Technology: Target to achieve $300 billion turnover in electronics by 2025: Rajeev Chandrashekhar

New Delhi: India’s courage in the field of technology and digital manufacturing The sector will create 50 lakh jobs in the next three years Rajeev ChandrashekharMinister of State for IT and electronics,
Companies like Apple, Micron and others are looking for reliable partners and economies of scale, Chandrashekhar said at the Times of India Right to Excellence Tech Summit 2023. “We have one of the fastest growing digital economies in the world, and companies are incentivized to increase supply.” Chain in India, the minister said, aims to achieve a turnover of $300 billion in electronics by 2025.
The Minister said that last week saw two major successes of ‘Made in India’. One, for the first time, ‘Made in India’ units of the iPhone 15, which went on sale on September 22, were available in India from day one. Second, Micron laid the foundation stone for its $2.8 billion semiconductor plant in Gujarat. “India has carved out a niche and that’s one of the reasons why companies like Apple are coming to India,” Chandrashekhar said during a fireside chat.

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Companies and other corporates participating in the tech summit were also excited about the growth in India. Tarun Garg, COO of Hyundai in India and Jyoti Malhotra, MD of Volvo Cars, said sustainability and connected will be the theme of new products, while Reema Jain, chief information and digital officer of Hero Moto, said the companies are designing new digital interfaces. . For consumer connect. Rohan Verma, director and CEO of MapMyIndia, said his company has indigenously developed technology products including mapping and these are at par “and even better” than those offered by global giants like Google.
Lieutenant General Deepender Singh Hooda (Retd), former General Officer Commanding-in-Chief of the Northern Command of the Indian Army, said the need of the hour is to be aggressive in stopping cyber attacks. “Defensive measures alone don’t work here because the stakes are too high.” Telecom body COAI Director General Lieutenant General SP Kochhar said that to harness the potential of 5G, it is necessary to have a high quality network. “Collaboration and cost-sharing among stakeholders is essential.”
Xiaomi India President Muralikrishnan B said that 4G devices have helped bridge the digital divide in the country, and now the focus is on bringing 5G smartphones. Pavan Nanda, CEO, Winzo Games, said Indians have an edge in the technology sector and now is the time to attract talent that can not only compete but beat the best players in the world. Anku Jain, MD of MediaTek in India, said 5G will usher in future industries that will be connected and interface with the cloud. Amit Sanyal, COO, Customer Value Solutions at Comviva, said 5G will enable personalization at scale.

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