Goyal signals BIS certification exemption for high-tech companies, including those from Japan
India is developing a framework to exempt high-tech companies from BIS certification. This aims to facilitate the setup of manufacturing facilities for advanced industries. Japanese firms had raised concerns regarding complex certification rules for imported equipment. The government seeks to boost the 'Make in India' initiative and attract investments. India's semiconductor demand is projected…
Commerce and industry minister Piyush Goyal has signaled that the Indian government is working on a framework to exempt high-tech companies, including those from Japan, from mandatory Bureau of Indian Standards (BIS) certification for equipment and components needed to set up manufacturing facilities in India. This framework could provide exemptions at various levels, such as company, industry, product, or project, depending on the requirements.
The aim is to ensure timely availability of equipment, goods, and services for high-tech firms setting up manufacturing operations in India and support the Make in India initiative. The issue was raised by a representative of Tokyo Electron, a major Japanese semiconductor equipment maker.
Brief written by urgent.news from The Economic Times - Economy's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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