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Manufacturers in India not overly concerned with US tariffs: IT Secretary S Krishnan

Economic Times

Economic Times · 3m ago

Manufacturers in India not overly concerned with US tariffs: IT Secretary S Krishnan

Indian electronics and IT manufacturers are not overly concerned about recent US tariff hikes, though future implications depend on developments. The US imposed an additional 26% tariff on Indian goods, but tariffs are higher for competitors like Vietnam and China. Indian manufacturers maintain a competitive edge due to a focus on scale, quality, and 'Make in India' incentives. The situation is seen as an opportunity to enhance India's role in the global supply chain.

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Indian electronics firms better placed to weather tariffs storm: MeitY secretary

Economic Times

Economic Times · 3m ago

Indian electronics firms better placed to weather tariffs storm: MeitY secretary

India’s electronics industry holds a favorable position amid the Trump administration’s reciprocal tariffs, according to MeitY Secretary S Krishnan. Although local manufacturers haven't raised concerns, the government is prepared for scenarios involving Chinese goods' dumping. Discussions are underway regarding tariffs and a bilateral trade agreement with the US. Cybersecurity remains a priority with a 175% rise in BFSI sector phishing attacks, prompting a focus on local cybersecurity initiatives.

Working towards developing talent for semiconductor and electronics manufacturing: MeitY secretary

Economic Times

Economic Times · 1y ago

Working towards developing talent for semiconductor and electronics manufacturing: MeitY secretary

S Krishnan, the Secretary of the Ministry of Electronics and IT (MeitY), highlighted the need for talent in semiconductor manufacturing during an event by the India Electronics and Semiconductor Association (IESA). He stated that while India has a strong talent pool for semiconductor design, there is a need to develop the talent pool for manufacturing and the supply chain. Krishnan emphasized the importance of technicians and mentioned the substantial growth of electronics manufacturing in India. He also discussed the country's efforts to strengthen the semiconductor supply chain through partnerships with the US, the European Union, and Japan.

Prioritise Nat'l Security Interests: MeitY Secy To Hardware Makers

Inc42 · 1y ago

Prioritise Nat'l Security Interests: MeitY Secy To Hardware Makers

The Ministry of Electronics and Information Technology (MeitY) secretary, S Krishnan, has urged electronic component manufacturers to prioritize India's security interests from the design phase of their projects. He emphasized the need for designing products with security in mind due to the increased national security risks posed by cyber threats. Krishnan also stressed the importance of a resilient supply chain that can withstand geopolitical issues. These directives are significant considering the global race for semiconductor chips, particularly AI chips, which are in high demand and mostly manufactured in Taiwan.

Electronics sector poised to become world's largest manufacturing sector: MeitY

Economic Times

Economic Times · 4m ago

Electronics sector poised to become world's largest manufacturing sector: MeitY

The electronics industry is set to become the largest global manufacturing sector, driven by India's efforts and particularly Tamil Nadu's burgeoning electronics manufacturing cluster. MeitY Secretary S Krishnan highlighted that achieving the ambitious target of USD 500 billion in annual electronics manufacturing necessitates substantial contributions from Tamil Nadu. With its high-quality human resources and increasing investments, the region is attracting major electronics manufacturers. The inauguration of Zetwerk Electronics' facility marks another milestone in this growth trajectory.

India seen as leader in Global South because of digital transformation: Meity secretary

Economic Times

Economic Times · 3m ago

India seen as leader in Global South because of digital transformation: Meity secretary

India is emerging as a leader in the Global South due to its significant digital transformation and advancements in digital public infrastructure (DPI), as stated by Meity Secretary S Krishnan. India is leveraging its experience and talent in AI to benefit not only itself but also other nations, particularly in the Global South. The IndiaAI Mission aims to democratize AI benefits globally. India has signed several MoUs to share its DPI expertise internationally.

Fully home-grown tech must for cybersecurity, cannot depend on other sources: IT Secy - The Economic Times

Economic Times

Economic Times · 18d ago

Fully home-grown tech must for cybersecurity, cannot depend on other sources: IT Secy - The Economic Times

India must develop fully home-grown cybersecurity technology, asserts IT Secretary S Krishnan, emphasizing the critical need for indigenous solutions amid global advancements in quantum computing, which pose risks to current encryption methods. At the release of a whitepaper on Quantum Cyber Readiness, he stressed the urgency for cyber awareness and the development of post-quantum cryptographic standards. With a National Quantum Mission in place and funds allocated, India is prioritizing self-reliance in cybersecurity.

India’s AI LLM path may lie in adaption, not building from scratch, suggests MeitY secretary S Krishnan

Money Control

Money Control · 8m ago

India’s AI LLM path may lie in adaption, not building from scratch, suggests MeitY secretary S Krishnan

S. Krishnan, the Secretary of the Ministry of Electronics and Information Technology (MeitY), suggests that it may not be worth the effort to build a large language model (LLM) from scratch. Instead, he advocates for adapting existing LLMs to specific sectors. This approach aligns with India's strategy to leverage existing technologies rather than compete with global players in foundational LLM development. Krishnan's remarks echo similar sentiments from Infosys chairman Nandan Nilekani, who emphasized the importance of creating sector-focused models trained on locally relevant data.

Increasing value add and component manufacturing are MeitY's next goals: S Krishnan

Economic Times

Economic Times · 1y ago

Increasing value add and component manufacturing are MeitY's next goals: S Krishnan

The Ministry of Electronics & Information Technology (MeitY) aims to increase value addition in the electronics sector and expand India's share of component production, according to IT secretary S Krishnan. He mentioned that the success of the electronics PLI has paved the way for the next phase, which focuses on indigenously designed tablets and more component manufacturing in India. EPIC Foundation has launched an AI-enabled education tablet, designed by VVDN Technologies, MediaTek India, and CoRover.ai, with features for repairability and upgradability. The tablet aims to address digital divide concerns and electronic waste accumulation.

Govt To Extend Import Authorisation Regime Till 2025: MeitY Secy

Inc42 · 8m ago

Govt To Extend Import Authorisation Regime Till 2025: MeitY Secy

MeitY Secretary S Krishnan has announced that the Ministry of Electronics and Information Technology (MeitY) will develop a new mechanism to replace the current regime by 2025. The existing regime focuses on securing the IT hardware manufacturing value chain and the equipment itself. In September, the Directorate General of Foreign Trade (DGFT) extended the import authorization for select IT hardware products, including PCs, tablets, and servers, until the end of 2024.

Economy to grow slower unless more women join workforce: MeitY secretary - The Economic Times

Economic Times

Economic Times · 4d ago

Economy to grow slower unless more women join workforce: MeitY secretary - The Economic Times

S Krishnan, MeitY secretary, emphasized that India's economic growth will remain suboptimal unless more women join the workforce. At an event by Quess Corp and Udaiti Foundation, he highlighted the need for higher female participation, especially in states with aging populations like Tamil Nadu, to balance job demand and availability. Women comprise a significant portion of the workforce in large factories and sectors like IT. Efforts are being made to improve conditions and participation rates.

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