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Goyal holds talks with global firms on semiconductors, manufacturing, clean energy

The talks focused on joint ventures, supplier development and technology partnerships as India seeks more Dutch capital in advanced manufacturing and clean energy.

  • Indian Commerce and Industry Minister Piyush Goyal held discussions with executives from global companies, including ASML, Nexperia, Ingka Group and Power2X, to explore investment and cooperation opportunities in India.
  • During his meeting with ASML executive Wayne Allan, Goyal explored collaboration in advanced semiconductor technologies, innovation and skills development to strengthen India's position in the global chip industry.
  • Goyal also met Nexperia interim CEO Stefan Tilgner to discuss semiconductor partnerships and ways to build more resilient supply chains by expanding India's electronics manufacturing capabilities.
  • In talks with Ingka Group, which operates IKEA, Goyal highlighted India's growing consumer market and manufacturing capacity as opportunities to expand investment and strengthen global sourcing networks.
  • Goyal's meeting with Power2X founder and CEO Occo Roelofsen focused on cooperation in green hydrogen, renewable energy and emerging technologies as India seeks to attract investment and advance its clean-energy transition.
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Times of India broke the news in India on Saturday, October 24, 2026.
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