Need to capture larger share of international cloud market, data processing market: Piyush Goyal
Union Commerce Minister Piyush Goyal has said that there is need to capture a larger share of the international cloud market and data processing market, while focusing on local talent employment. Launching a report by the Niti Ayog on India's Technology Services, Goyal said he would prefer attracting more investments into India, rather than deploying Indian talent overseas. He said they should be employed locally so that they can live with their families.
The minister said Indians are good at AI, especially applied AI. He mentioned the current practice of sending Indians to foreign lands, paying them dollar or euro salaries, which are five times what the companies would pay them locally.
He said India is going to achieve its 500 GW non-fossil fuel capacity target by 2030, which will support the growth of data centres. He noted that the data centre capacity projection by 2030 is very small, and after the announcement of the tax holiday till 2047, the entire landscape around the segment will change significantly.
