Towards 2030: Tech, innovation to power ties, Pg8

Key Highlights:

• India and the European Union adopted the "Towards 2030: India-EU Joint Comprehensive Strategic Agenda" to boost strategic cooperation.
• The agenda focuses on five key pillars: prosperity and sustainability, technology and innovation, security and defence, connectivity and global challenges, and enabling factors.
• The India-EU Trade and Technology Council (TTC) is reaffirmed as the cornerstone of their technology partnership.
• Both sides will promote Digital Public Infrastructure, collaborate on new technologies, and broaden discussions on economic security.

Detailed Insights:

• The Joint Comprehensive Strategic Agenda aims to accelerate progress across multiple sectors by 2030.
• India and the EU possess complementary strengths in technology, aiming to increase collaboration across the entire value chain.
• The TTC serves as a high-level coordination platform to address trade, technology, and economic security issues.
• Cooperation will advance in areas like semiconductors, artificial intelligence, quantum computing, digital public infrastructure, and 6G to build secure digital ecosystems.
• Discussions will broaden on economic security, focusing on the resilience of supply chains and the protection of sensitive technologies.
• Initiatives include collaborative research in AI, quantum, advanced semiconductors, clean tech, and biotech.
• India-EU Innovation Hubs will be established to support dialogue and joint projects in critical emerging technologies.
• An India-EU Startup Partnership will promote cross-border investment and deep-tech scale-ups.
• Cooperation will deepen in space technology through the India-EU Space Dialogue.

Key Concepts Involved:

• Digital Public Infrastructure: Shareable digital solutions, such as payment systems and IDs, that countries can adopt to build their digital economies.
• Economic Security: Measures taken by a country to safeguard its economy against risks and disruptions.
• Supply Chains: The network of organizations and activities involved in producing and delivering a product or service.