India - US signed a series of agreements

On the technology front, US chipmaker Micron Technology will invest $825 million in a new $2.75 billion chip assembly and testing plant in the Indian state of Gujarat. US semiconductor toolmaker Applied Materials is also investing $400 million over four years in a new engineering center in India.

President Joe Biden and Prime Minister Narendra Modi at the White House on June 22

India has agreed to join the US-led Mineral Security Partnership (MSP) initiative to create a supply chain for critical minerals. India's Epsilon Carbon will invest $650 million to build an electric vehicle battery component factory, hiring more than 500 employees over five years. Once approved, the facility will be India's largest investment in the US electric vehicle battery industry, according to the White House. The two sides also initiated and signed cooperation related to advanced technologies in the fields of telecommunications, space, quantum computing and artificial intelligence, and fiber optics.

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In terms of defense, the US General Electric signed an agreement with the Indian state-owned company Hindustan Aeronautics to manufacture F414 engines in India. According to Reuters, this engine will be used for fighter jets of the Indian Air Force. New Delhi also approved a plan to buy 31 armed MQ-9B SeaGuardian drones from the US company General Atomics. In another notable agreement, US Navy warships will be serviced and repaired at several Indian ports.

On the other hand, the US State Department will facilitate visa renewals for Indian workers in the US, while the two sides also announced plans to open more consulates in each other's cities.

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