The Future 💰

iCET — U.S.–India Initiative on Critical and Emerging Technology

📅 September 2025

What it is

A bilateral framework for strategic technology and defense-industrial cooperation between the United States and India. Announced May 2022 (Biden–Modi readout), officially launched January 31, 2023 (Sullivan–Doval meeting, Washington).

Shepherded by: NSC (U.S.) and NSCS (India). Supported by: MEA (India) and State Department (U.S.). Deliberately kept as a framework — not a treaty or formal institution — to preserve agility.

Priority sectors

Sector Key outcomes (as of Oct 2024) Status
Semiconductors Micron ATMP (Gujarat), LAM/Applied Materials, TATA-PSMC fab, national security fab Delivering
Space Artemis Accords signed, NASA-ISRO spaceflight framework, NISAR (delayed) Delivering
Export controls Strategic Trade Dialogue, BIS workshops, Entity List down to single digits Delivering
Defense (INDUS-X) GE F414 (80% ToT), MQ-9B UAVs signed, 3 summits, SOSA Delivering
AI $2M grant, Track 1.5 dialogues, GPAI presidency, AI safety institute pending Lagging
Biotechnology Bio-X initiative announced (June 2024), NSF–DBT framework Early stage

Key mechanisms

Export control progress

Structural features

Comparable frameworks

Framework Parties Anchor Notes
iCET US–India NSC/NSCS Template others are copying
UK–India TSI UK–India NSAs Announced July 2024
EU–US TTC EU–US Ministerial More institutionalized; often cited as model for iCET upgrade
INDUS-X US–India (defense) DIU + iDEX Sub-initiative under iCET
Bio-X US–India (biotech) NSF + DBT Announced June 2024
NATO DIANA 24 NATO allies Multi-sovereign VC $1B fund; referenced as INDUS-X fund model

Strategic context

US motivation: China de-risking (supply chains, military supplies mandate by 2028), bridge between innovation ecosystems
India motivation: economic development, manufacturing base, technology access, avoiding single-source dependencies
China factor: necessary but not sufficient explanation — the relationship has independent value via diaspora, talent, and complementary capabilities