New Delhi, Sep 2 (IANS) The India Semiconductor Association (ISA) and Britain’s UK Trade and Investment (UKTI) Wednesday signed an agreement for promoting business ties and technology exchange in the semiconductor sector.
The agreement will enable Indian and British firms to work together on business opportunity areas, combining complementary knowhow, technology, intellectual property and other capabilities, a UKTI statement said.

“India and the UK play a significant part in the semiconductor industry but together, I believe, our two industries can do much more,” said UKTI India director Jane Owen.

“UK is a world leader in innovation and India has a massive electronic manufacturing sector which drives the semiconductor industry,” Owen added.

UKTI is Britain’s international business development organisation, supporting businesses seeking to establish in the country and helping domestic companies grow internationally.

ISA has around 130 members in India and outside and aims to establish the country as the preferred global destination for semiconductor, systems and solar photovoltaic companies.

It also worked with the central government in formation of the Indian Semiconductor Policy 2007.