Introductory Memo
To navigate in an uncertain world, one has to be certain about one’s approach. India appears to be treading this path. It is attempting to ensure future-readiness with energy, chips, and strategic partnerships. Was this the idea behind Prime Minister Narendra Modi’s six-day tour of the UAE, the Netherlands, Sweden, Norway, and Italy? A look at the outcomes gives that impression. India secured $40 billion in investments, India's first semiconductor fab deal with ASML, a strategic oil storage agreement, an AI supercomputing cluster, upgraded partnerships with four nations, and fresh momentum for the IMEC trade corridor. The five-nation tour is another step towards India building its own technological and economic independence, piece by piece.