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Technology: Minister encourages Silicon Valley Indians to share ideas back home

Fiinews by Fiinews
November 17, 2023
in Technology
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Goyal attends roundtable with Stanford, UC Berkeley, Fresno State, UC Santa Cruz, UC Davis

Commerce and Industry Minister Piyush Goyal has encouraged the Silicon Valley entrepreneurs and venture capitalists (VCs) of Indian origin to share their ideas to make India a better investment avenue for investors from around the world.

Goyal also shared his vision for 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.

The Minister participated in a roundtable discussion with prominent academicians at Stanford University, where members of various universities, including Stanford, UC Berkeley, Fresno State, UC Santa Cruz, UC Davis, and University of Silicon Andhra.

The roundtable saw an active exchange of ideas on how India can collaborate and set up joint-campuses with foreign universities, institutions like Stanford.

He also participated in the event “Charting New Horizons: CAs as Catalysts in the US-India Partnership” which was hosted by the Institute of Chartered Accounts of India (ICAI) San Francisco Chapter.

The event consisted of an interactive session with members of ICAI where the Minister emphasised on the role that CAs can play in enhancing the collaboration between India and US.

He held one-to-one meetings with Sanjay Mehrotra, CEO Micron Technology and Neil Mohan, CEO of YouTube Inc.

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. In his discussion with Micron, the Minister highlighted how India’s growing semiconductor ecosystem presents vast opportunities for companies to collaborate & expand their businesses.

While discussing with Neil Mohan, the Minister emphasised on how India’s potential lies in its thriving digital ecosystem, growing content space, and young & diverse demography. Fiinews.com

Tags: Ministry of Commerce and Industry
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