July 7, 2023
The country is emerging as a significant player in global value chains for electronics and semiconductors
Digitization of government, governance, and the economy will further accelerate in the future
India's digital agenda focuses on initiatives to boost electronics and semiconductor manufacturing within the country
The 100,000 unicorn target will be driven by India's talent and ambition to succeed in global value chains
India has the potential to scale up to 100,000 unicorns and possibly 1-2 million startups in the future, according to Minister of State for Electronics Rajeev Chandrasekhar.
Chandrasekhar believes that India’s achievements in the global tech and digital space are only the initial steps, with immense potential for further growth. Highlighting India’s progress in the electronics sector, the minister asserts that the country is emerging as a significant player in global value chains for electronics and semiconductors. India’s ambition to establish itself in these trusted global value chains is an important milestone and indicative of the country’s potential. He further mentioned that India’s digital public infrastructure and the India Stack have showcased how technology can be harnessed for the greater good of society and the nation. he digitization of government, governance, and the economy will further accelerate.
India’s digital agenda focuses on initiatives to boost electronics and semiconductor manufacturing within the country. I key legislation such as the draft Digital India Bill, which is currently in progress, and the draft Digital Personal Data Protection Bill, recently approved by the Cabinet and expected to be introduced during the upcoming monsoon session of Parliament.
Lastly, Chandrasekhar added that he is optimistic about India’s technology, entrepreneurship, and digitalization future. The country has numerous possibilities for growth and considers the target of 100,000 unicorns achievable, driven by India’s talent and ambition to succeed in global value chains.
Source: Economic Times