India is gaining importance not just in terms of design but also in the production of cutting-edge technology and next-generation goods and gadgets.
India is becoming more and more important not only for designing but also for producing cutting edge technology and next-generation products and devices as the global value chains for electronics are being reshaped in the wake of COVID 19. In his speech at the recent Deep Tech Conference – Transformation Through Indigenous Innovation in Bengaluru last week, Rajeev Chandrasekhar, Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT (MeitY), stated as much. MeitY-NASSCOM Centre of Excellence (CoE) – IoT & AI coordinated the event.
“Up until 2014, the majority of India’s digital economy was comprised of the IT/ITes industry. The potential in the digital economic arena have rapidly increased since the Prime Minister Shri Narendra Modi administration entered office and now include industries like internet consumer tech, AI, data plus economy, electronics, space, cars, and space, according to Chandrasekhar. The economy’s marginally digitalized sectors are now moving quickly, each securing their future at the nexus of digitization and deep technology.
Under Modi’s government, deep tech, electronics and semiconductor sectors and designing and manufacturing of next-gen products and devices are going to be important emphasis areas for our digital economy, entrepreneurs and young Indians, Chandrasekhar remarked.
The Minister stated that the talent inputs necessary to be a driver for the expansion of the digital economy have been put in place while highlighting the skilling initiatives of the Government and the provision of Rs8,000 crore for it in the Union Budget.
“During the next three years, 18 to 20 lakh youth will be skilled for both blue-collar and high-tech, industry relevant, and future ready occupations,” he claimed.
The Minister further stated that certain innovation hubs are no longer the only focus of the Indian digital economy.
Creativity and intellect are no longer only found in established places like Bengaluru or Gurugram, according to Chandrasekhar. A supplier to Apple Inc., Foxconn, is building a 300-acre plant outside Bengaluru as part of his discussion on the new opportunities for Karnataka to become a technological centre. He said that it will expand youth employment possibilities and spur the deep tech and electronics manufacturing ecosystems.
Prior to the Minister’s speech, a number of companies presented their inventions, particularly in healthcare, and praised the support they were receiving from the governments of the Central and Karnataka. Chandrasekhar praised MeiTY NASSCOM Centre of Excellence in IoT/work AI’s in Bengaluru for being crucial in fostering the deep tech ecosystem there and in Karnataka.
Ms. Kalavati, SVP, Head of Software-as-a-Service solutions & Software Center of Excellence, and Jitendra Chaddah, VP, India Country Head for GlobalFoundries, were among the other attendees. Chaddah referred to India’s semiconductor policy as “the best policy rolled out by respective nations” and urged Deep Tech Startups to “Stay there – there are going to be lot of opportunities.”
MeitY and Siemens Healthineers recently agreed to collaborate on the development of novel, enhanced, and creative solutions to expand Indian patients’ access to healthcare and diagnostics.
