US Trade Development Agency Aims For Greater India-US Partnership On 5G

Listen to This Article

Hosting a workshop on 5G in New Delhi, the US Trade and Development Agency (USTDA) on Tuesday said the move was part of Washington's strategic technology partnership.



The workshop was an effort to convene leading industry experts and officials to exchange information on approaches, solutions, and applications of 5G and next generation networks in India.

It also highlighted new opportunities for bilateral technical and commercial cooperation in the sector, expanding strategic technology partnership, an important element of the U.S.-India initiative on Critical and Emerging Technology (iCET).



"5G is an important part of the United States’ and India’s shared efforts to build a resilient economy for now and for the future. To foster an open, accessible, and secure technology ecosystem, we must ensure that our shared values fuel our shared decisions," US Ambassador Eric Garcetti said.

The Indian telecommunication sector is the second largest in the world, with 1.2 billion subscribers. The rapid growth of India’s 5G sector presents a compelling need for infrastructure development, -- an opportunity for U.S. and Indian firms to share expertise, establish new partnerships and leverage private sector financing to support India’s digital connectivity goals. 

Facilitating 5G deployment is an increasingly important pillar of the US-India technology partnership and one of the six areas of focus for the iCET initiative.

RECENT NEWS

Monzo Looks For US Banking License

Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Parallel Banking: Stablecoins Are Now Global

Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more