In remarks to the media here, a day before restarting the India-U.S. Commercial Dialogue, the visiting official said the two countries will sign an MoU on semiconductors that will support India’s aspiration to play a leading role in the “electronics supply chain”. Ms. Raimondo is accompanied by 10 American CEOs who will be joined by Indian business leaders on Friday to help draft industry-specific recommendations to help both sides. She said that the two sides agreed to launch the India-U.S. Strategic Trade Dialogue. Ms. Raimondo will join Commerce and Industry Minister Piyush Goyal on Friday for the India-U.S. Commercial Dialogue, which will be accompanied by the U.S.-India CEOS Forum. These steps are aimed at stabilising global supply chains that were disturbed during the COVID-19 pandemic and subsequently by the Ukraine crisis.

Source: The Hindu March 10, 2023 02:59 UTC