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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)
SIFY 10.79-0.6%Nov 7 9:30 AM EST
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To: Mohan Marette who wrote (1302)3/21/2000 9:48:00 PM
From: Mohan Marette  Read Replies (1) of 1471
 
India, US to set up tech forum to reap new economy benefits

Tuesday, March 21 8:07 PM SGT

To mark US President Bill Clinton's visit, India and the US said Tuesday that they would set up a joint forum on science and technology to reap the benefits from a new economy.

"We are leaders in the information age. The currents of commerce and culture that link our societies run strong and deep," Mr Clinton and Indian Prime Minister Atal Behari Vajpayee said in a joint "vision statement."

The two leaders were referring to Indian firms and US-based Indians, who are playing a frontline role in sweeping changes brought about by the Internet and the way it is changing the behaviour of markets and business organisations.

India's foreign ministry said in a statement the two nations would set up the Indo-US Science and Technology Forum to help the interaction of government, academic institutions and industry.

The forum will also commission studies and reports and help in collaboration projects, it said.

The US has in the past denied India access to several technologies on the grounds that they might be put to military use.

Nuclear tests by India in 1998 led to full-blown sanctions inovlving significant technology denials.

However, susbsequent talks have led to a scaling back of the sanctions. sg.biz.yahoo.com
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