Piyush Goyal asks industry to setup semi-conductor fabrication plant soon in India

New Delhi: Commerce and industry minister Piyush Goyal on Tuesday said the government is mapping the entire land bank available for manufacturing and urged industry to come up with a semi-conductor fabrication plant soon terming it a “missing piece” in India’s manufacturing.

“We are mapping the entire land bank available for manufacturing…We need to have a fab coming to India quickly now. That is a missing piece,” Goyal said at a virtual event organised by the Electronics and Computer Software Export Promotion Council.

The minister asked the industry to identify such units which can be moved to India from other countries where they are not viable, and look at clusters where an ecosystem can be created where all clearances are online.

He also said that televisions, air conditioners and closed circuit televisions have been identified as certain sectors where the level of indigenization can increase in the country.

On the issue of work from home in services industry, he said: “Visa or not, we can provide the world with value proposition”

“We are trying to work on a framework by which we can capture the data of IT services exports. Right now, ether is only RBI data on services,” he said.

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