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India can be a world leader in tech once it becomes the third-largest economy: IT minister Ashwini Vaishnaw

Economic Times

Economic Times · 1y ago

India can be a world leader in tech once it becomes the third-largest economy: IT minister Ashwini Vaishnaw

India has the potential to become a world leader in technology such as artificial intelligence and semiconductor chips once it becomes the third-largest economy in the world, according to Ashwini Vaishnaw, the Union Minister of Electronics and IT. With a positive outlook and international recognition, India is currently the fifth-largest economy and is projected to become the third-largest by 2027. The country's progress in electronics manufacturing, exports, and startups has showcased its capabilities and potential for growth. Digitization, simplification of laws, and welfare programs are contributing to India's development goals by 2047.

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India to launch first made in India chip in 2025: Ashwini Vaishnaw

Inshorts · 7m ago

India to launch first made in India chip in 2025: Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw has reportedly said that the first made in India chip will be rolled out this year. Speaking at the World Economic Forum in Davos, he said, "Now we are looking at the next phase, where we can get equipment manufacturers, material manufacturers and designers in India."

Ashwini Vaishnaw takes charge of IT ministry; promises focus on tech, manufacturing

Economic Times

Economic Times · 1y ago

Ashwini Vaishnaw takes charge of IT ministry; promises focus on tech, manufacturing

Union Minister Ashwini Vaishnaw has emphasized the government's commitment to bolstering India's position as a global leader in semiconductor and electronics manufacturing. In charge of the Ministry of Electronics and IT (MeitY), Vaishnaw highlighted the transformative impact of government initiatives like Digital India, which has empowered citizens through programs like Jan Dhan and Aadhaar over the past decade. Retaining his portfolio in the Modi 3.0 government, Vaishnaw aims to leverage technology for positive change in the lives of Indian people, particularly the youth, and promote a future driven by new-age technology.

'Disappointing': Ashwini Vaishnaw reacts to Mark Zuckerberg's incorrect claim on Lok Sabha elections

Economic Times

Economic Times · 8m ago

'Disappointing': Ashwini Vaishnaw reacts to Mark Zuckerberg's incorrect claim on Lok Sabha elections

Union Minister Ashwini Vaishnaw criticized Meta founder Mark Zuckerberg’s claim that incumbent governments, including India, lost the 2024 elections due to COVID-19 handling as factually incorrect. Vaishnaw highlighted India’s achievements, such as free food, vaccines, and economic growth under PM Modi, who won a third term. Zuckerberg’s comments, made during a podcast with Joe Rogan, were countered by Vaishnaw, emphasizing that the 2024 elections reaffirmed trust in Modi’s government.

Union minister Ashwini Vaishnaw launches $1 billion fund for creator economy

Economic Times

Economic Times · 6m ago

Union minister Ashwini Vaishnaw launches $1 billion fund for creator economy

Union Minister Ashwini Vaishnaw announced a $1 billion fund to boost the creator economy, unveiled during a session on the upcoming World Audio-Visual and Entertainment Summit (WAVES) 2025 in New Delhi. Scheduled for May 1-4 in Mumbai, WAVES will serve as a platform for digital content creators, offering access to funding and global opportunities. Additionally, India's first Indian Institute of Creative Technology will be established near Film City, Mumbai, with a government allocation of Rs 391 crore.

ET Startup Awards: Hardika Shah of Kinara Capital named the Woman Ahead

Economic Times

Economic Times · 11m ago

ET Startup Awards: Hardika Shah of Kinara Capital named the Woman Ahead

- ET Startup Awards 2024: Minister Ashwini Vaishnaw presents Woman Ahead award to Hardika Shah of Kinara Capital. - Hardika Shah expresses satisfaction in empowering women. - Kinara Capital's Hardika Shah receives recognition at ET Startup Awards 2024 for her outstanding contribution. - Minister Ashwini Vaishnaw commends Hardika Shah's efforts in empowering women. - Woman Ahead award recipient, Hardika Shah, emphasizes the importance of empowering women in society.

Ashwini Vaishnaw on Broadcast Bill: There will be huge focus on the creators' economy

Economic Times

Economic Times · 11m ago

Ashwini Vaishnaw on Broadcast Bill: There will be huge focus on the creators' economy

- Union Minister Ashwini Vaishnaw highlights the importance of the creators' economy in India - Technology plays a crucial role in the media and entertainment sector, according to the minister - Traditional industries like radio and broadcasting have transformation opportunities in the age of new technologies - The minister discusses the evolving landscape of the Information and Broadcasting sector - Soft power is a significant factor in India's rise in the global context

Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms

Economic Times

Economic Times · 1y ago

Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms

Karnataka's IT minister Priyank Kharge met with the union IT minister Ashwini Vaishnaw to request fiscal incentives for the electronics and semiconductor sector. Karnataka is working on developing a conducive ecosystem for these industries and is already a leader in housing innovative companies and contributing to India's industrial output. Kharge emphasized the need for funding to support infrastructure upgrades, skill development, research and development, and other initiatives. He highlighted the presence of major companies in Karnataka, including Texas Instruments, Intel, Samsung, and General Electric, and the state's efforts in creating specialized clusters for electronics manufacturing.

Global South Nations Tapping India’s Experience To Build DPI Ecosystem: Bill Gates

Inc42 · 1y ago

Global South Nations Tapping India’s Experience To Build DPI Ecosystem: Bill Gates

Bill Gates praised India as a global leader in innovation, particularly in sectors like technology, healthcare, and agriculture. He specifically highlighted India's digital public infrastructure (DPI) and how other countries are using India's expertise to build their own DPI systems. This recognition comes as India becomes the world's third-largest fintech economy, driven by the adoption of digital payment systems and other financial services facilitated by DPI.

Sam Altman appreciated PM Modi's vision on tech: Ashwini Vaishnaw

Inshorts · 7m ago

Sam Altman appreciated PM Modi's vision on tech: Ashwini Vaishnaw

IT Minister Ashwini Vaishnaw on Wednesday met OpenAI CEO Sam Altman, who is currently on a visit to India. "PM Narendra Modi guides us to democratise technology. Sam appreciated PM's vision," Vaishnaw said. "Had a super cool discussion with Sam on our strategy of creating the entire AI stack- GPUs, models and apps," he added.

Google Has Agreed To Restore All Delisted Apps: IT Minister Ashwini Vaishnaw

Inc42 · 1y ago

Google Has Agreed To Restore All Delisted Apps: IT Minister Ashwini Vaishnaw

Google has agreed to reinstate all the apps that were delisted from its Play Store by restoring their status as of March 1, according to India's IT Minister, Ashwini Vaishnaw. The move follows constructive discussions between Google, the minister, and Indian startup founders. The row began after Google removed hundreds of apps, claiming that they had been restored when they had actually been re-listed under a new billing system. Indian startups argue that the new system imposes high commissions and requires extensive paperwork for third-party payment gateways.

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