Tokyo, Aug. 24 -- Union Commerce and Industry Minister Piyush Goyal said India will amend existing regulations and introduce new rules over the next two months to address concerns raised by companies seeking to set up manufacturing operations in the country. He said he met two major corporations earlier in the day--one planning to establish semiconductor equipment manufacturing in India and another operating in the automotive components sector.

"Both had certain issues and we were able to resolve them through two phone calls in the middle of the meeting and have already declared the framework that we will follow," Goyal said during a fireside chat with Nikkei Asia Editor-in-Chief Akito Tanaka here.

"I have assured them that within the n...