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Speaking on the debate topic, India’s Techade – A decade of opportunities, Chandrasekhar said that PM Narendra Modi had set out a three-fold vision for IT in 2015: Transform life of citizens through digital governance; expand digital economy; and make India a producer of technology instead of consumer.
“Looking at the pace at which the government is digitalising under PM Modi’s vision of making India a technology superhub, I have never before felt quite as excited as now for India’s tech future,” said the minister.
Here are the key points from his speech:
- In 2015, PM Modi launched the initiative ‘
Digital India ‘. I was in the audience at the time and I had a ‘healthy dose of cynicism/skepticism’ regarding this ambition. - PM Modi set out a three-fold vision for IT in 2015: Transform life of citizens through digital governance; expand digital economy; and make India a producer of technology instead of consumer.
- PM wanted India to be a producer of technologies, not just be a hub for software and back-office work.
- In the last 10 years, which PM Modi refers to as India’s techade, the country has become a pre-eminent user of technology for governance and for its people
- Our focus and vision for India is a $1 trillion digital economy by 2026.
- UPI was built to solve the government’s problem of proper disbursement of funds, and has now evolved into a digital tool. Under the Modi-led Centre, Rs 100 sanctioned from Delhi reaches the beneficiary without leakage or pilferage.
- UPIhas spawned one of the fastest growing fintech ecosystems in the world and thatmodel will continuously be played out as the India stack expands and the Indiastack becomes more and more intelligent.
- We now have start-ups that are creating pieces of the 5G network that arearchitected here, designed here (semiconductors, devices, products, software asa service platforms), internet platforms that are scalable, that are deliveringservices and products to the world.
- India will be among the pack of nations that will shape the future of technology.
- In the post-Covid world, geo-politics, economy and trade are intersecting and technology is at the centre of this.
- Demand for talent in tech space, both India and abroad, is very high. This is an area we are working on. One example is the Future Skills programme targeted for semi-conductor ecosystem.
- Over 20-year-old law governing Internet will replaced soon as the Data Protection Bill is ready and it will be before Parliament in due time.
- Have been in tech sector for 35 years. I have never before felt quite as excited as now for India’s tech future.
- The ‘data economy’ or Internet-plus economy will be expanded and we will shortly launch ‘India Open-Compute’ initiative.
- We are very focused on strategic technologies such as quantum computing, high-performance computing, semiconductors, semiconductor design, and microelectronics.
- There is a shortage of talent in the semiconductor space, the government is working with the industry and has created a future skills program in the higher education and academic ecosystem inIndia. This will start churning out VLSI, design engineers, manufacturingengineers and a whole spectrum of activities that span the semiconductor sector. I suspectthat this talent will be deployed not just in the Indiansemiconductor ecosystem but also global ones.
- Future ‘battles’ will be dominated by technological powers.
- Degrees give you knowledge and skill certification program gives you skills. The world out there requires skills. We’ve 5800 skilling programs.
- The UAE digital minister recently said and I quote, “the future of technologywill have the Indian fingerprint everywhere, on everything digital”.
- We have over the last five years built a nation where 80 crore Indians are online. By 2025, the number will be 120 crore, making India the largest connected country in the world and certainly the largest presence on the global internet.
- 5G, Bharatnet, 4G in all the border districts, these are all decisions that have been taken by the government and that are being rolled out and executed. The pace at which the government digitalises is going to accelerate even further.
The two-day summit is being conducted from February 17-18. The theme of the summit is “Resilience. Influence. Dominance”.
The summit is hosted annually by The Times Group. It brings together thought leaders, policy makers, academicians and corporate heads on a common platform, seeking to provide solutions to key economic challenges.
This year, more than 200 business leaders are speaking across 40 sessions at the summit.
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