With the MOU, Singapore and India may leverage each other’s strengths in the semiconductor industry and develop their supply stores, which include government-led plan markets on habitat growth, supply chain resilience and workforce development, said MTI.
MTI and India’s Ministry of Electronics and Information Technology may create a policy speech to facilitate debate, oversee the implementation of the areas of collaboration, and trade best practices.
Organization Singapore and the India Semiconductor Mission will also establish a parallel business-to-business assistance forum to promote more private-sector collaborations between the two nations.
In a Twitter post on Thursday, Mr Wong noted the “deep and enduring connection” that both countries communicate, “built on solid financial and people-to-people relationships”.
” We have set out a forward-looking plan for the next phase of our diplomatic relations. This includes closer cooperation in places like conservation, superior production, modern technology and connectivity”, said Mr Wong.