Piyush Goyal, Union Minister for Commerce Industry, said that the Bay Area is very bullish about the potential that India and Indian businesses and startups have to offer. The Minister said they see great potential in India's huge market of 1.3 billion people and that they interacting with the Venture Capitalists in the San Francisco Bay Area.
He said that Held had an engaging interaction with venture capitalists in the San Francisco Bay Area. They encouraged deeper engagements with the vibrant Indian startup ecosystem. He encouraged them to consider mentorship of early-stage Indian startups to help them scale and succeed.
Goyal met with the CEO of Zscaler, Jay Chaudhry, in San Francisco today. As India continues to grow in the digital space, discussed ways to expand cyber security in the country to ensure a safer and securer Digital India, the Minister tweeted.
Goyal also spoke with Bill McDermott, CEO of ServiceNow, and discussed how AI and machine learning is transforming the Software as a service saS market, and accelerating India's journey to become a 5 trillion economy.
Goyal said that India had come up with a semiconductor policy many months ago, which gave very liberal incentives to companies to come and manufacture in India and set up plants. There are several elements of the SC chain that we already have a good ecosystem in design. He said that they are in dialogue with many companies and several of them have shown keen interest in investing in India. Shri Goyal assured that India was very serious about promoting the domestic semiconductor industry.