SINGAPORE: Singapore and India on Thursday (Sep 5) exchanged a Memorandum of Understanding (MOU) to cooperate in the semiconductor industry and digital technologies.
Singapore's Prime Minister Lawrence Wong and India 's Prime Minister Narendra Modi at AEM Singapore on Sep 5, 2024. SINGAPORE: Singapore and India on Thursday exchanged a Memorandum of Understanding to cooperate in the semiconductor industry and digital technologies.
"India aims to establish itself as a global node for semiconductor manufacturing, driven by strong domestic demand in the electronics, electric vehicles, and manufacturing sectors," said MTI. With the MOU, Singapore and India will leverage each other's strengths in the semiconductor industry and build their supply chains, which include government-led policy exchanges on ecosystem development, supply chain resilience and workforce development, said MTI.
In a Facebook post on Thursday, Mr Wong noted the"deep and enduring friendship" that both countries share,"built on strong economic and people-to-people ties". "The significance of CECA lies not just in deepening economic linkages between India and Singapore ... in serving as a pathfinder for other agreements to foster closer economic linkages between India and ASEAN, and India and other Asian countries."
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