Opportunities to collaborate, invest, and scale in India have never been more promising: Piyush Goyal
New Delhi, June 15
Union Commerce and Industry Minister Piyush Goyal on Monday said that he has invited global businesses to partner in India's growth story, saying the opportunities to collaborate, invest, and scale in the country have "never been more promising" as the country advances towards becoming a global hub for innovation and manufacturing.
Sharing details of his visit to Sophia Antipolis, widely regarded as Europe's first and largest science and technology hub, Goyal said the ecosystem offers a compelling example of how research, talent, and enterprise can come together to drive economic growth and technological advancement.
"As India advances towards becoming a global hub for innovation and manufacturing, the opportunities to collaborate, invest and scale together have never been more promising," he said in a post on social media platform X.
The minister said he visited the technology park after participating in Bharat Innovates 2026 and engaged with industry leaders operating in the innovation hub.
He highlighted that more than 2,600 companies are based in Sophia Antipolis, working across a range of cutting-edge sectors.
"A fascinating visit to Europe's Silicon Valley! Building on the momentum of Bharat Innovates2026, visited Sophia Antipolis, Europe's first and largest science and technology hub," Goyal noted.
"With over 2,600 companies operating across cutting-edge sectors, the technology park offers a compelling example of how research, talent and enterprise can come together to drive economic growth and technological advancement," he highlighted.
Goyal said he held discussions with industry captains and encouraged them to become active partners in India's development journey under the leadership of Prime Minister Narendra Modi.
The visit forms part of the government's broader efforts to showcase India's growing capabilities in technology, innovation and advanced manufacturing while attracting greater foreign investment into the country.
Goyal noted that innovation-driven ecosystems such as Sophia Antipolis demonstrate the importance of fostering collaboration between academia, research institutions and businesses to create sustainable economic growth and technological leadership.
— IANS
Reader Comments
I've been following India's tech boom from the US, and it's incredible to see the government actively courting global partnerships. The focus on innovation ecosystems like Sophia Antipolis shows a real understanding of what drives modern economies. I hope the execution matches the ambition.
Sounds good on paper, but let's see if the ground reality matches the hype. Our startups still face regulatory hurdles, especially in biotech and deep tech. We need consistent policies, not just photo ops at European parks. That said, any push for R&D collaboration is welcome. 🤞
Sophia Antipolis is indeed a marvel - I've visited it once. The key takeaway for India should be the seamless synergy between academia and industry there. Our IITs and IISc have the talent, but we need more such dedicated innovation districts. Hope Goyal ji brings back concrete MoUs! 🇮🇳
As an Australian entrepreneur who's considering India for expansion, this is reassuring. India's market size is unmatched, and the government's focus on 'Innovate in India' is a clear signal. But investors need more clarity on IP protection and exit routes. Still, Goyal's pitch is compelling.
We have the talent, we have the ambition - what we need now is ease of doing business at the local level. Let's hope these high-level talks translate into simpler approvals and better infrastructure. Our small businesses and startups are ready to scale! 😊
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