New Delhi, Feb. 20 -- Union Minister Ashwini Vaishnaw on Friday termed the Pax Silica Declaration a significant step for India's growing semiconductor and electronics ecosystem, as the country formally joined the US-led initiative on the sidelines of the Global AI Impact Summit in New Delhi.

Speaking to reporters, Vaishnaw said, "Trust in our country, in our world, trusts India because we respect IP, we have a large talent pool and we have conducted our foreign policy in a way which creates that trust and as a part of that today the Pax Silica was signed which is very important for semiconductor supply chain, semiconductor manufacturing, chip design for getting that entire semiconductor ecosystem well established in our country."

He add...