India and Lithuania on Tuesday agreed to work in the areas of deep tech startups as well as forge lasting ties in manufacturing of semiconductor chips.
Responding to the keen interest of the Indian minister to give a further fillip to startup culture to create more job opportunities and wealth creation, Aemaitis assured him that Lithuania has robust know-how and capacities in life sciences, biotechnology and other STEM areas and keen to have cooperation between the two countries in high tech startups.
The Lithuanian Minister mentioned that a global MNC from his country, “Teltonika” is working with Taiwan for manufacturing of sophisticated chips and the company has a presence in India also and can take collaboration of chip making to a new height in years to come.
The Department of Science & Technology, through the MEA, has been negotiating a Science & Technology Agreement with Lithuania since 2010. In April 2010, a revised Indian counter-draft incorporating few minor modifications was formally submitted to the Lithuanian side and its formal response is still awaited.