India-EU sign MoU on semiconductors

India and the EU signed an MoU on semiconductors to strengthen the supply chains and promote cooperation in research, innovation, talent development, partnerships, and market information exchange. The Trade and Technology Council meeting discussed the progress made by the TTC working groups on strategic technologies, clean energy, resilient supply chains, and trade issues. Both sides expressed satisfaction and emphasized the need for practical outcomes and stakeholder consultations. They agreed to hold the next TTC meeting in India alongside the India-EU Summit.