During the visit of PM Modi, many companies have announced to invest in India.
PM Narendra Modi’s visit to America was very special in many ways. Many big deals took place between America and India in this tour for many sectors including technology. Tech giants including Google, Micron, Amazon have expressed their desire to invest in India and along with this have also announced investment of billions of dollars. In the coming times, India can become a super power in the field of technology. Let us know about the big tech deals between India and America during PM Modi’s visit.
Strengthening semiconductor supply The American company will set up a semiconductor plant in Gujarat in India. The company will invest $ 2.75 billion in the country for this.
Critical minerals partnership- During the US visit of PM Modi, there has been a Mineral Security Partnership between America and India for Energy Minerals Supply Chain. As per the deal, India’s Epsilon Carbon Limited will invest $650 million in a greenfield electric vehicle battery component factory.
Fiber Optics Investments- A big deal has been signed between the two countries in the field of fiber optical. In this agreement, Bharat Star Light Technology will set up an optical fiber manufacturing unit near Colombia. Starlight Technology will invest around $100 million in this.
Cutting-edge research- The US National Science Foundation has announced 35 joint research collaborations with the Indian Department of Science and Technology. The US has tied up with the Indian Ministry of Electronics and Information Technology for this.
Quantum, Advanced Computing and Artificial Intelligence- An important deal has been signed between the two countries in the quantum advanced computing and artificial intelligence sector. Both sides have agreed to create a joint quantum system. Both countries have agreed to prepare Indo-US Quantum Mechanism for facility research in public and private sector.
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