Union Minister Piyush Goyal on November 16 interacted with Silicon Valley entrepreneurs and venture capitalists (VCs) of Indian origin in the United States. He is currently in San Francisco to attend the ministerial meeting of the Indo-Pacific Economic Framework (IPEF), under which pacts are being negotiated on areas such as supply chain resilience.
During his interaction, the minister encouraged the participants to share ideas to make India more attractive to investors from around the world. Goyal also shared his vision for the Indian startup ecosystem and urged the entrepreneurs and VCs present to contribute and help India’s young talent working in critical and emerging technological areas such as artificial intelligence.
Following the interaction with Silicon Valley VCs, he wrote on X (formally twitter), “Had an engaging interaction with Silicon Valley Entrepreneurs & Venture Capitalists. Highlighted how India's young talent, vibrant business ecosystem & growing economy present the perfect opportunity for investments.”
On the third day of his visit to the United States, the Union Minister for Commerce and Industry also met with YouTube CEO Neal Mohan and Micron Technology CEO Sanjay Mehrotra, the Commerce Ministry said in a statement.
“As part of these bilateral meetings, the minister discussed prospects of these companies with respect to their India presence and offered his support in their expansion to Indian markets,” it said.
Detailing his discussions with the two CEOs, the ministry said: “In his discussion with Micron, the minister highlighted how India’s growing semiconductor ecosystem presents vast opportunities for companies to collaborate and expand their businesses. While discussing with Neil Mohan, he emphasised how India’s potential lies in its thriving digital ecosystem, growing content space, and young and diverse demography.”
Later, Goyal also wrote in a social media post, “We discussed how India presents a huge opportunity for YouTube to further expand collaboration and footprint in the country.”
He also wrote about his meeting with Mehrotra on X. “Met Mr Sanjay Mehrotra, CEO & President of Micron Tech. Discussed how India's growing semiconductor ecosystem presents vast opportunities for the company to collaborate & expand its footprint in the country,” the post read.
Earlier this year, Prime Minister Narendra Modi had also met Mehrotra in Gandhinagar, Gujarat, and the two had discussed about Micron Tech’s plans to boost India’s semiconductor manufacturing ecosystem. This meeting had come a month after the US chipmaker had announced its plans to invest $825 million to set up a plant in the state.