The Economic Times

Goyal signals BIS certification exemption for high-tech companies, including those from Japan

India is developing a framework to exempt high-tech companies from BIS certification. This aims to facilitate the setup of manufacturing facilities for advanced industries. Japanese firms had raised concerns regarding complex certification rules for imported equipment. The government seeks to boost the 'Make in India' initiative and attract investments. India's semiconductor demand is projected to reach $150 billion by 2032.