Centre to set up committee to boost investment, manufacturing in high-tech sectors

The Centre has decided to set up a committee to facilitate investments and promote manufacturing in technology-intensive sectors including semiconductors, informed the Cabinet Secretariat.

Empowered Committee for Manufacturing in High Technology Areas -- will consider investment and project proposals in high technology areas, take action to facilitate investments and production, and make recommendations for seeking approvals of the competent authority, read an official statement issued on March 19. The Minister of Commerce and Industry will be the chairperson of the 10-member committee.

The committee will be serviced by the Department for Promotion of Industry and Internal Trade (DPIIT), as per the statement.