This engagement with Indian and US investors in the semiconductor industry in India aims to continue building India’s robust semiconductor and information communication technology ecosystem.

Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corp. (PSMC) will establish India’s first semiconductor fabrication plant (fab) in Dholera, Gujarat. Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) will set up a semiconductor unit in Morigaon, Assam. CG Power, in partnership with Renesas Electronics Corp., Japan, and Stars Microelectronics, Thailand, will establish a semiconductor unit in Sanand, Gujarat.

“Promoting India’s vital role in the Mineral Security Partnership, including through co-investing in a lithium resource project in South America and a rare earths deposit in Africa, to responsibly and sustainably diversify critical mineral supply chains,” read the fact sheet.

“Deepening industrial and commercial coordination for critical mineral supply chains under the India-US Commercial Dialogue between the US Department of Commerce and the Indian Ministry of Commerce and Industry, with private sector input from the India-US CEO Forum,” the fact sheet stated.

“Exploring opportunities for collaboration in the critical minerals sector like bilateral collaboration in technologies for Neodymium-iron-boron metal, alloy and magnet making, collaboration with Department of Energy entities; Advancing Indian collaboration with US organisations and companies for carrying out research studies for beneficiation of critical minerals, including lithium, titanium, gallium, and vanadium,” added the fact sheet.