which country has india signed a memorandum of understanding with to collaborate on semiconductor supply chain and innovation?
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Secretary Raimondo Announces U.S.
On March 10, Secretary Gina Raimondo joined Indian Minister of Commerce and Industry Piyush Goyal and announced a U.S.-India Memorandum of Understanding (MOU) that will establish a Semiconductor Supply Chain and Innovation Partnership. The MOU was announced at the relaunch of the U.S.-India Commercial Dialogue and will focus on clean energy as well as semiconductor supply chains.
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Was this page helpful? Secretary Raimondo Announces U.S.-India Semiconductor Supply Chain and Innovation Partnership MOU in New Delhi
March 15, 2023
Export and investment promotion ICT Supply Chain
On March 10, Secretary Gina Raimondo joined Indian Minister of Commerce and Industry Piyush Goyal and announced a U.S.-India Memorandum of Understanding (MOU) that will establish a Semiconductor Supply Chain and Innovation Partnership. The MOU was announced at the relaunch of the U.S.-India Commercial Dialogue and will focus on clean energy as well as semiconductor supply chains. The Secretary was in New Delhi from March 5-10 where she met with Prime Minister of India Narendra Modi, attended the U.S.-India CEO Forum, and held several important bilateral meetings with Indian officials.
“As both of our great nations seek to create stronger and more secure supply chains, particularly in the field of semiconductors, this MOU will establish a collaborative mechanism between our two countries on semiconductor supply chain resiliency and diversification and will aim to create economic opportunity in the U.S. and India,” said Secretary Raimondo in a statement. “This is a significant step in the coordination of both our countries’ semiconductor incentive programs and will strengthen mutual priorities, including promoting commercial opportunities, R&D, and talent and skill development.”
To begin her trip, India’s Defense Minister Rajnath Singh hosted Secretary Raimondo at his home in honor of the annual Hindu festival Holi. Several other Indian officials also joined the festivities.
“A day filled with color, joy, and light,” said Raimondo. May we carry it with us as we continue to strengthen the bonds between India and the United States.”
Later in the week, Secretary Raimondo met with Prime Minister of India Narendra Modi where they discussed the U.S.-India CEO Forum and U.S.-India Commercial Dialogue as well as the new Strategic Trade Dialogue and U.S.-India MOU on Semiconductor Supply Chain and Innovation Partnership
At the U.S.-India CEO Forum, Raimondo stressed the importance that the Biden Administration places on U.S.-India relations and emphasized the significant opportunity to deepen commercial ties between the two countries.
The U.S.-India CEO Forum was soft-launched by Secretary Raimondo and Indian Commerce & Industry Minister Goyal in November 2022 during a meeting between the two leaders. During the meeting, they identified key priorities as increasing supply chain resilience; enhancing energy security & reducing overall greenhouse gas emissions; advancing inclusive digital trade; and facilitating post-pandemic economic recovery, especially for small businesses.
Throughout her visit, Secretary Raimondo also held several bilateral meetings with ministers from India including Minister of Electronics and Information Technology Ashwini Vaishnaw, Minster of External Affairs Dr. S. Jaishankar, Minister of Finance Nirmala Sitharaman, Minister of Education and Skill Development and Entrepreneurship Dharmendra Pradhan, and Indian National Security Advisor Ajit Doval. During these meetings, the Secretary discussed key areas of shared interest, including the Indo-Pacific Economic Framework for Prosperity, semiconductors, and supply chain resilience.
The trip comes on the heels of last month’s successful special negotiating round for the Indo-Pacific Economic Framework in New Delhi, which was attended by senior U.S. Department of Commerce officials.
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India, US sign MoU on semiconductor supply chain, innovation partnership; to propel growth of IT, electronics sectors, Government News, ET Government
"India has a growing innovation ecosystem as shown by programmes like IDEX, our progress on 5G or our Covid related innovations. Both countries will benefit from this MoU.” Dr Ajay Kumar
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Exclusive India, US sign MoU on semiconductor supply chain, innovation partnership; to propel growth of IT, electronics sectors
"India has a growing innovation ecosystem as shown by programmes like IDEX, our progress on 5G or our Covid related innovations. Both countries will benefit from this MoU.” Dr Ajay Kumar
Anoop Verma ETGovernment
March 11, 2023, 07:39 IST
Visiting US Secretary of Commerce Gina Raimondo and Union Minister of Commerce and Industry Piyush Goyal exchange the MoU in New Delhi on Friday.
