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India has signed (10th March 2023) an MoU with which country on Semiconductor Supply Chain and Innovation Partnership?
A)
UK
B)
Japan
C)
United States
D)
Australia

Correct Answer :   United States


The India - United States Fifth Commercial Dialogue meeting was held in New Delhi 10th March 2023. During the meeting, Union Commerce and Industry Minister Piyush Goyal and US Secretary of Commerce, Gina Raimondo acknowledged that bilateral goods and services trade has almost doubled since 2014, surpassing 191 billion US dollars as recorded in 2022. 

* Both sides welcomed further steps to enhance their commercial collaboration and tap into market potential across multiple sectors, and also enable an environment for investment by small and medium-sized industries and startups.

* Both Ministers recognized that small businesses and entrepreneurs are the lifeblood of the US and Indian economies.

* There is a need to facilitate collaboration between the SMEs of the two countries while fostering innovation ecosystems that facilitate their post-pandemic economic recovery and growth.

* In this context, both sides announced the launch of a new Working Group on Talent, Innovation and Inclusive Growth under the Commercial Dialogue. 

* This will further the cooperation on Start-ups, SMEs, Skill Development and Entrepreneurship, including in digital and emergent technologies.

* A Memorandum of Understanding on establishing a semiconductor supply chain and innovation partnership under the framework of India - US Commercial Dialogue was signed between the two countries. ..

Source : AIR

Published On : March 10, 2023
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