Govt prepares package of incentives for semi-conductor manufacturing
Prime Minister Narendra Modi said India is investing in developing indigenous capabilities in telecom technology such as 5G and 6G in preparation for the future with world-class capabilities in quantum computing.
India’s Space programme, a vital part of our economy and security, is now open to innovation and investment from the private sector, he said in a keynote address to the Sydney Dialogue on 18 Nov 2021.
“India is already a major centre for providing cyber security solutions and services to corporates around the world. We have set up a Task Force with our industry to make India a global hub for cyber security.
“We have the benefit of our skills and global trust. And now, we are focusing on hardware,” said Modi.
The Government is preparing a package of incentives to become a key manufacturer of semi-conductors, he told delegates at the dialogue.
“Our production linked incentive schemes in electronics and telecom are already attracting local and global players to set up bases in India.”
Elaborating, he pointed out that India is one of the leading nations in artificial intelligence and machine learning, especially in human-centred and ethical use of artificial intelligence. “We are developing strong capabilities in Cloud platforms and cloud computing.”
The greatest product of technology today is data. “In India, we have created a robust framework of data protection, privacy and security. And, at the same time, we use data as a source of empowerment of people.
“India has unmatched experience in doing this in a democratic framework with strong guarantees of individual rights,” he said. #technology #investment #science /fiinews.com
