India-US joined hands to develop the global semiconductor ecosystem, issued this information in the statement

According to the statement, the US expects key Indian stakeholders such as state governments, academic institutions, research centers, and private companies to participate in this analysis conducted by the India Semiconductor Mission. The insights gained from the assessment will serve as the basis for potential future joint initiatives to strengthen and develop this important sector.

The partnership will begin with a comprehensive assessment of India's current semiconductor ecosystem and regulatory framework, as well as workforce and infrastructure requirements.

According to the State Department, the partnership with India's Semiconductor Mission, which is under the Ministry of Electronics and Information Technology, benefits both countries. It also highlights the growing potential of India's semiconductor industry. Under this agreement, the US State Department will collaborate with India's Semiconductor Mission and the Ministry of Electronics and Information Technology.