Semiconductor industry will get direct benefits from an important agreement between India-America
Piyush Goyal: India and America have signed an important agreement related to critical minerals. Apart from this, both countries have agreed to expand their bilateral relations to other areas. During the talks, India and America also discussed the supply chain. US-India is also discussing attracting investment from other countries for joint ventures.
There has been an important agreement between India and America. Cooperation between the Ministry of Mines of India and the US government will be promoted under the agreement. Emphasis on the development of semiconductor supply chains.
This was informed by the Union Commerce and Industry Minister Piyush Goyal on Friday. He said that India and America have signed an MoU relating to critical minerals to keep the supply chains open and promote more cooperation between the two countries.
Piyush Goyal said, "It was our sixth commercial dialogue. This was principally a dialogue on the progress achieved last year. Further development of the semiconductor supply chain, including MoU on critical minerals was the prime issue discussed in the meeting. The meeting also deliberated on clean energy. At the same time, there was a discussion on exploring new areas like tourism."
Piyush Goyal also said, "India and America are working to expand the relationship beyond bilateral by including other countries of the world. Innovation cooperation agreement made a year ago is advancing well, next year we will have the Technology and Sustainability Summit.".
Collaborating with other countries was also discussed. They are also discussing and looking into the possibility of joint projects in areas such as critical minerals in another country, as well as attracting investment from other countries for US-India ventures.
Piyush Goyal also mentioned the 9th CEO Forum. He said that new dimensions of business cooperation, especially technology and investment, were discussed in the forum. Goyal said, "The forum focused on enhancing business-to-business relations through greater collaboration in technology and investment.
Space, aviation, R&D, healthcare, and clean energy are some of the areas where both the US and India share common interests. This benefits the people of both countries and the entire humanity."
