- By Vaamanaa Sethi
- Sat, 09 Sep 2023 12:17 PM (IST)
- Source:JND
As US President Joe Biden visited Delhi for the G20 Summit, two lawmakers have introduced legislation in the US House of Representatives to remove high-tech export barriers to India, as per a report by PTI.
This move by the US House would give a big boost to the unrestricted export of sensitive technologies to the country and bolster bilateral technology cooperation.
Also read: L&T Market Cap Crosses Rs 4 Lakh Crore; Here’s Why
According to the PTI report, the legislation began on September 8 by Congressman Gregory Meeks, Ranking Member of the House Foreign Affairs Committee, and Andy Barr, vice chair of the House India Caucus.
The Technology Exports to India Act seeks to streamline the process of selling high-performance computers and associated equipment to India, thereby bolstering technology collaboration between the United States and India.
"As President Biden visits India for the G-20 Summit, we are happy to introduce the Technology Exports to India Act' to bolster technology cooperation between the United States and India," the two lawmakers said in a joint statement.
They further added, “ This bill removes restrictions on the sale of US products, such as digital computers and electronic assemblies, to India without a Department of Commerce license, thereby enhancing US-India technology trade, linkages between our technology companies, and supply chain resilience for a critical industry.”
According to the bill, Congress believes that fostering increased technological and defense collaboration with India is essential for addressing common geopolitical and security concerns.
"In light of the further strengthening of our strategic partnership with India, this legislative change reduces regulatory barriers to technology cooperation," Meeks and Barr said.
The bill stipulates that if President Biden grants flexibility for the export of high-performance computers to India, it would enhance technological cooperation between the United States and India, showcasing Congress's dedication to India as a strategic partner.
Also read: After Reliance, Nvidia Partners With Tata Group To Deliver AI Computing Infrastructure
“As such it is important to reduce regulatory barriers to technological cooperation with India in ways that enhance national security and advance strategic priorities. As such, removing India from the Computer Tier 3'' eligible countries' list in section 740.7(d) of title 15 of the Code of Federal Regulations would help to strengthen the bilateral relationship,” the bill said.
