India-US technology forum sets sight on $500 billion trade target: NASSCOM | India News
Nasscom US CEO Forum convened in Washington DC on February 4-5 to discuss India-US technology and trade partnership. According to the statement made by Nasscom, the sector aims to support the common target of $500 billion in bilateral trade.
This meeting took place after the announcement of the trade agreement between the two countries. The group met on Capitol Hill to discuss innovation, artificial intelligence, supply chains and job creation.
Indian technology companies play an important role in the growth of the US economy. According to Nasscom, these companies contribute US$103 billion to US GDP. These companies support more than half a million jobs in 25 U.S. states.
Add Zee News as Preferred Source
Forum members also discussed collaboration in the AI value chain. This work is in line with the Pax Silica coalition. Indian companies are looking to expand their roles in silicon design and advanced platforms.
Another important issue discussed at the forum was energy security. Energy security emerged as a “strategic priority” at the forum “as the United States scales AI-critical energy capacity and India integrates green and nuclear energy to support next-generation data centers,” according to the statement.
“Indian technology companies are increasingly contributing to AI-enabled energy optimization, grid analytics and digital infrastructure, strengthening the resilience of the US innovation ecosystem,” the statement said.
The delegation also met with Members of Congress and administration officials. These included Senator Ron Wyden and Deputy US Trade Representative Ambassador Rick Switzer.
Nasscom Chairman Rajesh Nambiar said the trade agreement provides “macro predictability” as technology and talent become “central to global competitiveness”. He stated that the forum wants to move the partnership “from collaboration to co-creation”.
L&T Technology Services CEO Amit Chadha said the two countries have a “generational opportunity” for a technology alliance. He noted that Indian companies are “deeply committed to the success of U.S. businesses.”
The forum followed the vision set by Prime Minister Narendra Modi and US President Donald Trump. It positions technology as the cornerstone of growth. The platform also included leaders from government, industry and academia.
