India and the US have deepened their cooperation on supply chain, semiconductors, and critical minerals during the iCET meeting in New Delhi. They launched a new strategic semiconductor partnership to co-develop processes for precision-guided ammunition. The partnership also aims to build India's semiconductor and ICT ecosystem. Additionally, they agreed to work together on ensuring a reliable supply of critical minerals, including co-investing in lithium and rare earths projects. Both countries are also establishing an Advanced Materials R&D Forum and exploring collaborations in technologies for critical minerals.
