Goyal will be present at the Indo-Pacific Economic Framework next week in San Francisco
New Delhi: Minister of the Chamber of Commerce and Industry Piyush Goyal will be attending the ministerial gathering of the Indo-Pacific Economic Framework (IPEF) in San Francisco through November 13–16.
The ministry of commerce and industry released a statement stating that Goyal would have bilateral discussions with US trade envoy Katherine Tai, US commerce secretary Gina Raimondo, and leaders from a range of sectors and industries during his visit.
It also said that the goals of these discussions would be to remove trade obstacles, encourage investments, and promote more collaboration in fields like innovation and technology.
According to a recent report by news agency Reuters, the Indian trade minister is scheduled to visit Tesla CEO Elon Musk in the US next week, with the goal of advancing the carmaker's aim to penetrate the South Asian market.
Goyal will meet with the CEOs of leading firms in the US and take part in an investors' roundtable.
Along with these interactions, he will talk about potential for American firms to invest in India in areas like electronics, semiconductors, technology, and FinTech. He will also engage with representatives from internationally recognized technology companies, leading entrepreneurs, and academic groups in Silicon Valley.
While strengthening the supply chain and reducing dependency on China are two of the group's objectives, the IPEF is a regional agreement to foster cooperation and economic integration in the Indo-Pacific.
"India is committed to a free of charge, open and inclusive Indo Pacific Continent and would work towards deepening the economic relationship among partners for the growth and development of the region," the commerce ministry said in its statement.
"The framework is inclusive as well as allows flexibility to partner countries to associate with pillars based on their own unique priorities," it said
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