New Delhi, Oct 26 (KNN) The Union Cabinet has given a green light to the  Memorandum of Cooperation (MoC) between India and Japan on developing a semiconductor supply chain partnership.

The partnership between two nations will focus on research and development (R&D), manufacturing, design, and talent development for the industry.

The MoC was initially signed in July this year between the IT Ministry and Japan’s Ministry of Economy, Trade and Industry.

The MoC intends to strengthen cooperation between India and Japan towards enhancement of the semiconductor supply chain, recognising the importance of semiconductors for the advancement of industries and digital technologies, a statement released by the Union Cabinet said.

The MoC will come into effect from the date of signature of the parties and remain in force for a period of five years.

"Both G2G and B2B Bilateral Cooperation on opportunities to advance resilient semiconductor supply chains and leverage complementary strengths," the statement said.

India is looking to establish itself as a reliable presence in the semiconductor supply chain, especially at a time when companies are looking to diversify from China, which has been the hub of electronics manufacturing for several decades now. 

(KNN Bureau)