Piyush Goyal Strengthens Global Ties in Semiconductors, Carbon Capture and MedTech

Union Minister of Commerce and Industry Piyush Goyal has held a series of high-level meetings with global industry leaders to deepen collaborations in semiconductors, carbon capture, and medtech—three sectors critical to India’s long-term economic and technological ambitions.

Key meetings and partners

• Linde plc: CEO Sanjiv Lamba met with Goyal to discuss opportunities in advanced manufacturing, decarbonisation, and carbon capture technologies.
• Linde’s strategic role: A global leader in industrial gases and clean energy solutions, positioned as a key partner to strengthen India’s industrial ecosystem while aligning with sustainability goals.
• Intuitive Surgical: Senior executives engaged with Goyal on expanding robotic-assisted surgery in India; globally led by CEO Gary Guthart.
• Medtech impact: Collaboration could accelerate India’s adoption of cutting-edge medical robotics and modernize healthcare delivery.

Strategic importance

• Semiconductors & self-reliance: Build a major hub for chip production, reduce import reliance, and strengthen supply chain resilience.
• Carbon capture & clean tech: Partnerships with Linde support climate commitments and industrial decarbonisation.
• Healthcare modernization: Robotic surgery systems can improve patient outcomes and expand access to advanced procedures.

Challenges ahead

• Semiconductor supply chains: Fabs require massive capital, skilled talent, and geopolitical stability.
• Carbon capture costs: Technologies remain expensive and energy-intensive; scalability is a key hurdle.
• Medtech adoption: Robotic systems are costly, needing infrastructure upgrades and specialized training.

India’s Vision 2047

These engagements underscore India’s broader goal of becoming a self-reliant developed nation by 2047. By strengthening ties in semiconductors, clean tech, and medtech, India is positioning itself as a global innovation hub while advancing sustainability and healthcare.