India, US Forge Stronger Ties in Pharma, Tech, Critical Minerals

New Delhi: The commerce ministry on Friday said that India and the US have agreed to strengthen cooperation in sectors like pharmaceuticals, semiconductors, and critical minerals and emerging technologies. Besides, the two countries also discussed collaborative opportunities in green technology among other similar issues.

“As both the sides are focused on closer engagement based on trust, following key areas emerged from the discussions -- supply chain cooperation across pharma, semiconductors, critical minerals and energy; collaborative opportunities in green tech and scaling up manufacturing for clean tech; and strengthening partnership in critical and emerging technologies,” the ministry said in a statement.

These key areas emerged from the discussions during the meeting of commerce minister Piyush Goyal and US Secretary of Commerce Gina Raimondo at a review meeting of the India-US CEO Forum virtually last night. Raimondo urged the CEO forum to seize the current momentum and implement the pivotal recommendations outlined by the forum members.

She also announced the inclusion of four new members in the forum from the US industry including Honeywell, Pfizer, Kyndryl, and Viasat. This was the eighth meeting of the forum since its reconstitution in December 2014. It is a key advisory private sector body to India-US Commercial Dialogue, and it witnessed participation from 27 CEOs from both sides. The next meeting will take place early next year.