According to a report co-developed by India and the Netherlands, the two countries will join hands in the semiconductor sector.
According to the Economic Times, CXO Today, and Manufacturing Today, the India Electronics and Semiconductor Association (IESA) and the Netherlands Innovation Network under the Embassy of the Netherlands in India unveiled a report, "Indi-Dutch Semiconductor Opportunities."
The report investigates the present state and prospective growth of the Indian Semiconductor market, analyzing investment opportunities for Dutch companies in India and investigating possibilities for joint research and development endeavors between the two organizations.
Additionally, it highlights potential academic exchange initiatives aimed at promoting knowledge transfer and skill enhancement through student exchanges. It explores the supportive policy environment established by the Indian government to facilitate such collaborations.
Marisa Gerards, Ambassador of the Netherlands to India, Nepal, and Bhutan, was quoted saying that it underscores the commitment to harnessing the power of technology to solve complex challenges and to creating a world where progress and prosperity are accessible to all.
Sanjay Gupta, chairperson of IESA, said they are proud to launch the landmark report, which will inspire and facilitate greater bilateral cooperation and exchanges.
The potential cooperation between India and the Netherlands in the chip sector may help India alleviate the talent shortage in a country that aims to train 85,000 semiconductor professionals over five years.
In addition to the Netherlands, India has signed MoUs with the US and Japan in semiconductors and is looking to collaborate with South Korea in the sector.
