India and Singapore sign MoU to collaborate on semiconductor ecosystems

India and Singapore have signed an MoU to collaborate on semiconductor ecosystems, the government announced on Thursday.

The MoU was exchanged in the presence of prime ministers Narendra Modi and Lawrence Wong during Modi’s visit to Singapore.

“The MOU aims to support India’s growing semiconductor industry while facilitating Singapore’s ecosystem of semiconductor companies and related supply chains to participate in the fast-growing Indian market,” an official statement said.