India Electronics Manufacturing Sector To Employ 4.5 Million People In Next Few Years

India Electronics Manufacturing Sector To Employ 4.5 Million People In Next Few Years

On regulation, the IT Ministry secretary said that while balancing consumer protection and diverse requirements, "we thoroughly examine regulations to ensure the safeguarding of user information".

IANSUpdated: Wednesday, February 28, 2024, 03:52 PM IST
article-image
India Electronics Manufacturing Sector To Employ 4.5 Million People In Next Few Years | Representative pic

The Indian electronics manufacturing sector currently employs close to 2 million people and the country aspires to take that figure to about 4.5 million in the next few years with initiatives like local chip manufacturing, said S. Krishnan, Secretary, IT Ministry here on Wednesday.

During a virtual fireside chat at the 'India Digital Summit' (IDS) 2024, Krishnan said that semiconductor is the next big space for the country to grow. "More companies are likely to come into the space. I think that is the space to grow over the next five to 10 years.

Our interest in semiconductors is open," he told the gathering. "We have close to 2 million people who are employed in the electronics manufacturing sector and we would like to go up to about 4.5 million as well".

In a conversation with Deepak Jacob, Group General Counsel, Dream Sports, Krishnan said that "we expect the digital economy to really grow at an increasing pace in the next few years".

On regulation, the IT Ministry secretary said that while balancing consumer protection and diverse requirements, "we thoroughly examine regulations to ensure the safeguarding of user information".

The two-day 'IDS 2024' was organised by the Internet and Mobile Association of India (IAMAI) in partnership with MeitY, the Ministry of Information and Broadcasting (MIB), Union Ministry of Tourism, UIDAI, Indian Cybercrime Coordination Centre (I4C), Government eMarketplace, In-Space and 'Skill India Digital'.

RECENT STORIES

Supreme Court Cancels Bail Of DHFL's Dheeraj Wadhawan In ₹34,000 Crore Bank Fraud Case

Supreme Court Cancels Bail Of DHFL's Dheeraj Wadhawan In ₹34,000 Crore Bank Fraud Case

Anil Ambani Leaves ED Office After 10 Hours Of Questioning In Bank Loan 'Fraud' Case (VIDEO)

Anil Ambani Leaves ED Office After 10 Hours Of Questioning In Bank Loan 'Fraud' Case (VIDEO)

President Donald Trump Proposes Tariffs Up To 250% On Imported Pharmaceuticals To Boost US...

President Donald Trump Proposes Tariffs Up To 250% On Imported Pharmaceuticals To Boost US...

Russia Backs India’s Right To Trade Amid US Tariff Threats

Russia Backs India’s Right To Trade Amid US Tariff Threats

Keystone Realtors Q1 Net Profit Drops 44% To ₹14.51 Crore Amid Lower Income; Pre-Sales Hit Record...

Keystone Realtors Q1 Net Profit Drops 44% To ₹14.51 Crore Amid Lower Income; Pre-Sales Hit Record...