‘More US tech firms looking to establish innovation centres in India’
Edited excerpts: How did the PM’s visit push the US-India relationship forward? I think what we are seeing is a relationship which has basically moved a few steps further, broader and deeper. You can divide the visit into three broad parts. One is the ceremony like the White House welcome, the Joint Session of Congress and other events taking place.
The second is transactional. The announcements on the General Electric jet engine deal and other business deals that were announced. But the third factor is structure that’s going to take us forward over the next 20-30 years.
And that is looking at partnership between the two countries in space, AI, and quantum computing. Micron’s $800 million investment in India has generated a great deal of excitement in terms of the possibilities for more investment in advanced technology. How can both sides continue to work together? The Micron announcement is very important.
You have to understand that India is dependent on importing chips either from Taiwan or from Korea. As India’s domestic manufacturing picks up, as India’s domestic manufacturing picks up, it needs to become more self reliant on chips also. Right now, there is a competition.
The US has put in around $100 billion in incentives in trying to attract and get local chip manufacturing going. Now, I don’t see this as a competition because what the US is doing is focusing on five to seven nanometer chips right whereas India is more focused on 15 to 25 nanometers. So they are basically moving in different arenas and can collaborate more from that perspective.
Read more on livemint.com
