India and the UK are set to sign a framework agreement to expand their advanced sciences this year. This agreement will promote collaboration in artificial intelligence, high-performance computing, and semiconductors.
Image source: India TV News
According to UK science minister George Freeman, India and the UK are planning to sign a framework agreement this year to strengthen their cooperation in advanced sciences. The agreement will promote cooperation in a number of important technologies, including artificial intelligence, high-performance computing, and semiconductors.
The MoU is based on three pillars, and this would be long-term over 5-10 years. The first pillar is science, research, and technology. Pillar two is concerned with commercialization, industry, innovation, and investment. Pillar three is about government, regulation, diplomacy and skills.
British investments in the Indian semiconductor industry could start to appear within the next two years. This occurred soon after British company SRAM & MRAM Technologies announced an investment of ₹30,000 crore in India’s semiconductor ecosystem, stated Freeman.
UK to shift, after Brexit, from being a service economy to being more of a science, research and innovation economy. The UK made a 30% increase in R&D budgets of its total budget for the next three years is 52 billion pounds.
Freeman said that the UK and India have agreed that we need to work very closely together given shared interests to grow the global science and technology economy, and that will require very, very strong joint work in some areas. and mutual respect for each other’s differences in others, but I think that’s perfectly resolvable.
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