Piyush Goyal, who is on a four-day visit to US, earlier held a meeting with the CEO of Micron Technology Sanjay Mehrotra and discussed how India's growing semiconductor ecosystem
In June this year, Micron Technology had announced its plans of investing $825 million in a new chip assembly and testing plan in Gujarat
Elon Musk apologises for failing to meet minister at California plant
Elon Musk was unable to meet with Piyush Goyal in person as he was unwell and could not travel to California
Commerce and Industry Minister Piyush Goyal is in the US for a four-day visit. He reached San Francisco on November 13.
He said in September Tesla was aiming to source components worth between $1.7 billion and $1.9 billion from India this year, having bought $1 billion of components last year
During the meeting, the leaders emphasised ways of enhancing cooperation between India and Singapore in emerging and futuristic areas
The IPEF ministerial meeting is scheduled to take place during November 13-14, which is likely to see 'significant updates' on the progress of negotiations
Earlier this month, Reuters reported that Tesla is planning to build a $26,838 car at its factory near Berlin
Tesla and India have been in talks for several months with the US carmaker open to setting up a factory but also keen to get lower import taxes for some of its high-end vehicles
SEZs have emerged as an important contributor to India's exports
He said India has already flagged its concerns over the carbon tax with the European Union (EU) and in the WTO (World Trade Organization)
Bharat Atta will be distributed by NCCF, NAFED, physical outlets of Kendriya Bhandar and also be made available at other cooperative and retail stores
The Union Minister lauded the popularity of Narendra Modi and his determination to take the nation to new heights
Those who control standards and have the ability to maintain high standards are the ones who will control the markets, prices and processes and become manufacturers and innovators of tomorrow, he said
"We will find a solution around a domestic tax to take care of equating with European taxes on carbon emissions," he said at an industry event
In the meeting, Goyal urged the governments to collaborate on a regulatory framework to ease the movement of supply chains and facilitate cross border trade, an official statement said
Goyal's remarks reflect a close and growing interplay between trade and geopolitical tensions around the world, amid concerns that the conflict in the Middle East could spread
Goyal will also co-chair a conclave session on the theme From Risk to Opportunity: Strategies for Emerging Economies in the New Industrial Policy Era along with the Saudi Arabian Investment Minister
Commerce and Industry Minister Piyush Goyal launched a training module on 'Role of CBIC (Central Board of Excise and Customs) in PM Gati Shakti'