Union Commerce and Industry Minister Piyush Goyal, on Thursday, interacted with Silicon Valley entrepreneurs and venture capitalists (VCs) of Indian origin and requested them to share their ideas to make India a better investment destination for investors from around the world.
The Union minister, who is in San Francisco for the Indo-Pacific Economic Framework (IPEF) meeting, shared his vision for the Indian startup ecosystem and made an appeal to the entrepreneurs and VCs to help India’s young talent working in critical and emerging technological areas such as Artificial Intelligence, said a government release.
Later, he met Micron Technology CEO and president Sanjay Mehrotra and Neil Mohan, CEO, YouTube Inc, and offered his support in their expansion in the Indian markets.
During his interaction with Mehrotra, the minister highlighted how India’s growing semiconductor ecosystem presents vast opportunities for companies to collaborate and expand their businesses.
US-based semiconductor company Micron is setting up India's first chip facility in Gujarat, which will create 5,000 direct and 15,000 indirect jobs in the coming years.
In June, the government cleared Micron's project to set up a semiconductor test and packaging unit worth $2.7 billion in the country.
"Met Mr. Sanjay Mehrotra, CEO & President of @MicronTech. Discussed how India's growing semiconductor ecosystem presents vast opportunities for the company to collaborate & expand its footprint in the country," Goyal said in a post on social networking platform X on Thursday.
During his meeting with Mohan, the minister emphasised on how India’s potential lies in its thriving digital ecosystem, growing content space, and young and diverse demography.
"We discussed how India presents a huge opportunity for @YouTube to further expand collaboration and footprint in the country," Goyal wrote on X.
—With PTI inputs