India and the United States have signed an MoU on semiconductor Supply Chain and Innovation Partnership following the Commercial Dialogue 2023.
It was signed between Commerce and Industry Minister Piyush Goyal and US Secretary of Commerce Gina Raimondo in New Delhi today.
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.
The India-US Commercial Dialogue was also re-launched today to discuss cooperation for unlocking new trade and investment opportunities between the two countries.
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