Semicon push: Regulatory norms for high-tech industries to be eased, says Goyal
India's Commerce and Industry Minister Piyush Goyal pledged to ease regulatory norms for high-tech industries such as semiconductors, in a bid to boost Japan's involvement in India's semiconductor and electronics manufacturing ambitions. Addressing Japanese companies at a Semiconductor and AI roundtable, Goyal assured Japanese firms that regulatory hurdles and certification requirements would be minimized, along with the creation of Japan-friendly social infrastructure in key hubs like Dholera and Sanand.
The minister emphasized that India's semiconductor demand was expected to reach $150 billion by 2032, making it a crucial market for Japanese companies. Goyal emphasized the importance of Japan's participation across the entire semiconductor value chain, from chip design and equipment to fabrication, packaging, research, and talent development.
He also highlighted the collaboration's evolution since the 2023 Memorandum of Cooperation between India's Ministry of Electronics and Information Technology and Japan's Ministry of Economy, Trade, and Industry.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
