Centre plans to set up mini Silicon Valley in Goa: Piyush Goyal

The central government will collaborate with the Goa government to create a framework to attract high-tech industries, including data centres and semiconductor facilities, aiming to establish a “mini Silicon Valley” in Goa, commerce and industry minister Piyush Goyal said on Friday.

“In this framework, we envision developing Goa as a preferred destination for data centres, semiconductor chip design and development, and high-end electronics and automotive manufacturing,” he said while addressing the Amazing Goa Global Business Summit.

Also ReadCCI probe finds Zomato, Swiggy breached antitrust laws, struck ‘exclusivity contracts’ with partners

Goyal also highlighted plans to create a mini hub for Global Capability Centers (GCCs) of multinational corporations in Goa. “With data storage capacity, infrastructure, and a high quality of life, I am confident Goa will emerge as a business center that the world will envy,” he added.

Also Read Central Park plans Rs 10,000-cr expansion, to foray into realty markets of Goa & Rajasthan Western Railway operates 104 special trains from Udhna Junction – Details Inside J&K: How biscuits helped take down top Lashkar-e-Taiba terrorist in recent Srinagar operation Railway Minister Ashwini Vaishnaw meets passengers at New Delhi station, review amenities during festive rush – Watch

In September, Goyal proposed a new township dedicated to entrepreneurs, startups, innovators, and disruptors, envisioned as India’s Silicon Valley. He acknowledged Bengaluru’s role as India’s current tech capital but suggested a partnership with the National Industrial Corridor Development Corporation (NICDC) to establish a concentrated support area for emerging businesses.

Also ReadAditya Birla Fashion and Retail posts widened Q2 loss of Rs 214.70 crore, revenue up 12.9% YoY

NICDC, a government entity, is responsible for creating 20 smart industrial cities across India’s key corridors, with cabinet approval for 12 cities granted in August.These comments by the minister had led to a mild political storm with Karnataka industries minister M B Patil saying that Bengaluru was not built in a day; it took decades, centuries to build the city. You can build roads and infrastructure but the ecosystem takes decades to build.

Goyal’s remarks sparked some political tension, as Karnataka industries minister MB Patil responded that Bengaluru’s ecosystem took decades, even centuries, to develop, noting that while infrastructure can be built quickly,

 » Read More

Related Articles

Silver ETF AUM crosses Rs 13,500 cr in 3 years, says Zerodha Fund House

Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12

China plans to tie fund manager pay to performance – Lessons for India’s MF industry

The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of

New NPS guidelines issued! Officials told to process like OPS – All you need to know

The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Silver ETF AUM crosses Rs 13,500 cr in 3 years, says Zerodha Fund House

Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12

China plans to tie fund manager pay to performance – Lessons for India’s MF industry

The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of

New NPS guidelines issued! Officials told to process like OPS – All you need to know

The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension

Sukanya Samriddhi Yojana to Mutual Fund SIP, best investment options for your child

Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several

India sees record deal activity in February at $7.2 billion

India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling USD 7.2 billion — the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. “This represents a 67 per cent increase in volumes and a 5.4-fold increase in