Digital Tech and Semiconductors: Key MoUs Between India and Singapore
Major Developments in Digital Tech and Semiconductors
New Delhi: India and Singapore on Wednesday signed key Memorandums of Understanding (MoUs) in the fields of digital technologies, semiconductors, health cooperation, and skill development, which will further strengthen their cooperation.
Key Agreements Signed
The agreements were signed after Prime Minister Narendra Modi, who is visiting Singapore, and his counterpart Lawrence Wong held bilateral meetings.
- The first MoU was signed between India's Ministry of Electronics and Information Technology and Singapore's Ministry of Digital Development and Information to cooperate in digital technologies.
- This will help facilitate close cooperation between the two countries in the areas of digital technologies, such as DPI, cyber-security, and 5G, along with emerging technologies such as super-computing, quantum computing, and artificial intelligence.
- The MoU also enables cooperation for upskilling and reskilling workers in the digital domain.
Semiconductor Ecosystem Partnership
The MoU on the India-Singapore semiconductor ecosystem partnership was signed by India's Ministry of Electronics and Information Technology and Singapore's Ministry of Trade and Industry. Under this agreement:
- India and Singapore will cooperate in developing a semiconductor cluster.
- They will cultivate talent in semiconductor design and manufacturing.
- The partnership will facilitate Singapore's investments in India.
Singapore plays a crucial role in the worldwide semiconductor supply chain, accounting for 10% of all chips produced globally and about 20% of the global production of semiconductor manufacturing equipment.
Healthcare Cooperation
Another MoU was signed between India's Ministry of Health and Family Welfare and Singapore's Ministry of Health focusing on cooperation in health and medicine. This agreement will facilitate:
- Joint efforts on research and innovation in areas of mutual interest.
- Closer cooperation in human resource development in healthcare and pharmaceutical sectors.
This agreement will also complement New Delhi's efforts to promote Indian healthcare professionals in Singapore.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.