As the interim budget for FY 2024-25 was introduced on February 01, US-India Business Council (USIBC) Chairman Atul Keshab praised the US and Indian governments for their focus on iCET sectors and the budget. Atul Keshab said: “First of all, I think this is a very confident, very sober, very pro-growth Budget by the Government of India, and I think it signals a real sense of optimism about the country's economic growth. It sends a very strong signal to investors about the consistency of the government's policy. So I think “It's very positive. And I congratulate the Minister of Finance and her entire team and the government. “So it's actually a really nice detail with iCET (the Initiative for Critical and Emerging Technologies), which is an initiative on critical and emerging technologies that the two governments and the US Chamber launched in January of 2023. So, first of all For example, there is $12 billion to help develop the so-called sunrise sectors of deep technology and future technology. There is also a lot of money in semiconductors. I think the Government of India is showing a lot of focus on AI, Quantum Computing and other iCET sectors. I led an air and defense mission last week, or rather this week, to Delhi, and we had really good and encouraging meetings. So I really commend the US and Indian governments for their focus on the iCET sectors and this budget. “This proves that this focus is backed by real money.”
