Piyush Goyal promises BIS certification relief for high-tech sector firms
Goyal said he had taken note of concerns raised by Japanese companies over BIS certification requirements and that the government had already instructed the BIS and the Commerce and Industry Ministry to work on a framework to address the issue.
Commerce and Industry Minister Piyush Goyal announced on Tuesday that his government is developing a framework to exempt high-tech sector companies, such as those from Japan, from mandatory Bureau of Indian Standards (BIS) certification for equipment and components necessary to set up manufacturing facilities in India. The announcement came after Japanese companies expressed concerns over BIS certification requirements.
Goyal addressed Japanese firms representing semiconductors and AI sectors in India, emphasizing the government's commitment to supporting the Make in India initiative. The proposed framework could provide exemptions at various levels, including company, industry, product, or project-based exemptions. This move aims to ensure timely availability of equipment, goods, and services for high-tech firms setting up manufacturing operations in India, thereby supporting the government's push for sustainable growth in the electronics manufacturing sector.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
