The India -US 5th Commercial Dialogue meeting was held on 10 March 2023 at Vanijya Bhawan, New Delhi.
MoU on semiconductor Supply Chain
- Both sides signed the Memorandum of Understanding (MoU) on establishing semiconductor supply chain and innovation partnership under the framework of India – US Commercial Dialogue.
- The MoU seeks to establish a collaborative mechanism between the two governments on Semiconductor Supply chain resiliency and diversification in view of US’s CHIPS and Science Act and India’s Semiconductor Mission.
US-India initiative on Critical and Emerging Technology (iCET)
- Both sides announced the launch of a new Working Group on Talent, Innovation and Inclusive Growth under the Commercial Dialogue.
- This working group would also support the efforts under US-India initiative on Critical and Emerging Technology (iCET), particularly in identifying specific regulatory hurdles that hinder cooperation and fostering of greater connectivity between our innovation ecosystems (including tech start-ups).
Standards and Conformance Cooperation Program (Phase III)
- They also launched Standards and Conformance Cooperation Program (Phase III) to be carried out in partnership between ANSI (American National Standard Institute) from the US side and BIS (Bureau of Indian Standards from Indian side in furtherance of standards cooperation.
U.S.-India Energy Industry Network (EIN)
- Both sides also pledged to work together in the Global Biofuels Alliance and in the development and deployment of hydrogen technologies.
- Both sides also announced a U.S.-India Energy Industry Network (EIN) as a broad platform for facilitating U.S. industry involvement in the Clean EDGE Asia initiative, the U.S. government’s signature initiative to grow sustainable and secure clean energy markets throughout the Indo-Pacific region.
