Commission and India sign agreement on semiconductors
The co-chairs of the EU-India Trade and Technology Council (TTC), Executive Vice-President Valdis Dombrovskis and Vice-President Věra Jourová, held a stock-taking call with their Indian counterparts – Minister of External Affairs Subrahmanyam Jaishankar, Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw and Minister of Commerce Piyush Goyal to weigh up the work done under the EU-India TTC so far, and lay the ground for the next Ministerial meeting.
They welcomed the agreement between the EU and India on a Memorandum of Understanding on semiconductors. It was signed by Thierry Breton, Commissioner for Internal market, and Ashwini Vaishnaw, Minister for Railways, Communications, Electronics and Information Technology of the Government of India. This agreement sets out how the EU and India will cooperate to build robust semiconductor supply chains and work together on innovation.
Under this Memorandum, the EU and India intend to:
Share experiences, best practices and information on our respective semiconductors ecosystems;
Identify areas for collaboration in research, development and innovation among universities, research organisations and businesses;
• Promote skills, talent and workforce development for the semiconductors industry and facilitate collaboration via the organisation of workshops, partnerships and the promotion of direct investments;
Ensure a level playing field in the sector, including by sharing information on granted public subsidies.
Next Steps
Both partners will continue meeting regularly and report under the TTC. The next TTC Ministerial Meeting is planned for early 2024 in India.
