Consulate General of India
Chicago
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Press Release
India-US IT Cooperation & Opportunities
Consul General Amit Kumar joined the session on India-US IT Cooperation and opportunities as part of IndiaSoft 2021 organized by Electronics & Computer Software Export Promotion Council (ESC).
Consul General provided a brief overview of potential and opportunities between India & US for cooperation in the field of IT and how Covid-19 accelerated the expansion of digital footprint in the economy. He said that advent of technology including IoT, Data Analytics, Machine Learning, Artificial Intelligence, Block Chain technologies can be leveraged for realizing our development objectives, improving delivery of government services and productivity of our economy. The global IT demand is also shifting from traditional requirement of software services and systems integration.
CG Kumar underlined that there are enormous opportunities for collaboration between India and the US-Midwest, particularly in how digital processes are impacting manufacturing, health care and pharma, insurance sector, etc. He said, the Consulate will be happy to work with relevant stakeholders and facilitate engagement in these areas, particular for MSMEs in IT, ICT and related areas.
He identifiedUS Mid-West region as a region that has emerged as hub for an advanced and smart manufacturing as well as several exciting start-ups in pharmaceuticals, bio-health, health-care sector and insurance services.
He said that the region is also at the forefront of automation of work and Industry 4.0. In India, digital technology can be used for network and inventory optimization, predictive maintenance, smart safety management and product design.
Additionally, digital technology by leveraging data generated by platforms like the GST can help in creating a MSME focused credit risk database to improve quality of lending decision and reducing borrowing costs.
He pointed out the Chicago area is among the top three hubs for Start-Ups in the US and top-ranked when it comes to B-2-B solutions in manufacturing sector, healthcare, logistics, etc. Other important areas include Michigan and Indiana.
The event also saw addresses by Mr Nalin Kohli, Chairman INDIASOFT & Past Chairman, ESC, Mr Sanjay Chadha, Additional Secretary, Department of Commerce, Government of India, Dr Swati Kulkarni, Consul General of India at Atlanta, Mr Jayesh Ranjan, Principal Secretary, IT, Government of Telangana, Mr Saurabh Gaur Joint Secretary,, Ministry of Electronics & Information Technology, Government of India. Several other representatives from India based IT companies, USIBC, IT Serve and some private companies also spoke.
March 23, 2021
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