side in partnership with the U.S. Department of Energy and U.S. Agency for International Development.

The Flexible Resources Initiative under the U.S.-India Clean Energy Finance Task Force will promote cost-effective strategies to ensure that India’s power system has adequate system flexibility to integrate its target of 460GW of installed renewable energy capacity by 2030.

Mr Nolty Theriot, Senior Vice President, Policy and Advocacy at US-India Strategic Partnership Forum said, “The Flexible Resource Initiative is a milestone in the US and India energy partnership. The agility of flexible resources — including natural gas, grid-scale battery storage and hybridized energy resource solutions will optimize asset performance, reduce electric grid instability, and more efficiently integrate renewable energy resources into the grid, thereby advancing the energy security of India.”