India US strengthen cooperation in semiconductors pharma and quantum technologies

India and US to bolster ties in semiconductors, pharma, and quantum tech

Team Finance Saathi

23/Apr/2025

What's covered under the Article:

India and the US plan to enhance cooperation in semiconductors, pharmaceuticals, and quantum computing to strengthen economic ties.
Emphasis on boosting manufacturing to increase job opportunities and reduce dependency on imports.
Strategic initiatives include infrastructure development and policy reforms to sustain long-term growth.

In a significant move to bolster economic ties, India and the United States have agreed to enhance cooperation in critical sectors such as semiconductors, pharmaceuticals, and quantum computing. This collaboration aims to drive manufacturing growth, create job opportunities, and reduce dependencies on imports.

Focus on Manufacturing and Infrastructure

Union Minister for Finance & Corporate Affairs, Ms. Nirmala Sitharaman, emphasized the importance of scaling up manufacturing to absorb the youthful workforce and build competitive global supply chains. She highlighted the government's efforts in infrastructure development, noting a more than fourfold increase in capital expenditure between FY18 and the FY26 budgets. These investments are designed to create a solid foundation for manufacturing-led growth and bolster investor confidence.

Strategic Initiatives and Policy Reforms

To sustain India's growth momentum over the next two decades, the government is focusing on bold reforms, stronger domestic capacities, and adaptive strategies suited for the evolving global landscape. The last two Union Budgets have laid the groundwork for this transformation, with a clear multi-sectoral policy agenda aimed at increasing the share of manufacturing jobs from 12% to 23%.

Conclusion

The enhanced collaboration between India and the US in semiconductors, pharmaceuticals, and quantum computing marks a strategic effort to strengthen economic ties and drive sustainable growth. Through focused investments in manufacturing and infrastructure, coupled with policy reforms, India aims to position itself as a global leader in these critical sectors.

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India and US to bolster ties in semiconductors, pharma, and quantum tech

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