Indian Commerce Minister Piyush Goyal’s recent visit to the US was marked by high-level meetings and discussions strengthening India’s diplomatic ties with the US and other countries and exploring potential collaborations with Micron.
At the Asia-Pacific Economic Cooperation (APEC) Summit, Goyal met with US President Joe Biden and Japanese Prime Minister Fumio Kishida to discuss furthering diplomatic ties.
Goyal also attended a reception hosted by Biden and First Lady Jill Biden, where he could network with other leaders attending the summit.
During his visit, Goyal met with Micron Technology’s Sanjay Mehrotra and Qualcomm’s Alex Rogers to discuss potential collaborations within India’s semiconductor landscape. This meeting is particularly significant given Micron’s recent announcement of setting up India’s first chip manufacturing plant in Gujarat, which is set to create thousands of jobs.
Goyal also interacted with Silicon Valley entrepreneurs and venture capitalists of Indian origin, where he urged them to help Indian youth working in critical and emerging technology areas such as artificial intelligence.
He also shared India’s vision for the startup ecosystem and discussed setting up joint campuses with foreign universities and academics at Stanford University.
While Goyal’s discussion with US Treasury Secretary Janet Yellen remains to be discovered, he did meet with Juan Carlos Mathews, Foreign Trade and Tourism Minister of Peru, to discuss the progress of the Free Trade Agreement negotiations between India and Peru.
India’s appeal for APEC membership remains unfulfilled despite majority support. However, Goyal’s visit marked an essential step towards strengthening India’s diplomatic ties and exploring potential collaborations with key players in the global semiconductor industry.
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