India, Feb. 7 -- Alumni body welcomes joint statement on India-US trade, says it signals deeper technology cooperation and stronger supply chain resilience.

Pan IIT Alumni India on Saturday said the India-United States interim trade framework could significantly accelerate India's ambitions in semiconductors, data centres and advanced technology manufacturing, with the Union Budget providing complementary domestic support.

Welcoming the joint statement issued by the two countries, it said the framework signals deeper cooperation in critical and emerging technologies at a time when India is expanding its manufacturing and digital infrastructure base.

"The trade framework and the Union Budget together reflect a clear strategic alignment. I...