India and the European Union have agreed to coordinate their policies in the semiconductor sector with an aim to conclude a Memorandum of Understanding (MOU) by September. The Ministry of External Affairs (MEA) said there was an exchange of views on issues of significance like economic security and promoting connectivity projects in third geographies, including agreeing to identify projects for joint implementation. India and the EU also agreed to enhance cooperation on IT & telecoms standardisation, with a particular focus on promoting interoperable standards.