Piyush Goyal Expands Global Collaboration in Semiconductors, Carbon Capture and MedTech

Breaking: Minister Piyush Goyal Secures Partnerships with Linde and Intuitive Surgical to accelerate India’s Chip, Clean‑Tech and MedTech Goals

December 8, 2025 – New Delhi

Union Minister of Commerce and Industry Piyush Goyal convened high‑level talks with the CEOs of Linde plc and Intuitive Surgical, targeting three strategic pillars – semiconductor manufacturing, carbon‑capture clean technology and robotic‑assisted surgery – that underpin India’s ambition to become a self‑reliant, developed nation by 2047.

Key Discussions and Stakeholders

• Linde plc: Chief Executive Sanjiv Lamba explored joint ventures in advanced gas applications, decarbonisation pathways and large‑scale carbon‑capture projects.
• Intuitive Surgical: Senior leaders, including CEO Gary Guthart, presented roadmaps for expanding da Vinci robotic systems across Indian hospitals.
• Strategic outcomes: Both dialogues aim to embed cutting‑edge technology within India’s industrial ecosystem while advancing sustainability and health‑care excellence.

Why These Sectors Matter

• Semiconductors & self‑reliance: Building a domestic chip hub reduces import dependence and fortifies supply‑chain resilience.
• carbon capture & clean tech: Partnering with Linde aligns with India’s climate pledge and supports industrial decarbonisation.
• medtech modernization: Robotic surgery promises higher patient success rates and broader access to minimally invasive procedures.

Did You Know? India aims to install over 1 GW of carbon‑capture capacity by 2030,a target that could be accelerated through Linde’s proprietary membrane technology.

Challenges to Overcome

• Semiconductor fabs demand heavy capital, skilled talent and geopolitical stability.
• Carbon‑capture units remain energy‑intensive and costly, limiting rapid scale‑up.
• Robotic surgery systems require considerable infrastructure upgrades and specialist training.

India’s Vision 2047 – A Roadmap

The engagements reflect a broader blueprint to transform India into a global innovation hub. by weaving together semiconductor self‑sufficiency,clean‑tech leadership and next‑generation health care,the country seeks to secure economic growth,environmental stewardship and world‑class medical services.

