Commerce and Business Minister Piyush Goyal has met Micron Know-how CEO and President Sanjay Mehrotra within the US and mentioned enterprise alternatives within the rising semiconductor sector in India.
The minister is in San Francisco for the Indo-Pacific Financial Framework (IPEF) assembly.
US-based semiconductor firm Micron is establishing India’s first chip facility in Gujarat, which is able to create 5,000 direct and 15,000 oblique jobs within the coming years.
In June, the federal government cleared Micron’s mission to arrange a semiconductor check and packaging unit value USD 2.7 billion within the nation.
“Met Mr. Sanjay Mehrotra, CEO & President of @MicronTech. Mentioned how India’s rising semiconductor ecosystem presents huge alternatives for the corporate to collaborate & increase its footprint within the nation,” Goyal stated in a submit on social networking platform X on Thursday.
He additionally held a gathering with YouTube CEO Neal Mohan.
“We mentioned how India presents an enormous alternative for @YouTube to additional increase collaboration and footprint within the nation,” Goyal added.
In the meantime, the Indian commerce ministry in an announcement stated that Goyal additionally interacted with Silicon Valley entrepreneurs and enterprise capitalists (VCs) of Indian origin.
The minister inspired the contributors to share their concepts to make India a greater funding avenue for buyers from world wide.
He urged the entrepreneurs and VCs to contribute and assist India’s younger expertise working in vital and rising technological areas corresponding to synthetic intelligence.
Goyal additionally participated within the Asia Pacific Financial Cooperation (APEC).
APEC membership contains Australia; Canada; Chile; China; Indonesia; Japan; Korea; Malaysia; Mexico; New Zealand; Peru; Philippines; and Russia.
