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Indian Telecom Minister Pegs ‘Digital India’ as $1 Trillion Bussiness Oppurtunity

Indian Telecom Minister Pegs Digital India as 1 Trillion Bussiness Oppurtunity pardesi news 1459247812

India’s Communications and IT minister Mr. Ravi Shankar Prasad has said that Digital India will be a $1 trillion business opportunity, combining the requirements of the telecoms, IT/ITeS and electronics manufacturing sectors.

At the annual India 2016 conference organised by the Harvard Business School and Harvard Kennedy School in Kolkatta. The Communications and IT minister Ravi Shankar Prasad said that Digital India will be at least a $1 trillion business opportunity, if we put together the requirements of the telecoms, IT/ITeS and electronics manufacturing sectors.  According to the minister, the ambitious 'Digital India' initiative, "is designed to bridge the digital divide and empower citizens, more particularly the poor and deprived, to seek new opportunities in their life".

The Indian Telecom minister emphasized that as a whopping 65% of the country's 1.25 billion-strong population is in the age group of 35 years and below, and it will take the nation faster towards digitilisation.

He emphasized that the government, under leadership of the Indian PM Modi is building a robust broadband infrastructure for digital delivery of services, including e-education and ehealth, with the rapid rollout of a countrywide optical fibre cable network that will "connect all gram panchayats" or the village blocks.

Mr. Prasad also said the eCommerce space is also growing at over 65% in India and its will expand more to rural and semi-urban cities.

 

According to him the ongoing digitisation of postal department along with the business process outsourcing activity in the rural areas areas is a step forward to propel the Digital India dream. "The vast network of our postal services is being used for delivery of e-commerce goods, which has led to an enormous increase in our parcel revenue," said the telecom Minister.  According to the minister, the recent finalisation of long pending telecom policy issues such as spectrum trading/sharing, harmonisation coupled with the preference to open source IT applications have also strengthen the digital services delivery infrastructure in the country.

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Patrick Callahan

Pardesi News Reporter

Pardesi News Reporter

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