31.7 C
Delhi

MeitY Secretary Foresees Surge in Employment to 4.5 Million in India’s Electronics Manufacturing Sector

At an industry gathering S. Krishnan, the Secretary of India’s Ministry of Electronics and Information Technology (MeitY) discussed the country’s aims regarding job creation and the growth of its digital economy. Krishnan revealed that India’s electronics manufacturing sector, which currently provides jobs for around 2 million people is looking to double this number to 4.5 million showcasing the government’s employment targets.

MeitY

All You Need to Know About the MeitY Secretary Comments about Employment

Highlighting the opportunities, in the semiconductor industry Krishnan pointed out the expected increase in companies entering this field in the coming years. He emphasized the importance of nurturing this sector over the five to ten years to drive growth and create job prospects. Additionally, Krishnan reaffirmed India’s openness towards the semiconductor industry and its commitment to fostering its development.

Krishnan also stressed on India’s need to establish a digital economy with a target valuation of $2 trillion. He emphasized how emerging technologies play a role in achieving this goal and advocated for involvement in advancing the digital economy over the next 5 to 10 years.

- Advertisement -TechnoSports-Ad
image 102 28 jpg MeitY Secretary Foresees Surge in Employment to 4.5 Million in India's Electronics Manufacturing Sector

Acknowledging the impact of regulations on shaping technology trends Krishnan highlighted the importance of cooperation, between bodies and industry players. He emphasized the need to find an equilibrium between safeguarding consumer interests and meeting industry needs all while ensuring the protection of user data through scrutiny of regulations.

Krishnan also highlighted efforts to strengthen the Digital India Act, especially focusing on tackling concerns related to governance and cyber defense. He underscored the imperative of formulating effective regulations to navigate challenges arising from diverse forms of control, particularly in the realm of cybersecurity.

image 102 29 jpg MeitY Secretary Foresees Surge in Employment to 4.5 Million in India's Electronics Manufacturing Sector

In conclusion, Krishnan underscored the critical importance of sustained dialogue and collaboration between regulators and industry participants to navigate the dynamic terrain of technology regulation and propel the growth of India’s digital economy.

- Advertisement -TechnoSports-Ad

FAQs

  1. <strong>How many people are currently employed in India's electronics manufacturing sector?</strong>

    About 2 million individuals are currently employed.

  2. <strong>What is the government's target for employment in this sector?</strong>

    The government aims to increase employment to 4.5 million in the near future.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

TCL Introduces Flagship Q10K Pro Mini-LED TV Line: Sizes Up to 98 Inches, 4K 144Hz Panel, 3800 Nits Brightness

TCL China has made a significant step in the Mini-LED TV series by launching its flagship Q10K targeting the premium market. Not so long...

Mahindra XUV3XO Panoramic Sunroof Teased: Largest-in-Segment Skyroof Preview

Mahindra has announced the first launch of the fiscal year, revealing the XUV3XO on April 29, 2024. The upcoming launch will be the most...

How to Use Phone as Webcam for Streaming: 2024 Guide

How to Use Phone as Webcam for Streaming - Everything You Need to Know Smartphones always continue revolutionary, and now you can get great cameras...

Black Instagram Highlight Covers Free in 2024: Best Guide

Black Instagram Highlight Covers Free in 2024: Everything You Need to Know In today's evolving world of media, Instagram has emerged as a powerful platform...