WASHINGTON — President Joe Biden and Prime Minister Narendra Modi on Friday opened the ultimate day of the Indian prime minister’s four-day U.S. go to by assembly high American and Indian executives because the leaders look to extend cooperation on synthetic intelligence, semiconductor manufacturing and area.
The leaders are placing a highlight on the “Innovation Handshake,” a brand new initiative aimed toward addressing regulatory hurdles that stand in the best way of cooperation between the 2 nations and selling job development in rising applied sciences.
“Our countries are taking innovation and cooperation to new levels,” Biden informed the group, which included Apple CEO Tim Cook, Google CEO Sundar Pichai and Microsoft CEO Satya Nadella. “We’re going to see more technological change … in the next 10 years than we’ve seen in the last 50 years.”
White House officers say India’s deep expertise pool shall be essential in constructing extra resilient provide chains and creating know-how to deal with local weather change. All this comes because the administration has sought to place the U.S.-India relationship on the next aircraft within the face of an ascendant China within the Indo-Pacific.
Modi counseled Biden for seeing “the possibility that India represents.”
“This is definitely a guarantee for a bright future,” Modi added.
As a part of Modi’s state’s go to – the primary by an Indian chief since Manmohan Singh in 2009 – the 2 leaders introduced a number of main investments by U.S.-based corporations in India.
Micron Technology has agreed to construct a $2.75 billion semiconductor meeting and take a look at facility in India, with Micron spending greater than $800 million and India financing the remaining. U.S.-based Applied Materials will launch a brand new semiconductor middle for commercialization and innovation in India, and Lam Research, one other semiconductor manufacturing tools firm, will begin a coaching program for 60,000 Indian engineers.
On the area entrance, India signed on to the Artemis Accords, a blueprint for area exploration cooperation amongst nations collaborating in NASA’s lunar exploration plans. NASA and the Indian Space Research Organization additionally agreed to make a joint mission to the International Space Station subsequent yr.
Earlier this yr, the 2 nations launched the Initiative on Critical and Emerging Technologies, which units the trail for collaboration on semiconductor manufacturing, creating synthetic intelligence, and a loosening of export management guidelines. The initiative was vital in sealing a deal, introduced Thursday, that may permit U.S.-based General Electric to companion with India’s Hindustan Aeronautics to provide jet engines in India.
Later Friday, Modi was honored at a State Department luncheon hosted by Vice President Kamala Harris and Secretary of State Antony Blinken. He was additionally scheduled to ship an handle to members of the Indian diaspora within the United States earlier than departing Washington within the night.
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