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India, US to identify sectors for investments: Sitharaman
Commerce and Industry Minister Nirmala Sitharaman Tuesday said that the
US and India will identify priority sectors for attracting investment
after the upcoming budget session.
The minister, who met US
Commerce Secretary Penny Pritzke here, revealed that senior officials
from both sides will meet to discuss and identify the sectors that can
attract investment and technology.
“They (officials) will sit and
identify sectors where priority investments can come in,†the minister
told reporters after the meeting here.
Sitharaman called for enhanced technology sharing and investments in India's small and medium enterprises.
"We
have asked for possibilities where technology could be shared and to
bring in investments to help small and medium enterprises," she said.
The
minister pointed at the need for creation of a task force to usher in
investments and identify sectors that have the possibility to attract
influx of funds from the US.
"We need to have a task force
working on getting investments, identifying and prioritising sectors
where investments can come in."
Sitharaman also discussed issues
regarding the totalisation agreement and visas, apart from inviting US
views on the draft intellectual property right (IPR) policy.
"We invited the Americans to have a look at the policy and invited inputs from them on the draft policy," she added.
IPR
protection was one of the major issues that was discussed between the
two countries in the just finished three-day state visit of President
Barack Obama