India and European Union agree to coordinate their policies in strategic semi-conductor sector

India and the European Union will coordinate their policies with regards to the strategic semiconductor sector, with the aim of concluding a Memorandum of Understanding by September 2023.

According to  joint statement issued after the first  India - EU Trade and Technology Council (TTC) meting held  in Brussels , the two sides  will work towards bridging the digital skills gap, explore Mutual Recognition of certifications and make progress on the promotion of skilled professionals and exchange of talent.

They will also enhance cooperation on IT and Telecoms Standardisation with a particular focus on promoting interoperable standards. External



Affairs Minister Dr. S. Jaishankar,  Union Minister for Commerce and  Industry  Piyush Goyal and Minister of State for Electronics and Information Technology Rajeev Chandrasekhar, visited Brussels to jointly co - chair the first Ministerial meeting of the India - EU Trade and Technology Council  on 16th of this month.

The Joint Statement added that  India and the European Union are committed to deepening their partnership and leveraging their respective strengths to accelerate the development and deployment of advanced digital technologies that will benefit both societies and promote global progress in line with  common values.