February 29, 2024
1 min read

India’s Electronics Sector to Employ 4.5M Soon

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….reports Asian Lite News

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”.

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”.

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’.

ALSO READ: Byju’s Fund Misuse Claims Surface

Previous Story

Dailyhunt Eyes Koo Acquisition

Next Story

Retail Market Eyes $2 Trillion by 2030

Latest from Business

India Dominates Global Digital Banking List

Indian banks have observed the most notable gains in day-to-day banking (+9.8 pp) and expanding relationships (+3.4 pp)….reports Asian Lite News As many as 9 Indian banks have been recognised as ‘Digital

India Tops Global Growth Charts Again

India Retains Top Spot as Fastest-Growing Economy, Only Major Nation to Exceed 6%…reports Asian Lite News India remains the world’s fastest-growing major economy and the only nation projected to achieve over 6%
Go toTop

Don't Miss

India condemns North Korea’s ballistic missile test

North Korea on Tuesday conducted its longest-ever weapons test, a

J&K on path of development: Activist at UNHRC

Akhtar said accessible schemes have made it possible to pursue