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Our Bureau

New Delhi, Sept. 7

In a bid to ward off possible frictions between India and the US over the rise of Indian innovation, the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Los Angeles-based Pacific Council on International Policy have joined hands to establish a task force on both sides.

The task force, drawn from various high technology sectors, will look at the issues which will shape the global innovation economy and identify the co-operation between the two countries.

The task force will examine three basic issues — first, likely sources of concern between the two countries,

Second, opportunities for mutual collaboration in innovation between the two countries, and third, proposals for Government policy and private sector action in both countries designed to maximise economic opportunities.

Linkages between India and the US West Coast are already very strong in information technology, with Indian-Americans playing a pivotal role in promoting economic cooperation and mutual understanding between the two cultures.

But as the production of innovation moves from the US to India, financial and commercial tensions between the two countries are expected to arise which would strain public diplomacy and value creation functions of the Indian diaspora, according to FICCI.

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