Piyush Goyal announces semiconductor and automotive rules in 2 months
Business
India's commerce and industry minister Piyush Goyal just announced that new rules for semiconductor and automotive components are coming within two months.
This move was sparked by talks with two companies planning to build factories in India, and the news dropped during his visit to Tokyo.
Make in India seeks Japanese partnerships
The upcoming changes will simplify importing key equipment and parts, making it smoother for manufacturers to set up shop here. It's all part of the Make in India push to attract global investment.
Goyal also highlighted how India's large domestic market and young workforce fit well with Japan's tech expertise, aiming for stronger partnerships in areas like AI, clean energy, health care, and automotive manufacturing.