Press Information Bureau

Government of India

Ministry of Commerce & Industry

22-September-2011 17:11 IST

Anand Sharma Pushes for Making India HUB for Manufacturing Advanced Electronics Components Cautions against Protectionism by The United States Presented Key of City of Dallas

The Commerce, Industry and Textile Minister of India, Sri Anand Sharma interacted with CEOs of top business firms and heads of Universities in Dallas, Texas on 21st September 2011. The business roundtable, hosted by the CEO of Texas Instruments, Mr Rich Templeton, included CEOs of companies engaged in Banking, Automation and Information Technologies, Oil and Gas Industry, Airports, Security Systems, Global Management Consulting Firms and Technology Solutions, Oil and Gas, apart from heads of institutions of higher learning engaged in Medicine, Public Research and a Community College.

In the roundtable, Mr Sharma spoke about India’s push to become a hub for manufacture of advanced electronics components and products through a slew of new initiatives. He emphasized the need for India and the US to collaborate in the field of education and appreciated the strengths of the United States in developing institutions of excellence in education and research. He pointed out that the two countries are ideally situated to collaborate in the manufacture of high-end products in view of their inherent capabilities. He underlined the importance of strengthening institutional linkages between India and the USA to promote innovation and research.

Earlier, on 20th September, the Commerce, Industry and Textiles Minister addressed a large gathering of the Indian diaspora and prominent citizens of the city of Dallas organised by the Greater Dallas Indo-American Chamber.He was presented the Key of the city of Dallas by the city administration. In his address, Minister Sharma highlighted the strategic partnership between India and the United States, which is based on shared values of democracy, plurality and the rule of law. He spoke about the new dynamics of the global economy with the shift in equilibrium from the developed nations towards the emerging and developing economies.

Mr Sharma also presented Awards to exceptional achievers of the Indian American Community in Dallas in the Annual Awards Ceremony of the Greater Dallas Indo-American Chamber. He lauded the contributions of the Indian American community to the American economy and stated that during these difficult times, the United States needs to look outwards as any attempt at protectionism would be counter-productive. The US should not erect barriers to trade or movement of professionals.

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Protectionism warnings: openness in trade and professional mobility urged to foster India-US electronics manufacturing collaboration. India aims to build a manufacturing hub for advanced electronics by promoting US-India collaboration in education, research, and institutional linkages to support innovation and high end production. The Minister warned that protectionism and barriers to trade or the movement of professionals would be counter productive, urging openness, diaspora engagement, and cooperative frameworks to facilitate investment, talent flows, and technology partnerships.