India, US sign pact on semiconductor supply chain, innovation partnership

Ministries of both sides to be part of sub-committee, which will meet this year

India and the US on Friday signed a pact on setting up a semiconductor supply chain and innovation partnership, and established a semiconductor sub-committee under the framework of the India-US Commercial Dialogue, revived after three years.

The sub-committee will be led by the US’s Department of Commerce and, on the Indian side, the Ministry of Electronics and Information Technology (MeitY) and the Ministry of Commerce and Industry. The first engagement of the sub-committee is expected to take place before the end of 2023.

“Recognising the importance of US and Indian markets to the global electronics industry, Secretary (Gina) Raimondo and