India and the United States are expected to dramatically ramp up funding and resources to hundreds of millions of dollars for a bilateral agreement around critical and emerging technologies in the coming years, a top U.S. official said after a June meeting between key political and industry leaders where there was a focus on reducing tech regulations, simplifying government processes between the two nations as well as on the responsible development of artificial intelligence (AI).
National Security Advisor Ajit Doval and his U.S. counterpart Jake Sullivan chaired the second meeting of the bilateral Initiative on Critical and Emerging Technologies (iCET) at the end of June in Delhi with a focus on areas including AI, quantum computing, semiconductors, and wireless telecommunication which has collectively been given a few million dollars of funding for research and scaling technologies so far.
The initiative was launched in January 2023 to strengthen the U.S.-India strategic partnership and drive technology and defence cooperation and was first announced by Prime Minister Narendra Modi and President Joe Biden in May 2022.
Dr. Sethuraman Panchanathan, the Director of the National Science Foundation (NSF), an independent agency of the U.S.
government with a $10 billion budget, helped lead the iCET bilateral meeting in Delhi and said that the U.S.-India dynamic would grow dramatically based on common principles, values, simple processes and good ideas as the foundation.
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