New Delhi: Rajeev Chandrasekhar, Minister of State for Electronics and Computing, Skills Development and Entrepreneurship, participated in the Ideas Summit in India organized by (USIBC) US – India Business Council and talked about creating manufacturing economies.
In her opening remarks, Chandrasekhar mentioned the progress of the world’s largest technology-driven immunization program (COVID-19) currently underway in India. He highlighted the remarkable feat of vaccinating 930 million people and said the goal of vaccinating 1.3 billion people in December will be held soon.
He attributed the success of this program to the vision of Prime Minister Narendra Modi, who emphasized the use of information technology to conduct the largest vaccination campaign ever. The accelerated development of a platform like COWIN has not only provided a solid backbone for this campaign, but has also acted as a tool to empower people now that various governments are eager to use it. He summed it up as a symbol of the rapidly emerging New India under the leadership of Prime Minister Narendra Modi.
Speaking about the impact of the COVID pandemic on the digital economy and the road map ahead, Mr Chandrasekhar informed that “the post COVID world order offers new opportunities for India as the world recedes now turns to new global value chains of trust ”. He called it a “Y2K-type moment”, an inflection point, for the tech industry in India. He added that the rate of digitization across the world is increasing at a rapid rate and India alone has around 800 million users connected to the internet. That number is set to cross the billion mark as soon as the Narendra Modi government aims to achieve universal internet coverage. This will increase the demand for digital products and services and, therefore, stimulate the digital economy.
Emphasizing the important roles of the two ministries entrusted to him, Chandrasekhar remarked: “The Ministry of Electronics and Informatics as well as Skills Development have a vital role to play as India seeks to expand its digital economy to 1,000 billion dollars over the next 5 years. . “
Regarding the manufacturing of electronic products, he mentioned that the government is working on a political roadmap to develop the global ecosystem of design and manufacture of semiconductors and electronic systems which will position India as a major player in this process. sector. “We hope to develop this space through political actions,” he added.
Interacting with Virat Bhatia, Managing Director of Apple India, who moderated the session, Chandrasekhar also informed of the government’s openness to private and public stakeholder consultation in its policy formulation process. “The consultative approach to policy development is in our government’s DNA. Each policy is driven by the dual benefit of ease of life for the consumer and ease of doing business, ”he added. He assured all USIBC representatives and members that “we are open to consultation. We are open to engaging with people. We are setting up advisory groups at MeitY bringing together all stakeholders – academia, industry, to guide us. “
Speaking of the imminent need for skilled people, he mentioned that the rapid pace of digitization has increased the demand for digital services which has exceeded capacity, resulting in a temporary shortage of skilled people. He mentioned that the “PM gave us a mandate to make India the skills capital of India”. He also informed that a new skills approach is being developed with a greater emphasis on traditional and heritage skills, closer links with industry, employability, etc. so that there is a continuous track of skills and development.