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Home Banking & Finance

Industry told to think of a better way of handling electronic waste

Fiinews by Fiinews
December 8, 2020
in Banking & Finance, Exports, Investment, Manufacturing, Technology
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PM wants stakeholders to work together for a timely roll-out of 5G

Prime Minister Narendra Modi has called on the industry to think of a better way of handling electronic waste and create a circular economy and consider forming a task-force the task.

“We have a culture of replacing handsets and gadgets frequently,” he said, calling on stakeholders to make India a global hub for telecom equipment, design, development and manufacturing.

He also wants them to work together to ensure a timely roll-out of 5G to leapfrog into the future and empower millions of Indians.

It is important to think and plan how to improve lives with the upcoming technology revolution, Modi told the ‘India Mobile Congress (IMC) 2020’ through video conference on 8 Dec 2020. The IMC 2020 is themed “Inclusive Innovation – Smart, Secure, Sustainable”.

He stressed on getting “Better healthcare, Better education, Better information and opportunities for our farmers, Better market access for small businesses are some of the goals that can be worked on.”

The Prime Minister stressed, “It is because of mobile technology that we are able to provide benefits worth billions of dollars to millions of Indians, we were able to help the poor and vulnerable quickly during the pandemic. We are seeing billions of cashless transactions which boost formalisation and transparency and we will also enable a smooth contactless interface on toll booths.”

The Prime Minister expressed satisfaction on achieving success in mobile manufacturing in India, adding that India is emerging as one of the most preferred destinations for mobile manufacturing.

Ravi Shankar Prasad, Union Minister for electronics and information technology and Communications, also asked manufacturers at the IMC 2020 to tap and explore the enabling atmosphere available in India.

He urged global manufacturers to come to India to manufacture and export, pointing out that emerging Digital Technologies including artificial intelligence, machine learning, Cloud Computing, Data Analytics, etc. present a huge opportunity in the country.

Artificial Intelligence should not be monopolised and not become a tool of weaponisation but it should lead to the empowerment of the ordinary people, said Prasad.

The IMC 2020, held virtually 8-10 Dec 2020, is jointly organized by the Department of Telecommunications (DoT) and Cellular Operators Association of India (COAT). It has 30+ participating countries, 210 speakers, 50+ thought-leadership sessions, 150+ exhibitors, 3,000+ CXO level delegates. #technologies #investment #manufacturing #exports /fiinews.com

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