Trade in technology will have to be conducted by keeping in mind “where and with whom to do it”, External Affairs Minister (EAM) S. Jaishankar said on July 30. Presenting a comprehensive outlook on the Government of India’s policy on semiconductors at the SemiconIndia Conference 2023, Dr. Jaishankar highlighted a wide variety of engagements between India and its Quad partners — the U.S., Japan and Australia — and said that India’s semiconductor mission is not limited to the domestic demand, and that it also aims to meet global requirement.
“Technology trade is not just trade; it is as much as about political science. The truth is that we are seeing the re-emergence of export controls as a response to strategic assertions of economic strength. How to do business needs to be tempered with where and with whom to do it,” Dr. Jaishankar said, presenting the core idea behind India’s push to create a new supply chain of semiconductors that is currently dominated by Taiwan, whose sovereignty is questioned by China.
The EAM, however, did not mention China in his presentation.
