02-09-2022 12:07 PM | Source: Accord Fintech
Telecom Minister pitches for adoption of products that designed and made in India
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Telecom Minister Ashwini Vaishnaw has made an aggressive pitch for adoption of products that are designed and made in India, citing better quality and costs, as he affirmed the government's firm resolve to improving ease of doing business and reducing regulations in the sector. He also urged global players to consider developing more partnerships with Indian entrepreneurs, companies, manufacturers, startups and developers.

Listing out India's rapid strides in ushering in new-age technologies, Vaishnaw said the 5G network is in its final stages of development. He stated that the country has also indigenously developed 4G core network and radio network, even as it is participating in development of 6G standards. He said ‘from the government's side, we are committed to reduce regulation, to make sure that the regulation is in tune with times, that the industry feels committed towards investments...the industry finds interacting with the government as a very seamless experience’.

The minister said India has emerged as a major hub for electronics manufacturing. He noted that electronics manufacturing in the country is pegged at about $75 billion and it is growing at more than 20 per cent CAGR. He said 'now we have launched a major semiconductor programme, a very comprehensive one...right from silicon chip to compound semiconductors and design-led manufacturing, to creating a series of entrepreneurs and also finally, to develop 85,000 semiconductor engineers’.