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

New Tax Regime vs Old Tax Regime: Which offers better deductions and exemptions?

In a major relief for taxpayers, the Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income tax. Additionally, salaried taxpayers will benefit from a Rs 75,000 standard deduction, effectively raising the tax-free threshold to Rs 12.75 lakh. The revised tax structure also introduces a

Q3 Results 2025 Live Updates: Swiggy, Reliance Power, Page Industries, Kansai Nerolac Paints, others releasing Q3 results today

Go to Live UpdatesQ3 Earnings Today Live Updates: A number of major companies across sectors have released their Q3 results and now the quarter earnings season is coming close to its end. Till now, companies including Reliance Industries Ltd, Nestle India, Vedanta, Zomato, Hyundai Motor, Tata Motors, Maruti Suzuki India, L&T, Paytm, Asian Paints, Titan

Markets open higher, Nifty near 23,800, Sensex up over 50 points

Indian equity indices opened Wednesday’s trading session gap-down. The NSE Nifty 50 opened 43.65 points, or 0.18%, higher at 23,782.90, while the BSE Sensex rose 54 points, or 0.07%, to open at 78,638.16. The share price of Asian Paints dropped over 4% in the early trade hours, making it the significant loser in the Nifty 50. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

New Tax Regime vs Old Tax Regime: Which offers better deductions and exemptions?

In a major relief for taxpayers, the Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income tax. Additionally, salaried taxpayers will benefit from a Rs 75,000 standard deduction, effectively raising the tax-free threshold to Rs 12.75 lakh. The revised tax structure also introduces a

Q3 Results 2025 Live Updates: Swiggy, Reliance Power, Page Industries, Kansai Nerolac Paints, others releasing Q3 results today

Go to Live UpdatesQ3 Earnings Today Live Updates: A number of major companies across sectors have released their Q3 results and now the quarter earnings season is coming close to its end. Till now, companies including Reliance Industries Ltd, Nestle India, Vedanta, Zomato, Hyundai Motor, Tata Motors, Maruti Suzuki India, L&T, Paytm, Asian Paints, Titan

Markets open higher, Nifty near 23,800, Sensex up over 50 points

Indian equity indices opened Wednesday’s trading session gap-down. The NSE Nifty 50 opened 43.65 points, or 0.18%, higher at 23,782.90, while the BSE Sensex rose 54 points, or 0.07%, to open at 78,638.16. The share price of Asian Paints dropped over 4% in the early trade hours, making it the significant loser in the Nifty 50. 

Swiggy Share Price Today Live Updates, 05 Feb, 2025: Swiggy on the radar

Go to Live UpdatesSwiggy Share Price Today Live Updates, 05 Feb, 2025: The Swiggy share is in news and the counter closed trade on 04 Feb, 2025 at Rs 433.65. The shares touched intraday high of Rs 457.7 in the last trading session while the intraday low was at Rs 428.5. The company’s market capitalization

Zydus Lifesciences Share Price Today Live Updates, 05 Feb, 2025: Zydus Lifesciences on the radar

Go to Live UpdatesZydus Lifesciences Share Price Today Live Updates, 05 Feb, 2025: The Zydus Lifesciences share is in news and the counter closed trade on 04 Feb, 2025 at Rs 971.8. The shares touched intraday high of Rs 974.9 in the last trading session while the intraday low was at Rs 960.25. The company’s