India, U.S. to launch a semiconductor sub-committee

• India and the United States recently signed a memorandum of understanding (MoU) for creating a semiconductor sub-committee under the Commercial Dialogue.

Key Features of Commercial Dialogue

• Creating “reliable supply chains,
• Diversifying and friend-shoring [sourcing of material from countries with similar social and political values],
• Facilitating climate and clean technology cooperation,
• Inclusive digital growth,
• Talent development,
• Post-pandemic economic recovery, and a focus on cooperation”.

iCET launch welcomed

• Both the U.S.-India welcomed the initiative of Critical and Emerging Technology (iCET) that will broaden “strategic technology partnership”.
• Australia welcomed “India’s active partnership in the Indo-Pacific Economic Framework for Prosperity [IPEF]”.

Prelims Take Away

• iCET
• IPEF