US, India competitiveness bodies sign MoU

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The US Council on Competitiveness has signed an MoU with its newly formed Indian counterpart to establish a foundation and framework for bilateral engagement and dialogue to strengthen the US-India economic relationship.

The Memorandum of Understanding recognises the importance of developing effective global competitiveness policies and strategies, while establishing a strategic partnership to mobilise a critical mass of leaders and experts to promote sustainable economic growth and prosperity for both countries, a statement said.

"The foundation for this MoU is straightforward," President & CEO, Council on Competitiveness, Deborah Wince-Smith, said.

"The Council and the India Council on Competitiveness will endeavour to undertake activities of mutual benefit to both nations, particularly those at the heart of turbocharging high-value, innovation-based business, scientific and technological collaboration.

"I could not be more pleased about the coming together of our two organisations around these issues," Wince-Smith said.

The Council (US) is credited with building new-to-the- world business partnerships over the years, having lead dozens of CEO-level dialogues and innovation summits with global partners across Europe, Northern Asia and Latin America.

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