India and the US had signed a Memorandum of Understanding (MoU) on crucial minerals to make sure open provide chains and promote collaboration between India’s Ministry of Mines and the US authorities, Union Minister of Commerce and Trade, Piyush Goyal acknowledged on Friday in a press deal with.
He additionally highlighted that the MoU focuses on creating resilient semiconductor provide chains.
“This was our sixth business dialogue, constructing on final 12 months’s progress. The strategic discussions, together with the crucial minerals MoU, centred round resilient semiconductor provide chains. The talks additionally addressed sustainability and clear vitality… There was important dialogue on exploring newer areas of cooperation, equivalent to tourism,” he stated, in line with ANI experiences.
Union Minister additionally stated he has mentioned with the US to collaborate with third nations and develop our engagement past bilateral relations.
“The ‘innovation handshake’ we signed a 12 months in the past has been superior, with a expertise and sustainability summit anticipated subsequent 12 months. We’re in discussions with the US to collaborate with third nations and develop our engagement past bilateral relations, exploring joint initiatives in areas equivalent to crucial minerals in third nations, or attracting investments from these nations for joint ventures between the US and India,” he stated.
He additional knowledgeable that the ninth CEO Discussion board, the place new dimensions of enterprise collaboration, particularly in expertise and funding, had been mentioned.
“We held the ninth CEO Discussion board, which targeted on enhancing business-to-business ties by way of larger collaboration in expertise and funding. Areas like house, aviation, R&D, well being, and clear vitality are sectors the place each the US and India share mutual pursuits, benefiting the folks of each nations and humanity as a complete,” he added, ANI reported.
