Piyush Goyal stresses on partnership with industries for success of PLI, semiconductor missions

Commerce Minister Piyush Goyal

Commerce Minister Piyush Goyal on August 30 said that the success of key initiatives such as the semiconductor mission and the production-linked incentive (PLI) scheme hinge on effective partnerships between the government and the industry as he again urged businesses to be more forthcoming with ideas.

"The various efforts that have been made, whether it is the semiconductor mission, the PLI scheme, whether it is the effort to skill India through the Prime Minster's package as announced in the Budget, all of this is going to be successful when there is a government-industry partnership," he said, adding that a lot more needs to be done around the ease of doing business in the coming days.

Launched in 2020, the PLI scheme for 14 sectors has an outlay of Rs 1.97 crore, while India's semiconductor mission was approved in 2021 for the development of sustainable semiconductor and display ecosystem in the country.

"We are working on the ease of doing business. I very often appeal to my industry friends, please help us to help you. I need more ideas... We need more ideas. Ideas on what we can do at the central government, ideas on what we can do with the state governments, local bodies and so on. (We) need your engagement, support and your guidance to support the industry with ease of doing business," he said at a CEO Roundtable.

Goyal had come down heavily on domestic industries last month for their lack of ideas and initiatives on a range of policies, including ease of doing business and Make-in-India.

The commerce minister had urged the industry to be more demanding and active in aiding policies that are being designed and implemented by the government.