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India Inc found lacking

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Our Corporate Bureau New Delhi
Indian trade and industry has not been able to cash in on the advantage secured in terms of licensing and other procedures, according to S Jaishankar Joint secretary in the external affairs ministry and principal negotiator for Next Steps in Strategic Partnership (NSSP) between India and the US.
 
Speaking at the two day US-India High Technology Group Seminar on Strategic Trade Controls organised by Ficci, Jaishankar said the industry has not been able to source high technology imports from the US for a profitable utilisation.
 
'The licensing process hinges around our ability to effectively communicate and convince the US on what the end uses of high technology imports are and also to authenticate the identity of importers in India,'he said.
 
Steven Goldman, Director, Office of Nonproliferation and Treaty Compliance said recent attempts at streamlining procedures have made bilateral trade on controlled items easier. 'Our endeavour is to impress upon India the fact that trade expansion and security are not conflicting but complimentary values,'he said.
 
Earlier, Robert O'Blake, Charge d'Affairs, US Embassy in India said that the upcoming CEO Forum will give Indo-US partnership in high technology a shot in the arm.
 
He said that sectors like biotechnology, defence and nano technology will see a strengthening of trade between the two countries.

 
 

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First Published: Jul 13 2005 | 12:00 AM IST

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