Commerce Minister Piyush Goyal to meet Elon Musk, Tesla's India foray on agenda; will also interact with POTUS
10.11.2023 - 11:27
/ tech.hindustantimes.com
/ Elon Musk
/ Narendra Modi
/ Will
Union Commerce and Industries Minister Piyush Goyal is scheduled to visit the US from November 13-17 to attend the Indo-Pacific Economic Framework (IPEF) ministerial meeting and has been invited to attend the Asia-Pacific Economic Cooperation Summit in San Francisco.
On the day of his arrival, the minister is scheduled to meet with Tesla chief Elon Musk, sources familiar with the plans told ANI.
The meeting between Goyal and Musk will stress Tesla's plans of foraying into India and the manufacture of more Tesla components in the country.
This meeting comes almost four months after Musk met Prime Minister Narendra Modi in New York City and expressed his interest in making significant investments in the country.
The Union minister will also interact with two top US officials, including US Secretary of Commerce Gina Raimondo and US Trade Representative (USTR) Katherine Tai, to strengthen the partnership between the two nations and strengthen trade and economic ties. The Commerce minister will also interact with ministers from other IPEF partner countries on the sidelines of the IPEF ministerial.
Goyal and Raimondo will also jointly participate in the United States-India Business Council (USIBC) event on the margins of the Asia-Pacific Economic Cooperation (APEC) economic leaders meeting.
"We're going to be talking in that meeting with a number of companies, USIBC members, but also with startups in the innovation space to talk about how to foster even more unicorn-like startups between the United States and India,l" Atul Keshap, president, USIBC, told ANI.
APEC in San Francisco will see some of the most influential world leaders and business executives convene, discuss vital issues, and collectively shape the trajectory of a region that holds immense importance for global prosperity, stability, and sustainability. The summit programme will highlight the potential of collaboration and fresh thinking to build the future through a focus on Sustainability, Inclusion, Resilience, and Innovation.
This year's summit will also bring together 20 leading CEO's representing companies such as Microsoft Pfizer, Uber, Citibank, Fedex, Exxon Mobil Corp to name a few, many of which, have deep economic interests in the Asia Pacific region and China in particular.
"So for the United States to invite India to this APEC summit in San Francisco, to me is a really big deal. India is not a member of APEC, although it asked to become a member back in 1991 when APEC was formed. And I think this administration is actually putting a lot of effort into trying to reach out to India to include it in our trade efforts around the world. Look at the Indopacific economic framework," the former diplomat said.
At this summit, Goyal will have a brief