ENA Sectors 2023-07-24 14:26:51 <p><span style="font-size:14px"><strong>New Delhi, July 24 (KNN)</strong> Union Minister for Commerce and industry Piyush Goyal on Sunday said that the government is using Artificial Intelligence to assess the price movements of different products during the year and startups are being engaged for that.</span></p> <p><span style="font-size:14px">The union minister said this in regards to the tomato prices, which shot up above Rs 200 per kg in some parts of the country.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Speaking at an event organised by CareEdge Ratings, Goyal highlighted the interest of companies like Micron and Foxconn in Indias semiconductor sector. Many companies are already looking at different levels of engagement.</span></p> <p><span style="font-size:14px">On the suspended operations by spinning units in South India, Goyal said that the issue is not only about cotton prices because they equate themselves.</span></p> <p><span style="font-size:14px">Internationally because of the recessionary trend that many market are facing, discretionary spending is down. Therefore, prices and demand are also down, he said. <em><strong>(KNN Bureau)</strong></em></span></p> 34193 https://knnindia.co.in/news/newsdetails/sectors/govt-using-ai-to-determine-price-movement-of-various-products-union-minister-piyush-goyal 2023-07-24 14:26:51 knnindia.co.in