NEW DELHI, Feb 20 : India has emerged as most favoured technology partner in the last years reversing the missed opportunities of last 75 years, IT Minister Rajeev Chandrasekhar said on Tuesday.
Talking about India’s evolving position vis-a-vis China, particularly in area of semiconductors, he said there has been a significant shift in the momentum.
“There is a trend today that, in terms of China, the momentum they had over the last decade in the areas of emerging and high tech, is slowing down and becoming blunter because of all the export control regimes being put against them,” he said.
They (China) are certainly not viewed as a trusted partner in the future of tech. “I can confidently say that India is reversing the missed opportunities of the past 75 years. We have today two full-blown fabs, with $10 billion fab investments coming into the country after decades,” he said while participating in the Mumbai Tech Week.
India is also partnering with the best partners for technology for the future of semiconductors. So, along with the design innovation ecosystem on semiconductors, which is going to design the next generation chips and devices, “we are also launching India Semiconductor Research Centre which is going to be a state of the art research center where the world’s biggest semiconductor makers will research in India,” the Minister added.
He also said that the Narendra Modi Government will ensure that it will exploit Artificial Intelligence (AI) to the maximum in order to enhance Government services and lives of the people.
Reflecting on his extensive entrepreneurial experience spanning over 12 years, the Minister remarked, “The telecom sector had some of the biggest scams. So, there is also a healthy dose of cynicism and skepticism when the Government talks about regulation because there is a feeling that regulation is either pushing for a particular agenda or pushing forward the need for the Government or a politician to control.”
But this government’s approach is to creating a framework of regulation has been open, transparent, and consultative. (UNI)
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