Indian Electronics Manufacturing Sector To Employ About ‘4.5 Million’ People in Next Few Years: Report
In a conversation with Deepak Jacob, Group General Counsel, Dream Sports, Krishnan said that “we expect the digital economy to really grow at an increasing pace in the next few years”.
Mumbai, February 28: The Indian electronics manufacturing sector currently employs close to 2 million people and the country aspires to take that figure to about 4.5 million in the next few years with initiatives like local chip manufacturing, said S. Krishnan, Secretary, IT Ministry here on Wednesday. During a virtual fireside chat at the 'India Digital Summit' (IDS) 2024, Krishnan said that semiconductor is the next big space for the country to grow.
“More companies are likely to come into the space. I think that is the space to grow over the next five to 10 years. Our interest in semiconductors is open,” he told the gathering. “We have close to 2 million people who are employed in the electronics manufacturing sector and we would like to go up to about 4.5 million as well”. Indian Retail Market Expected To Reach 'USD 2 Trillion' in Next 10 Years, Presents Large Opportunity for Retailers: Report.
In a conversation with Deepak Jacob, Group General Counsel, Dream Sports, Krishnan said that “we expect the digital economy to really grow at an increasing pace in the next few years”. On regulation, the IT Ministry secretary said that while balancing consumer protection and diverse requirements, “we thoroughly examine regulations to ensure the safeguarding of user information”. Bill Gates Visits Microsoft India Development Centre in Hyderabad.
The two-day ‘IDS 2024’ was organised by the Internet and Mobile Association of India (IAMAI) in partnership with MeitY, the Ministry of Information and Broadcasting (MIB), Union Ministry of Tourism, UIDAI, Indian Cybercrime Coordination Centre (I4C), Government eMarketplace, In-Space and ‘Skill India Digital’.
(The above story first appeared on LatestLY on Feb 28, 2024 04:21 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).