Union Commerce Minister Invites Singapore For Semiconductor Manufacturing In India
Minister of Railways, Minister of Commerce and Industry, Piyush Goyal has invited Singapore’s companies to invest in semiconductor manufacturing in India. The minister was speaking at the Ficci India-Singapore CEO Forum. Goyal said that e-commerce, fintech, smart manufacturing, and healthcare are significant areas where India offers a large market.Â
The commerce minister said that the government is keen to have more facilities for chips and wafers and semiconductors because India’s total reliance on other countries for semiconductors is not advisable. It is a matter of concern for the country.