As Indian Prime Minister Narendra Modi met US President Joe Biden on a state visit, New Delhi and Washington unveiled a variety of technology agreements across numerous industries. President Biden and Prime Minister Modi confirm that technology will play a pivotal role in strengthening the bilateral relationship, according to a joint statement from the two countries.
According to India's Foreign Secretary Vinay Kwatra, the two leaders' conversation after PM Modi's official welcome focused heavily on technology. A key step forward in the coordination of the two countries semiconductor incentive programs, they signed an MoU on Semiconductor Supply Chain and Innovation Partnership.
According to a statement, Micron Technology intends to use funding from the Indian government to invest up to $825 million in the construction of a new semiconductor assembly and testing plant in India. Over the following five years, it is anticipated that the $2.75 billion total investment will create 5,000 new jobs directly and an additional 15,000 jobs within the region.
The partnership between NASA and ISRO to create a strategic framework for cooperative human spaceflight by the end of 2023 was also announced by President Biden and Prime Minister Modi. With the intention of mounting a combined mission to the International Space Station in 2024, NASA will train Indian astronauts at the Johnson Space Centre in Houston, Texas.
