Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
Related Articles
Why in NEWS
Trade in technology will have to be conducted by keeping in mind “where and with whom to do it”, External Affairs Minister (EAM)
External Affairs minister highlighted
A wide variety of engagements between India and its Quad partners — the U.S., Japan and Australia — and said that India’s semiconductor mission was not limited to the domestic demand, and that it also aimed to meet global requirement.
Self-reliant
The Minister said that a “self-reliant India will ipso facto be self-reliant in semiconductor production”, hinting that India wants to safeguard its vital economic and strategic interests from any disruption of the supply chain.
“The depiction of a ‘chip war’ may be somewhat overstated, but it has more than a fundamental kernel of truth,”.
Critically and emerging technologies, and said this domain “should now emerge as one of the important metrics of power”.
“Who invents, who manufactures, what are the market shares, where are the resources, who has the skills, where is the talent pool — these are increasingly the crucial questions,”
He shed light on the ongoing semiconductor-related exchanges between India and the U.S.
The importance of the Minerals Security Partnership that India joined in June. India joined the 14-member grouping led by the U.S. in an attempt that will help emerging sectors such as electric vehicles.
