Union Minister Piyush Goyal met leaders of Swiss firm MKS PAMP and startup Chara Technologies to discuss strengthening India's manufacturing, innovation, and global integration in precious metals and rare-earth-magnet-free electric motors.
Union Commerce and Industry Minister Piyush Goyal on Thursday held separate meetings with the heads of Swiss precious metals company MKS PAMP and Bengaluru-based startup Chara Technologies, discussing opportunities to strengthen India's manufacturing capabilities, innovation ecosystem and integration with global value chains.
Discussions with MKS PAMP
In a post on X, Goyal said he met Marwan Shakarchi, CEO of MKS PAMP Group, to discuss India's role in the global precious metals industry. Calling the interaction "productive", Goyal said the discussions focused on "deepening India's engagement in the global precious metals ecosystem, with emphasis on strengthening supply chain integrity and driving innovation in advanced refining capabilities and precious metals services." The minister added that both sides also "explored opportunities for sustainable value creation and greater integration with global markets."
Boosting Indian Innovation
In a separate meeting, the Union Minister met Bhaktha Keshavachar, Founder and CEO of Chara Technologies, and praised the company's work on developing rare-earth-magnet-free electric motors. "It was a pleasure meeting Mr. Bhaktha Keshavachar, Founder & CEO of Bengaluru-based Chara Tech, whom I had also recently interacted with at Bharat Innovates 2026 in Nice, France," Piyush Goyal said. Highlighting the company's technology, Goyal added, "Their work on developing rare-earth-magnet-free electric motors is an excellent example of how Indian innovators are creating sustainable and globally relevant solutions, while strengthening the vision of a self-reliant India."
The meetings are part of the government's continued engagement with industry leaders and technology companies to promote innovation, strengthen manufacturing capabilities and expand India's participation in global supply chains. (ANI)
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