Phenomenal interest in India’s semiconductor industry, says Piyush Goyal

economictimes.indiatimes.com:

Piyush Goyal Sunday said that industry’s interest in India’s semiconductor sector is “phenomenal” and that companies like Micron and Foxconn are looking at various levels of engagement. “It is process driven. These are things that don't happen overnight…It’s not like somebody in my own state in Maharashtra some of the politicians who say I completely lost that government and that the project decided to shift to another neighboring states,” Goyal said at an event organised by CareEdge Ratings.

Goyal said: “Many companies, not only advanced technologies and Micron but many companies are already looking at different levels of engagement. Foxconn is looking at it in a different perspective. Vedanta is tying up with others.

Tatas are getting active in that space,” he said. On tomato prices, which shot up above Rs 200 per kg in some parts of the country, he said the prices have risen in this pre-monsoon period. “The government activated processes moved tomatoes from the producing areas to North India and which are not traditionally tomato growing and which are affected because of the heavy rains and floods in the hills, which we are all aware of.

Nature has caused it,” Goyal, who is also consumer affairs minister, said. He said the government is using Artificial Intelligence to assess the price movements of different products during the year and startups are being engaged for that. On spinning units in South India having stopped spinning for the last two weeks, Goyal said the issue is not only about cotton prices because they equate themselves.