Due to COVID-19 pandemic, the situation of semiconductor industry has faced a major crisis. The shortage of semiconductor not only impacted Indian business but also outside countries.
But, situation has to be improved and government is taking numbers of initiatives to sort out the situation. Recently, Piyush Goyal, Commerce and Industry Minister, Government of India has announced that the government will support the semiconductor industry in India.
The announcement has been made after the TATA group shared its plan to enter in semiconductor industry.
The minister is also expecting that large companies will take interest in the shipping industry, which will give the right impetus to the crucial sector for the country’s foreign trade.