The Indo-US technology partnership has emerged as a vital pillar in the geopolitical and economic landscape, signifying the convergence of two major democracies. With critical advancements in areas like semiconductor manufacturing, AI, and defence technologies, this collaboration not only benefits both nations but also alters global power dynamics.
► US-India technology partnership The relationship between the US and India in technology has evolved from simple business exchanges to a comprehensive strategic partnership that aligns both nations' long-term economic and security interests. In the last decade, India's growing technology sector, backed by a talented workforce and the world's largest digital ecosystem, has attracted significant interest from the US.
This partnership is underscored by Prime Minister Modi and President Biden's recent collaboration, which has paved the way for significant developments such as the semiconductor fab plant in Kolkata. This isn't merely a business initiative; it represents a milestone in reducing global reliance on other semiconductor-producing nations like China and Taiwan.
► Semiconductor industry as a strategic pillar Semiconductors, often referred to as the backbone of modern electronics, are essential in nearly every technological device, from smartphones to advanced defence systems. However, the ongoing global chip shortage has exposed vulnerabilities in the supply chain, pushing countries to seek self-reliance. India, with its vast pool of engineers and low manufacturing costs, is well-positioned to become a major player in global semiconductor production. By building a robust semiconductor ecosystem, the partnership not only bolsters India's domestic capacity but also strengthens global supply chains.
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