The Government of India approved a Memorandum of Cooperation (MoC) between India and Japan on the Japan-India Semiconductor Supply Chain Partnership.
- The Memorandum of Cooperation (MoC) was signed in July, 2023 between the Ministry of Electronics and Information Technology (India) and the Ministry of Economy, Trade and Industry (Japan).
- The MoC intends to strengthen cooperation between India and Japan towards enhancement of semiconductor supply chain, recognizing the importance of semiconductor for the advancement of industries and digital technologies.
- The MoC shall come into effect from the date of signature of the Parties and shall be remain in force for a period of five years.
- Both G2G and B2B bilateral Cooperation on opportunities to advance resilient semiconductor supply chain and leverage complementary strengths.
- MoC envisages improved collaboration leading to employment opportunities in the field of IT.
