‘Digital India’ great opportunity for US High-tech industry , says Exim Bank

Initiatives like Digital India, Make in India and Smart Cities Mission offered  American businesses the opportunity to sell high-tech products into the country, the US’s Exim Bank  Chairman Fred P Hochberg claimed last week.”I want to emphasise the potential for cooperation in three government-led initiatives,” he told delegates at  Global Trade Review’s (GTR) India Trade and Export Finance Conference during his keynote speech. “Digital India will present American businesses with an opportunity to sell their products into India’s  new high-speed internet and digital infrastructure in India, while the Make in India initiative offers US high-tech companies the chance to sell equipment to Indian manufacturers harnessing the globally competitive resources of innovators right here in India.
“Several American companies are looking at opportunities in the renewable energy, transportation and construction sectors. We are working with a number of renewable energy companies in the US and they are looking to increase their business here,” he  said, adding that India’s commitment to renewable energy, particularly solar, waas comprehensive and given the country’s scale, it has the potential to change the global energy game.
He pointed out that India planned to invest $142bn investment in its rail and aviation sectors, which presented  huge opportunities for the US locomotive and aircraft manufacturers as well as engineering and construction firms as they bid build hundreds of new train stations and airports.
The Digital India initiative, which aims to ensure that Government services are made available to citizens electronically by improving online infrastructure and  by increasing Internet connectivity was launched last July by Prime Minister Narendra Modi.