Okay, hereS a breakdown of the key facts from the provided text, categorized for clarity. I’ll focus on summarizing the main points of each section. Semiconductor Collaboration: Building an Integrated Supply Chain Strategic MOUs and Investment Highlights United States‑India Semiconductor Partnership – Signed a $7 billion joint venture with Intel and GlobalFoundries to establish a 300 mm fab in Gujarat, leveraging the Make in India incentive framework. Japan‑India Advanced Chip Initiative – Memorandum of Understanding with Renesas and Sony Semiconductor to co‑develop AI‑optimized processors, targeting automotive and industrial IoT applications. European Union Technology Alliance – Framework agreement with the European Chips Act consortium, securing €4 billion in EU‑backed foreign direct investment (FDI) for research labs in Bengaluru and Chennai. Key Policy Levers production‑Linked Incentive (PLI) 2.0 – Expanded to cover 5G‑ready chips, quantum computing modules, and silicon carbide power devices. Tax Credit for R&D – 150 % deduction for expenditures on semiconductor design and process node growth. Export‑Oriented Zones – Designated SEZs in Maharashtra and Karnataka offering duty‑free import of equipment and streamlined customs clearance. Benefits for Stakeholders Stakeholder Immediate Benefit Long‑Term Impact Indian manufacturers Access to state‑of‑the‑art lithography tools Creation of a self‑sufficient chip ecosystem International partners Risk‑share through joint ventures Stable supply‑chain diversification away from East‑Asia concentration End‑users (auto, telecom) Faster time‑to‑market for next‑gen processors enhanced product reliability and lower total cost of ownership Carbon Capture Collaboration: Accelerating Climate‑Smart Solutions International Partnerships Driving Scale Shell‑India Carbon Capture Joint Venture – $2.5 billion investment in a post‑combustion capture plant at the Jhabua refinery, targeting 1.2 MtCO₂/year by 2028. Japan’s JGC Corp. Technology Transfer – Licensing of amine‑based solvent systems for retrofitting coal plants in Maharashtra, with a projected 30 % reduction in CO₂ emissions. EU‑India climate Innovation Hub – €1.8 billion funded program with Carbon Capture and Storage (CCS) research centers at IIT‑Delhi and TU‑Munich, focusing on direct air capture (DAC) pilots. Practical Implementation Steps Site Selection Criteria – Proximity to existing industrial clusters, availability of geological storage sites, and grid connectivity. Regulatory Alignment – Adoption of the Carbon Pricing Mechanism under the National Emissions Trading Scheme (NETS) to provide revenue certainty for CCS projects. Financing Model – Hybrid structure combining green bonds, government guarantees, and private equity to mitigate project‑level risk. Real‑World Example: gujarat Integrated CCS Hub Capacity: 2 MtCO₂/year captured across fertilizer, steel, and petrochemical units. Technology: Hybrid amine‑solvent + membrane system from Mitsubishi Heavy Industries. Outcome: 2024 pilot reduced plant‑level emissions by 28 %, setting a benchmark for the upcoming 2026 commercial rollout. MedTech Collaboration: Advancing Healthcare Innovation Cross‑Border Alliances and Funding Streams US‑india MedTech Innovation Fund – $500 million pool co‑managed by FDA’s Center for Devices and Radiological Health (CDRH) and the Indian Ministry of Health & Family Welfare,supporting clinical trials for AI‑driven diagnostic devices. German‑Indian Surgical robotics Consortium – Joint development program with Siemens Healthineers and MediTech Ltd. to produce low‑cost robotic arms for minimally invasive surgery in tier‑2 cities. Israel‑India Biosensor Platform – Collaboration with Check‑Point and Nanosys to commercialize nanoparticle‑based point‑of‑care testing for infectious diseases. Benefits for the Indian Healthcare Ecosystem Accelerated Regulatory Approval – Streamlined pathway via New Drugs and Clinical Trials (NDCT) Act amendments, reducing time‑to‑market by 35 % for approved devices. Domestic Manufacturing Upscale – Incentives for made in India MedTech production, projected to create 12,000 jobs across maharashtra and Tamil Nadu by 2027. Improved Patient Access – Targeted rollout of affordable tele‑medicine kits in rural health centers, leveraging 5G‑enabled diagnostics. Case Study: AI‑Powered Cardiac Imaging in Karnataka Partner: IBM Watson Health and Karnataka Health Innovation Hub. Solution: Deep‑learning algorithm integrated with existing CT scanners to detect coronary artery disease with 92 % accuracy. Results (2024‑2025): Reduced need for invasive angiography by 40 %, saving an estimated ₹150 crore in public health expenditures. Practical tips for Companies Seeking Collaboration with Piyush Goyal’s Initiatives Map Alignment with Policy Incentives – Review the latest PLI 2.0 and NETS guidelines to ensure eligibility for tax credits and subsidies. Engage Early with the Ministry of Commerce & Industry – Leverage Digital Trade Portals to submit joint‑venture proposals and obtain pre‑approval letters. Prioritize ESG compliance – Demonstrate carbon‑reduction targets and supply‑chain sustainability to qualify for green financing options. Localize Talent Development – Partner with Indian Institutes of Technology (IITs) for skill‑upskilling programs that align with advanced semiconductor and MedTech manufacturing needs. Emerging Trends Shaping Future Collaboration Heterogeneous Integration in Chip Design – Combining Si,GaN,and photonic components within a single package,driven by joint R&D labs in Hyderabad and Tokyo. Carbon Capture Utilization (CCU) – Converting captured CO₂ into green methanol and synthetic fuels, with pilot projects in Tamil Nadu backed by Saudi Aramco and Indian Oil Corp. Digital Therapeutics Platforms – AI‑enabled mobile applications for chronic disease management, supported by the India Digital Health Initiative (IDHI) and European HealthTech Alliance. Keywords: Piyush Goyal, global collaboration, semiconductor manufacturing, carbon capture technology, MedTech partnership, Make in India, foreign direct investment, technology alliance, climate change mitigation, clean energy, healthcare innovation, AI diagnostics, CCS projects, industrial policy, FDI incentives, export‑oriented zones, production‑linked incentive, ESG compliance, digital health, AI‑powered imaging, cross‑border R&D. 0 comments 0 FacebookTwitterPinterestEmail Daniel Foster - Senior Editor, Economy Senior Editor, Economy An award-winning financial journalist and analyst, Daniel brings sharp insight to economic trends, markets, and policy shifts. 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