India to amend regulations for manufacturing investments

During a visit to Japan from August 24-27, 2026, India's Commerce and Industry Minister Piyush Goyal announced that India will amend existing regulations and introduce new rules within two months to address concerns raised by foreign companies, particularly in the semiconductor and automotive components sectors, looking to set up manufacturing operations in India. Goyal stated that he met two companies with such plans and resolved their issues during the meeting, assuring them that regulatory changes would ensure they face no problems. The government has simplified the India — Bureau of Indian Standards framework and is easing approval processes. Goyal also highlighted India's complementary strengths with Japan, including technology, young workforce, and large domestic market, and discussed cooperation in artificial intelligence, semiconductors, and space. He rejected the 'plus one' label for India, emphasizing its standalone merits. The visit includes a delegation of nearly 200 business representatives and aims to strengthen India-Japan economic ties. India also aims to seed $50 billion in semiconductor and associated industries within the next year and a half, following the approval of Semicon 2.0.