Friday 27th of January 2023

Follow Us

Breaking News

10 million additional jobs can be created in electronics and BPO sector in two years' time: Ashwani Vaishnaw

 NEW DELHI: The Minister for Communications, Electronics & Information Technology and Railways,  Ashwini Vaishnaw has said that 10 million additional jobs can be created in the electronics and Business Processing (BPO) sector in the coming two years, given the strides the start-up sector is making in the country.

While inaugurating the National Level Start-up Initiative organized by the Software Technology Park of India (STPI) and Electronics and Computer Software Export Promotion Council (ESC), here today, the Minister said that the electronics sector alone could create additional jobs between 2.5 - 3 million and the BPO sector could make available 8 million jobs in the coming two years, which will be a substantial addition to the existing level of employment.

 Ashwini Vaishnaw referred to three megatrends that are unfolding in the country as envisioned by the Prime Minister, Shri Narendra Modi. Foremost among them is determination to emerge as the technology leader powered by the country’s talent pool, ingenuity, high level of computer literacy, and commitment to excel. “We have now an ecosystem that gives importance to merit and talent, that can power innovations and disruptions,” he said, adding that such a dispensation never existed before. There is a visible drive to proliferate frontier technologies in areas like telecom, electronics, railways, and other related areas to help India to emerge as a technology leader.

Next in importance, the Minister said, is the manufacturing segment which is witnessing the mindboggling number of innovations, particularly in the mobile telephone system where India has become a major exporter now as against a net importer a few years ago. “It’s a marvellous achievement which we are trying to emulate in other segments including railways, chemicals, power and semiconductor” he said, adding that a lot of R&D efforts are currently underway to Fasttrack technological excellence in various segments.

Diversity is another trend that is discernible now, the Minister observed. This is achieved by digitally connecting tier 2 and 3 cities so that entrepreneurship can be nurtured from these cities to widen the bandwidth of the development. Of the 64 digital hubs that have been implemented, 54 are in small cities and towns, which will have a remarkable impact on the proliferation of start-ups in the country.

 

 Earlier, welcoming the delegates, the Chairman, ESC, Shri Sandeep Narula explained the rationale of the ESC-STPI start-up initiative. 13+ State Conclaves were organized covering Andhra Pradesh, Karnataka, Punjab, U.P., Rajasthan, Tamil Nadu, Telangana, Gujarat, Haryana, West Bengal, Maharashtra, New Delhi, and Odisha. After scrutiny by the Knowledge Partner – Grant Thornton (GT), around 300 Start-ups were invited to join these State Conclaves against 700+ nominations received. Now, the Jury at the national level will select 40 start-ups after a rigorous process of filtering to participate at the US exposure meeting for building industry linkages, interface with venture capitalists, etc. to be held on 10-11 January 2023.

Shri Narula underscored the need for developing an Indian model of start-ups sensitive to the country’s needs, which should not give too much focus on valuation but on sustainability leading to inclusive growth.

Shri Arvind Kumar, Director General, STPI while explaining various schemes initiated by STPI, said that presently the start-up infrastructure in the country is considerably toned up. There are facilities for funding and mentoring start-ups. The government policies also have been start-up and MSME friendly. For instance, he said, the current government has done spectrum allocation and implementation in a record time, while earlier allocations took considerably longer time.

 Ms Padmaja Ruparel, Founding Partner, of IAN Fund mentioned various avenues available for funding start-ups in the country, which never existed before.

Shri Vicky Bahl, Partner, Grant Thronton described the global start-up landscape and stressed the need for India to align with it to move in the value chain.

Related Political Buzz News

Jammu and Kashmir-leg of Cong's Bharat Jodo Yatra begins, Sanjay Raut among several leaders in attended

SRINAGAR: Braving winter rains, Congress leader Rahul Gandhi started his Bharat Jodo Yatra from Hatli Morh in this border district of Jammu and Kashmir on Friday with several prominent leaders, including Shiv Sena (UBT's) Sanjay Raut also joining the Bharat Jodo yatra.  The march, which started....

BJP to fight elections alone in Karnataka: Amit Shah

BENGALURU: Union Minister and senior BJP leader Amit Shah has said that BJP will fight elections alone in Karnataka and also form government in the state. Addressing the booth level workers of BJP in Bengaluru, he said those associated with JD(S) are spreading rumours that BJP will form an alliance ....

Ravi Shankar Prasad slams Rahul Gandhi

 NEW DELHI:The Bharatiya Janata Party on Saturday  hit back at Rahul Gandhi's speech from the Red Fort in Delhi during the Bharat Jodo Yatra. BJP leader and former Union Minister Ravi Shankar Prasad said that Rahul Gandhi is talking about spreading love, but such people are also coming wit....

P Chidambaram Taunts Anurag Thakur's 'goli maaro...' jibe over Congress yatra remark

 NEW DELHI:Congress MP P Chidambaram slammed  Union minister Anurag Thakur for his remarks on the party's ‘Bharat Jodo Yatra’, which entered New Delhi amid Covid-19 scare. While Thakur reminded  Congress about  the increasing cases of Corona across the world globe and....

Recruitment scams expose J&K admin: Mehbooba

Kashmir, Dec 13:-- PDP president Mehbooba Mufti on Tuesday said the claims of corruption-free governance by Jammu and Kashmir administration have been exposed by “back to back” recruitment scams.   She said the administration was sabotaging the future of the local youth.  

Links
Contact
Editor :
Jagadananda Pradhan
Email :
fastmail@yahoo.com
For Ads :
fastmailads@gmail.com
Ph : (+91)6764295999
Contact Us
© 2023 Fast Mail Media Pvt Ltd. All Rights Reserved.
Powered by : FM Media Pvt Ltd.
Developed by : Futuradept Tech