President Joe Biden and Prime Minister Narendra Modi on Friday opened the ultimate day of the Indian prime minister’s four-day U.S. go to by assembly high American and Indian executives because the leaders look to extend cooperation on synthetic intelligence, semiconductor manufacturing and house.
The leaders are placing a highlight on the “Innovation Handshake,” a brand new initiative geared toward addressing regulatory hurdles that stand in the way in which of cooperation between the 2 international locations and selling job progress in rising applied sciences.
“Our international locations are taking innovation and cooperation to new ranges,” Biden informed the group, which included Apple CEO Tim Cook dinner, Google CEO Sundar Pichai and Microsoft CEO Satya Nadella. “We will see extra technological change … within the subsequent 10 years than we have seen within the final 50 years.”
White Home officers say India’s deep expertise pool will probably be essential in constructing extra resilient provide chains and creating know-how to handle local weather change. All this comes because the administration has sought to place the U.S.-India relationship on the next aircraft within the face of an ascendant China within the Indo-Pacific.
Modi recommended Biden for seeing “the likelihood that India represents.”
“That is positively a assure for a vivid future,” Modi added.
As a part of Modi’s state’s go to — the primary by an Indian chief since Manmohan Singh in 2009 — the 2 leaders introduced a number of main investments by U.S.-based firms in India.
Micron Expertise has agreed to construct a $2.75 billion semiconductor meeting and take a look at facility in India, with Micron spending greater than $800 million and India financing the remaining. U.S.-based Utilized Supplies will launch a brand new semiconductor heart for commercialization and innovation in India, and Lam Analysis, one other semiconductor manufacturing gear firm, will begin a coaching program for 60,000 Indian engineers.
On the house entrance, India signed on to the Artemis Accords, a blueprint for house exploration cooperation amongst nations taking part in NASA’s lunar exploration plans. NASA and the Indian House Analysis Group additionally agreed to make a joint mission to the Worldwide House Station subsequent yr.
Earlier this yr, the 2 international locations launched the Initiative on Essential and Rising Applied sciences, which units the trail for collaboration on semiconductor manufacturing, creating synthetic intelligence, and a loosening of export management guidelines. The initiative was important in sealing a deal, introduced Thursday, that may enable U.S.-based Basic Electrical to accomplice with India’s Hindustan Aeronautics to supply jet engines in India.
Later Friday, Modi was honored at a State Division luncheon hosted by Vice President Kamala Harris and Secretary of State Antony Blinken. He was additionally scheduled to ship an deal with to members of the Indian diaspora in the USA earlier than departing Washington within the night.
