All this means is America has offered to sell India equipment relating to AI, semiconductors, telecommunications (all the latest buzzwords).
Nothing will come of it just like all the other "deals" India makes with other countries. Americans won't give Indians access to proprietary information and Indians will be too cheap and poor to buy anything.
Public deals like this are just photo ops for public (mainly Indian) consumption. Your average Indian will watch this on youtube and think wow, America is asking India for help with semiconductors and AI, India really is a superpower and Modi is a god.