Prime Highlights
- Framework to offer BIS exemptions at company, industry, product or project level for equipment and components.
- India projects semiconductor demand climbing to $150 billion by 2032.
Key Facts
- Piyush Goyal unveils plan to exempt high-tech firms from mandatory BIS certification.
- Move aims to strengthen Make in India and attract semiconductor and AI investment.
Background
Commerce and Industry Minister Piyush Goyal has confirmed that the government is building a fresh framework to exempt high-tech companies from mandatory Bureau of Indian Standards certification for equipment and components used to set up manufacturing plants in India.
He shared this update while meeting representatives from Japanese semiconductor and AI firms, after an official from Tokyo Electron raised concerns about certification timelines.
Goyal said the government had already directed BIS and the Ministry of Commerce and Industry to design the framework, which will offer exemptions at the company, industry, product or project level based on need.
He noted the initiative extends beyond Japanese firms and covers high-tech industries broadly, supporting the Make in India program and helping companies bring in equipment without delays.
The minister added that firms entering India to manufacture semiconductor products would continue to uphold strong quality standards even as they access equipment and components at competitive prices.
He described the opportunity as vast and encouraged industry players from both India and Japan to make the most of it, while offering government support in connecting firms with potential investment partners.
Goyal pointed to India’s growing electronics market, projecting semiconductor demand to reach $150 billion by 2032. Separately, Japanese financial institutions reaffirmed strong confidence in India’s long-term growth story, while noting that currency trends and certain regulatory factors could shape near-term investment timing.
Goyal welcomed the input and reaffirmed the government’s focus on strengthening ease of doing business for global investors.
