Inaugurating a national level start-up initiative organized by Software Technology Parks of India (STPI) and Electronics & Computer Software Exports, Minister of Railways, Communications and Electronics & IT Ashwini Vaishnav said that the electronics and BPO sector can generate lakhs of additional jobs. Is. Promotion Council (ESC). He said that the electronics sector alone can generate an additional 2.5 – 3 million jobs in the coming two years and the BPO sector can provide 8 million jobs. This would be a substantial increase in the existing level of employment.
Minister Vaishnav threw light on three megatrends emerging in the country. The first among them is the country’s determination to emerge as a technology leader driven by its talent pool, ingenuity, high levels of computer literacy and commitment to excellence. “We now have an ecosystem that values meritocracy and talent, that can power innovations and disruptions,” he said, adding that this kind of distribution has never existed before. There is a visible drive for dissemination of frontier technologies to help India emerge as a technology leader in sectors such as telecommunications, electronics, railways and other related sectors.
The other trend he highlighted is the manufacturing segment, which is witnessing a huge amount of innovation, especially in mobile telephone systems, where India has become a major exporter from a net importer a few years ago. “It is a wonderful achievement that we are trying to emulate in other sectors, including railways, chemical, power and semiconductor,” he said, adding that a lot of R&D efforts are currently underway to fasttrack technological excellence in various sectors. .
The third trend he highlighted is diversity that is worth watching. This has been achieved by digitally connecting Tier 2 and 3 cities to nurture entrepreneurship from these cities to widen the bandwidth of growth. 54 of the 64 digital hubs implemented are in smaller cities and towns, which will have a significant impact on the proliferation of start-ups in the country.
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