India-EU agree to MoU on strategic semiconductor sector by September 2023

This joint statement records the outcomes of the first meeting of the India–EU Trade and Technology Council (TTC), a coordination platform established to address trade, trusted technology, and security challenges. It outlines commitments to deepen strategic partnership in digital technologies, green energy, and resilient value chains.

India and the European Union. Specific ministries and officials include Indian Ministers Dr. S Jaishankar, Piyush Goyal, and Rajeev Chandrasekhar, and EU officials Margrethe Vestager, Valdis Dombrovskis, Josep Borrell, and Thierry Breton. Sectors and groups affected include the semiconductor industry, digital technology providers, renewable energy and hydrogen sectors, battery manufacturers, start-ups, and skilled professionals in IT and telecoms.

• Conclude a Memorandum of Understanding on the strategic semiconductor sector by September 2023.
• Undertake Quantum and High-Performance Computing R&D projects for climate change, bio-informatics, and drug development.
• Coordinate within the Global Partnership on Artificial Intelligence (GPAI) and explore bilateral cooperation on trustworthy AI.
• Implement joint waste water treatment and management projects and work on waste-to-hydrogen.
• Focus on three green energy areas: Renewable and Low Carbon Hydrogen, Batteries for Electrical Vehicles, and Standards.
• Work on four trade areas in the coming year: Resilient Value Chains, Market Access, FDI screening information exchange, and multilateral trade issues (including WTO Ministerial conference-13).
• Meet again in early 2024 in India to review progress.

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