India-European Union Sign Pact On Semiconductors Ahead Of Key Trade Meet

An India-EU Memorandum of Understanding (MoU) on semiconductors was signed on Friday, ahead of the Trade and Technology Council meeting in New Delhi, according to the Ministry of External Affairs press release. The MoU was signed by Minister of Electronics, IT and Communications Ashwini Vaishnaw and the European Commissioner for Internal Markets Thierry Breton. The MoU aims at increasing the resilience of the semiconductor value chain in India and the EU and covers cooperation in wide areas covering research and innovation, talent development, partnerships and exchange of market information, as per the release.