Prime Minister Narendra Modi welcomed US President Joseph R. Biden Jr. to India and reaffirmed the close and enduring partnership between the two countries.
The leaders expressed appreciation for the substantial progress being made against the groundbreaking results of Prime Minister Modi’s historic visit to Washington in June 2023.
The leaders called on their respective governments to continue their efforts to transform the India-US strategic partnership in all aspects of our multidimensional global agenda, based on trust and mutual understanding.
Initiative on Critical and Emerging Technologies (iCET)
For example, Prime Minister Modi and President Biden reaffirmed the decisive role of technology in deepening our strategic partnership and commended the Indo-US Initiative on Critical and Emerging Technologies (iCET) for building an open, accessible, secure and resilient technology ecosystem and values, building on a chain of mutual trust and confidence that strengthens our shared values and democratic institutions.
The United States and India intend to conduct a midterm review of iCET this month, continuing momentum for the next annual iCET review, which will be co-led by the two countries’ national security advisers and will be conducted in early 2024, the Indian government said in a statement.
Semiconductor supply chain
Leaders reaffirmed their support for building a resilient global semiconductor supply chain and in this regard noted Microchip Technology, Inc.’s multi-year plan to invest approximately $300 million to expand its research and development operations in India, as well as Advanced Micro Device’s announcement of investment The report states that US$400 million will be invested in India over the next five years to expand research, development and engineering operations in India.
Leaders expressed satisfaction with the continued implementation of announcements made by American companies, Micron Technology, LAM Research and Applied Materials in June this year.
Prime Minister Modi and President Biden share a common vision of secure and trusted telecommunications, resilient supply chains and global digital inclusion and welcome the signing of a Memorandum of Understanding (MoU) solution between the Bharat 6G Alliance and the Next G Alliance operated by the Telecom Industry Alliance, as a first step towards deepening public-private collaboration between suppliers and operators.
They further endorsed the establishment of two joint working groups focusing on cooperation in the open RAN field and the research and development of 5G/6G technology.
A US Open RAN manufacturer will reportedly conduct 5G Open RAN pilots with leading telecom operators in India before field deployment.
Cooperation in the field of biotechnology
The leaders also welcomed the signing of an Implementing Arrangement between the US National Science Foundation (NSF) and the Indian Ministry of Biotechnology to promote scientific and technological research collaboration in biotechnology and biomanufacturing innovations.
They welcomed proposals issued by the US National Science Foundation and India’s Ministry of Electronics and Information Technology to promote academic and industrial collaboration in semiconductor research, next-generation communication systems, cybersecurity, sustainable development and green technologies, and smart transportation systems.
The leaders reaffirmed their commitment to building resilient technology value chains and connected defense industry ecosystems and recommitted their governments to drive policies and adjust regulations to facilitate greater technology sharing between Indian and US industry, government and academia , agency for co-development and co-production opportunities.
They also welcomed continued engagement through the inter-agency monitoring mechanism under the auspices of the bilateral Strategic Trade Dialogue launched in June, the statement added.