Following the Commercial Dialogue, held in New Delhi on March 10, India and the USA have signed a memorandum of understanding (MoU) on establishing semiconductor supply chain and innovation partnership.
The US Secretary of Commerce, Gina Raimondo is on a visit to New Delhi on an invitation from Piyush Goyal, Union Minister of Commerce and Industry. During her visit, the India-US Commercial Dialogue was re-launched on Friday with the objective of discussing cooperation for unlocking new trade and investment opportunities between the two countries.
The MoU signed between the two countries seeks to establish a collaborative mechanism between the two governments on semiconductor supply chain resiliency and diversification in view of US’s CHIPS and Science Act and India’s Semiconductor Mission.
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Dr Ajay Kumar, Former Defense Secretary, Government of India, observes that the signing of the MoU between India and the USA is an important development. He says, “It shows how technology is driving the bilateral relationship between the two major nations. As far as the India–US technology relationship is concerned, it is clear that it is no more a one-way affair. India has a growing innovation ecosystem as shown by programmes like IDEX, our progress on 5G or our Covid related innovations. Both countries will benefit from this MoU.”
Stating that India has developed significant capabilities in chip design, Ajay Kumar said, “There is not a chip that does not pass through Indian hands. Most global chip manufacturers have their development centers in India. Some Indian players have also got into chip design and manufacturing. The Indian government is determined to have FAB manufacturing in India.”
“This MoU is a step in the right direction. It will help in the growth of IT and electronics industry in India,” says Ajay Kumar. “India can be the leader in new chips developed for developing countries, and this strategic MoU can pave way for major transformations in e-governance and online services apart from meeting strategic needs of the world in the changed geopolitical scenario.”
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According to a statement released by the Ministry of Commerce & Industry, the USA is India’s largest trading partner and largest export destination, while India is America’s ninth largest trading partner.
The Ministry of Commerce & Industry said the MoU seeks to establish a collaborative mechanism between the two governments on semiconductor supply chain resiliency and diversification in view of US’s CHIPS and Science Act and India’s Semiconductor Mission.
"It aims to leverage complementary strengths of both countries and facilitate commercial opportunities and development of semiconductor innovation ecosystems through discussions on various aspects of semiconductor value chain. The MoU envisages mutually beneficial R&D, talent and skill development," it added.
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Technology
semiconductor supply chain
Semiconductor Mission
Piyush Goyal
innovation partnership
India-US Commercial Dialogue
Gina Raimondo
CHIPS and Science Act
Ajay Kumar
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स्रोत : government.economictimes.indiatimes.com
India, US ink MoU on semiconductor supply chain, innovation partnership
The MoU seeks to establish a collaborative mechanism between the two governments on semiconductor supply chain resiliency and diversification in view of the US's CHIPS and Science Act and India's Semiconductor Mission.
India, US ink MoU on semiconductor supply chain, innovation partnership
India, US ink MoU on semiconductor supply chain, innovation partnership The MoU seeks to establish a collaborative mechanism between the two governments on semiconductor supply chain resiliency and diversification in view of the US's CHIPS and Science Act and India's Semiconductor Mission.
By: PTI
New Delhi | March 10, 2023 13:08 IST
India signs MoU with the US to establish Semiconductor Supply Chain & Innovation Partnership. (Photo: Twitter/@PiyushGoyal)
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India, US ink MoU on semiconductor supply chain, innovation partnership
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India and the US on Friday signed a memorandum of understanding (MoU) on semiconductor supply chain and innovation partnership during the Commercial Dialogue 2023 here, the commerce ministry said.
On the invitation of Commerce and Industry Minister Piyush Goyal, the US Secretary of Commerce Gina Raimondo visited Delhi between March 7 and 10.
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During this visit, the India-US Commercial Dialogue was re-launched on March 10 to discuss cooperation for unlocking new trade and investment opportunities between the two countries, it said.
“During the Dialogue, a MoU on establishing semiconductor supply chain and innovation partnership under the framework of India-US Commercial Dialogue was signed between India and US,” it said.
The MoU seeks to establish a collaborative mechanism between the two governments on semiconductor supply chain resiliency and diversification in view of the US’s CHIPS and Science Act and India’s Semiconductor Mission.
It aims to leverage complementary strengths of both countries and facilitate commercial opportunities and development of semiconductor innovation ecosystems through discussions on various aspects of the semiconductor value chain.
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In addition, the MoU envisages mutually beneficial R&D, talent and skill development, it added.
First published on: 10-03-2023 at 13:08 IST
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