Commerce and Industry Minister Piyush Goyal recently engaged in a significant meeting with Micron Technology's CEO and President, Sanjay Mehrotra, during his visit to San Francisco for the Indo-Pacific Economic Framework (IPEF) meeting. The focus of their discussion centered around exploring and maximizing business opportunities within India's burgeoning semiconductor sector.
Micron Technology, a prominent US-based semiconductor company, is actively involved in establishing India's inaugural chip manufacturing facility in Gujarat. This strategic initiative is anticipated to generate substantial employment opportunities, with projections indicating the creation of 5,000 direct jobs and an additional 15,000 indirect jobs in the coming years. The establishment of this chip facility not only aligns with India's ambition to bolster its semiconductor industry but also contributes significantly to economic growth and technological advancement.
The meeting between Minister Goyal and Micron's leadership underscores the collaborative efforts between India and global industry leaders to harness the potential of the semiconductor sector. As the world witnesses an increasing demand for semiconductors, such collaborations and investments are pivotal in positioning India as a key player in the global semiconductor market, fostering innovation, economic development, and job creation. This venture also reflects the commitment of both nations to strengthen economic ties and enhance technological capabilities through mutually beneficial partnerships.