Washington, Feb 10 (NationPress) India and the United States have made significant strides in enhancing their collaboration on technology and artificial intelligence during a recent high-level roundtable held in Silicon Valley. This gathering, focused on accelerating the transition from strategy to execution, featured discussions among officials and industry leaders.

The exclusive event was organized by the Consulate General of India in San Francisco in partnership with NASSCOM, uniting key figures including senior technology executives, venture capitalists, and academic specialists from both nations. The session was aptly named “India-US Technology Partnership: From Strategic Intent to Execution.”

Participants examined how artificial intelligence is transforming global trade, labor markets, and the Indo-US technology corridor, as stated in a media release.

Speakers highlighted that AI signifies a fundamental shift in the global economy, emphasizing the necessity for enhanced collaboration among government, industry, and academia to ensure that growth remains both inclusive and sustainable, as per the media release.

The NASSCOM delegation attended the San Francisco Bay Area under the NASSCOM US CEO Forum program, featuring prominent individuals like Rajesh Nambiar, president of NASSCOM; Shivendra Singh, vice president for global trade development; and Mayank Gautam, director for global trade development. Representatives from 12 major Indian technology firms, including Infosys, Cognizant, HCL, and Nagarro, were also present.

India’s Consul General in San Francisco, Dr. K. Srikar Reddy, connected the technology discussions to larger geopolitical and economic trends. He mentioned the recent announcement of a finalized India–US trade agreement and India’s forthcoming role as host of a global AI summit.

Reddy indicated that the trade deal would lower US tariffs on Indian goods from 50% to 18%. Meanwhile, India is set to reduce or eliminate tariffs on US products. He anticipates this agreement will bolster bilateral trade and help achieve a target of $500 billion in goods and services trade by 2030, as set by leaders of both nations in February 2025.

Nambiar spotlighted the rising influence of Indian technology firms in driving global digital transformation. He underscored their role in fostering innovation, economic growth, and job creation within the United States, alongside the challenges and opportunities that generative AI presents for future collaboration between Indian and US companies.

Participants acknowledged that India’s technology sector significantly contributes to the US economy, with estimates suggesting that Indian tech firms support hundreds of thousands of jobs and contribute approximately $103 billion to US gross domestic product.

The roundtable, moderated by MR Rangaswami, founder of Indiaspora, concentrated on the future of Indian IT services and software-as-a-service firms in an AI-centric landscape. Attendees advocated for evolving business models, workforce reskilling, and a transition towards outcome-driven, AI-enabled service delivery.

The discussions also highlighted a “triple helix” approach, incorporating government, industry, and academia, with participants asserting that future skills planning, workforce transitions, and curriculum updates are vital to keeping pace with rapid technological advancements.