India, US sign agreement on chips
On Friday, India and the US inked an agreement to establish a semiconductor supply chain and innovation partnership under India – US Commercial Dialogue framework. The memorandum of understanding (MoU) was signed between Commerce Minister Piyush Goyal and the visiting US commerce secretary Gina Raimondo.
The agreement seeks to establish a collaborative mechanism between the two governments on semiconductor supply chain resiliency and diversification in view of the US CHIPS and Science Act and India’s Semiconductor Mission.
It aims to leverage the complementary strengths of both countries and facilitate commercial opportunities and the development of semiconductor innovation ecosystems through discussions on various aspects of the semiconductor value chain.
In addition, MoU envisages mutually beneficial research and development as well as talent and skill development
During Raimondo’s visit, the India-US Commercial Dialogue was re-launched to discuss cooperation for unlocking new trade and investment opportunities between the two countries.
Raimondo on Thursday had said that semiconductor was a shared priority and India and the US are implementing a semiconductor programme.
[With Inputs from IANS]
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Inspite of such semi-conductor contract to boost flagging business – Pappu is still unemployed. Such contracts are of no value.
Modi to find some honorary position for Pappu with nominal salary, so that his mother can get a girl to marry him !!
Only ONE contract. Unemployment is very high, need 100 such contracts…..= Indian Opposition will sit on dharna for it does not benefit Dalits for semi-conductor business for engineers and nothing for farmers or judiciary or leftists