February 6, 2024
2 mins read

‘Digital India FutureLABS’ Fuels Startup Dreams

The government also plans to soon establish the India Semiconductor Research Centre….reports Asian Lite News

The government on Saturday launched the ‘Digital India FutureLABS’ initiative that will enable partnerships between the government, startups and large enterprises to foster the next-generation electronics design ecosystem, thus catalysing the next wave of startups from the country.

Launching the initiative that aims to boost India’s electronics and IT sector by establishing a research and innovation framework, promoting leadership in standards, IPs, systems and platforms, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said that India has been at the forefront of building technologies, intellectual properties and solutions for its citizens as well as for the world.

“Digital India FutureLABS is the last piece of a framework in an architecture that our Prime Minister Narendra Modi put together long back. That started way back in 2015 with ‘Digital India’ launch and many years of creating an enabling framework to make India a trusted hub for manufacturing electronics for the consumers of the world,” Chandrasekhar told the packed house at the Indraprastha Institute of Information Technology (IIIT)-Delhi here.

‘Digital India FutureLABS’ will be coordinated by C-DAC to provide the dedicated thrust to following key growth areas — automotive, compute, communication, strategic electronics and Industrial electronics/IoT.

’Digital India FutureLABS’ is the last important foundational block to position India as the world leader in technology and showcase Indian entrepreneurs’ innovation skills, said the minister.

FutureLABS would help build high-performance, globally competitive systems that would be in addition to having the characteristics of being affordable, low cost and trusted.

The government also plans to soon establish the India Semiconductor Research Centre.

“Semiconductor research will also be something that India will focus on. And now we have ‘Digital India FutureLABS’ that will round off, in a sense, our ambition of making sure there is an Indian flag on almost every piece and slice of the technology innovation ecosystem in the coming decade,” the minister noted.

The ‘Digital India FutureLABS’ programme will also include tier 1 suppliers and automotive industrial platforms, focusing on designing and innovating systems for the future.

It focuses on strengthening the domestic innovation ecosystem through collaboration, driving sustainable growth and fostering technological progress.

ALSO READ: Hyundai Champions ‘Mobility for All’ at Bharat Expo 2024

Previous Story

‘UAE Real Estate Booming’

Next Story

Small and Mid-Caps Surge, Large-Caps Lag

Latest from India News

India emerges as a global humanitarian powerhouse

India’s steady evolution into a global humanitarian leader reflects a fusion of compassion, strategy, and capability — a quiet revolution redefining power through empathy and decisive action. India’s foreign policy has undergone

Tel Aviv Halts Progress on West Bank Bills

The vote was carried out during US Vice-President J.D. Vance’s visit to the country….reports Asian Lite News Israel has frozen the West Bank annexation bills that had cleared a preliminary vote in

India Hails Trump’s Role in Gaza Deal

Delhi credits Washington for reviving hopes of Middle East stability…reports Asian Lite News India has praised US President Donald Trump for his role in securing the landmark Gaza agreement, saying the move

Piyush Goyal Woos German CEOs to Invest in India

Goyal is in Germany to engage with CEOs and industry leaders to boost bilateral trade and investment….reports Asian Lite News Commerce and Industry Minister Piyush Goyal met several top CEOs and industry
Go toTop

Don't Miss

UPI Soars 35% to Rs 20.64 Lakh Crore

The total UPI transaction count went up almost 4 per

Celebrating Holi in unique ways

Travel platform Agoda has curated a list of destinations where