Some of the points in the joint statement were:

🔴 Strategic technologies, digital governance, and digital connectivity

Both sides committed to leverage their respective strengths to accelerate a human-centric digital transformation and the development of advanced and trustworthy digital technologies such as “AI, semiconductors, High-Performance Computing and 6G, which will benefit both economies and societies”.

They “emphasized their commitment to further strengthen the resilience of semiconductor supply chains and promote collaboration. To that end, they agreed to explore joint R&D in the field of chip design, heterogeneous integration, sustainable semiconductor technologies, technology development for advanced processes for process design kit (PDK)”.

The two sides reiterated their commitment to safe, secure, trustworthy, human-centric, sustainable and responsible Artificial Intelligence (AI).

🔴 Clean and green technologies

Both sides agreed on joint research cooperation on recycling of batteries for electric vehicles (EVs), marine plastic litter, and waste-to-hydrogen. The estimated total joint budget will be about EUR 60 million from the Horizon Europe programme and from matching Indian contributions.

They agreed to explore cooperation on harmonising standards for EV charging infrastructure, including cooperative, pre-normative research for harmonised testing solutions and knowledge exchange in e-mobility.

🔴 Trade, investment and resilient value chains

Both sides committed to fostering resilient and future-ready value chains by prioritising transparency, predictability, diversification, security and sustainability.

Both sides discussed the challenges arising out of the implementation of EU’s carbon border mechanism, in particular for the small and medium enterprises and agreed to continue addressing them.

Both sides agreed to meet again for the third meeting of TTC within one year from now.