A vision of the two nations as “among the closest partners in the world — a partnership of democracies looking into the 21st century with hope, ambition, and confidence” was confirmed in the joint statement released by India and the United States.
According to the Joint Statement, “the partnership between our two great countries, which spans the seas to the stars, leaves no corner of human enterprise untouched.” These are the main ideas of the 58-paragraph Joint Statement and the White House’s “Fact Sheet.”
With assistance from the India Semiconductor Mission, Micron Technology will contribute more than $800 million towards the construction of a new $2.75 billion semiconductor assembly and testing plant in India. To increase the diversification of the semiconductor supply chains in the two countries, Applied Materials will construct a Semiconductor Centre for Commercialization and Innovation in India. Additionally, Lam Research will use its “Semiverse Solution” to train 60,000 Indian engineers in order to advance India’s aims for workforce development and education in the semiconductor industry.
India has joined the US-led Minerals Security Partnership (MSP), which was founded to hasten the worldwide development of varied and sustainable supply chains for vital energy minerals. Along with the European Union, the MSP has 12 other partner nations as of June 2022. The largest Indian investment in the US electric car battery industry will be made by India’s Epsilon Carbon Limited, which will invest $650 million in a greenfield electric vehicle battery component facility.
Public-private Joint Task Forces on the development and deployment of Open RAN systems as well as on cutting-edge telecoms research and development have been established by India and the US. This public-private study will be co-led by the US Next G Alliance and the Bharat 6G initiative in India. Through this work, telecommunication networks will be more resilient, secure, and cost-effective.
India joined a group of 26 nations that have signed the Artemis Accords, pledging to work together in a transparent, peaceful manner to enable exploration of the Moon, Mars, and other planets. In order to launch a combined mission to the International Space Station in 2024, NASA will offer advanced training to astronauts from the Indian Space Research Organisation (ISRO). By the end of 2023, NASA and ISRO hope to have a collaborative strategy framework for human spaceflight.
A Joint Indo-US Quantum Coordination Mechanism has been set up by the two nations to enable cross-border research between the public and private sectors. Additionally, they have agreed to collaborate on research in quantum, artificial intelligence (AI), and cutting-edge wireless technologies.
In addition to signing a new cooperative agreement with India’s Ministry of Electronics and Information Technology on emerging technologies, the US National Science Foundation has announced 35 joint research collaborations with that country’s Department of Science and Technology.
A new “Innovation Handshake” will be introduced by the US-India Commercial Dialogue to link the startup ecosystems of the two nations in support of the US-India Initiative on Critical and Emerging Technology (iCET).
An optical fibre cable production facility near Columbia, South Carolina, thanks to an investment of $100 million from India’s Sterlite Technologies Limited, will enable $150 million in yearly optical fibre exports from that country.
The agreement to jointly manufacture GE’s F414 combat aircraft engines in India is the centrepiece of the next-generation defence alliance. There are also a number of other efforts.
The revolutionary plan by General Electric to jointly construct the F414 jet engine in India was praised in the Joint Statement. A Memorandum of Understanding (MoU) between GE and Hindustan Aeronautics Limited (HAL) and a manufacturing licencing agreement have both been submitted for Congressional Notification. An unprecedented plan to produce F414 engines in India will make it possible to spread US jet engine technology more widely than before.
India wants to buy MQ-9B SeaGuardian UAVs with weapons. India’s capacity for information, surveillance, and reconnaissance will improve as a result of the drones.
The Master Ship Repair Agreement (MSRA) between the US Navy and Larsen and Toubro Shipyard in Kattupalli, Chennai, has been finalised, while agreements with Mazagon Dock Limited in Mumbai and Goa Shipyard in Goa are also nearing completion. Due to these arrangements, Indian shipyards will be able to service and repair US Navy ships while they are in transit.
The two nations made progress in developing mechanisms to improve defence collaboration. They have decided to improve their underwater domain awareness cooperation and have agreed to first-time placement of three Indian liaison officers in US commands. A Security of provision Agreement and a Reciprocal Defence Procurement Agreement are also being negotiated between the US and India. These agreements will provide for the provision of defence products in the case of unanticipated supply chain disruptions.
