Govt will support establishing semiconductor industry in India: Goyal

The statement comes days after Tata Group announced its intention to enter the semiconductor business

Commerce and Industry Minister Piyush Goyal on Thursday said the government will support the setting up of the semiconductor industry in India, which will also help reduce foreign exchange outflows. “There are two sectors that we as a nation need to focus on. 

One is how can we make Indian shipping expand its scope and the business potential of Indian ships, vessels and increase engagement with the shipping industry. Second is the semiconductor industry, as there is a worldwide shortage. 

“The government is committed to supporting both these sectors,” Goyal said. The statement comes days after Tata Group announced its intention to