With the MOU, Singapore and India will leverage each other’s strengths in the semiconductor industry and build their supply chains, which include government-led policy exchanges on ecosystem development, supply chain resilience and workforce development, said MTI.
MTI and India’s Ministry of Electronics and Information Technology will establish a policy dialogue to facilitate discussions, oversee the implementation of the areas of collaboration, and exchange best practices.
A parallel business-to-business cooperation forum will also be established and led by Enterprise Singapore and the India Semiconductor Mission to encourage more private-sector partnerships between both countries.
In a Facebook post on Thursday, Mr Wong noted the “deep and enduring friendship” that both countries share, “built on strong economic and people-to-people ties”.
“We have set out a forward-looking agenda for the next phase of our bilateral relations. This includes closer cooperation in areas like sustainability, advanced manufacturing, digital technologies and connectivity,” said Mr Wong.
