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March 4th, 2008
India-U.S. action plan to step up hi-tech trade
India and the United States have formulated an action plan to step up cooperation in high technology areas, local newspaper the Hindu reported Sunday.
This was decided at a meeting of the India-U.S. High Technology Cooperation Group (HTCG) closed here on Friday. The U.S. delegation was led by Under Secretary of Commerce for Industry and Security Mario Mancuso and the Indian delegation was led by Foreign Secretary Shiv Shankar Menon.
The plan includes a time table for reviewing controls on export of high-tech items to India and simplifying U.S. policies, the newspaper said.
Set up in 2003, the HTCG is working on four areas to step up bilateral trade including defense and strategic trade, biotechnology, information technology and nanotechnology. The effort also involves private sector participation.
On nanotechnology, the two sides agreed to focus on commercial application in the areas of health, energy, potable water and sustainable development, said the newspaper.
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