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In India, we now see many highly qualified professionals ready to work in the rural hinterland and in their own towns and cities to tackle development issues directly without depending much on the government.

It's a mistake to believe technology rests outside India. We compete very successfully.

Indians have very good engineering capabilities, and that is why, if an industry focuses on innovation, you will have a far greater chance of success, rather than the model which is based on just being a production machine.

I am sick and tired of the process where everybody tells you that Indian companies don't have the technology and capability. We need to put money where our mouth is and make things happen, and that is what we are trying to do.

We have promised to support India in its international aspiration. We have agreed to set up a working group on technology.

We have seven pillars of development. India has a cutting edge information technology industry. We are setting up a technology park. We would like to see technology penetration iin education. Besides, we would like to see cooperation in industries like fashion, filmmaking, ship-building, education, health and energy.

There was a time when bright people had few prospects for higher education and good jobs here. But that is changing. India is no longer seen as an undesirable place to work or pursue research.

Let me tell you about a place where technology won't work. When you walk onto a farm and are standing on soil, there is no technology that is going to take that soil and transform it into something that is five times more productive.

There is not enough funding for basic sciences in India. We have to invest in a big way, and I am pushing that idea.

If done correctly, strengthening our trade relationship with India will create jobs here in America.