US to hold 'innovation roadshows' in 4 Indian cities

Washington, Feb 24: The US today said it would host American "innovation roadshows" across Asia including in four Indian cities.

Assistant Secretary of State for Economic and Business Affairs Charles H Rivkin will lead the US delegation for the American Innovation Roadshow in New Delhi, Gurgaon, Ahmedabad and Hyderabad from March 14-18, the State Department said.

The roadshows will showcase the American brand of innovation and entrepreneurship with the objective of promoting shared prosperity and inclusive growth, the State Department said, adding that it has three objectives.

It includes highlighting American approaches to entrepreneurship as embodied in the experiences of the delegation members; to engage with Asian entrepreneurs to strengthen their ties to America's innovation and entrepreneurship communities; and to encourage local and national governments in Asia to develop regulatory environments that foster innovation, attract investors, and create jobs.

"Nurturing innovation and new business formation in international markets is critical for achieving inclusive and sustainable economic growth, and will also increase opportunities for US businesses overseas," the State Department said.

Senior Advisor to the Secretary of State, Ambassador David H Thorne, will lead a delegation to Vietnam, Indonesia and the Philippines from March 1-11.

PTI