Indian ICT industry sees promising growth

 S Mohini Ratna Editor VARINDIA

It is a proven fact that India is an attractive investment destination and Indian SMEs have a bigger role to play in this respect. Prime Minister Narendra Modi’s clarion call “Make in India” is not only for India but for the whole world. In fact, India has already done it in the IT sector, and the Government plans to invest $11 billion in the key focus areas to drive the next wave of technology-backed infrastructure growth. Moreover, the Government's investment in technology for the year 2014-15 is estimated at $26 billion comprising of investment in digitization to the next level and the key focus is to create national optic-fibre networks and to build 100 smart cities with high-speed digital highways along with national solar missions and national gas grids. Information technology will make it abundantly easier and faster to move around smart cities.

The stage is all set to create long-term sustainable growth and reposition India on the global map. Manufacturing electronic goods as part of “Digital India” vision was a call to industrialists, academia and young generation to look at this sunrise sector as the next big opportunity. The Government desires to promote trade and investment between India and other countries and this has attracted heavy foreign investment inflows into India from countries like Taiwan, Japan, China and the USA, and $135-billion investment is expected to come into India’s infrastructure sector from the Japanese and Chinese funds in the coming five years’ time. Going forward, technology innovation is a continuous process. Various initiatives are already afoot for making India digital like rapid expansion of device connectivity and opening of bank accounts with small incentives. Online services have witnessed phenomenal growth, resulting in promotion of telecom industry. E-commerce services imply that one can access all kinds of products through Flipkart, Amazon, e-bay and the like which is also helping in the growth of telecom industry to the next phase with availability of Net access for purchasing anything from anywhere in the world and the products will reach directly from warehouse to the consumers. As a leading technology publication house in the country, we, at VARINDIA, always try to bring the fact-sheet about the efforts of individuals and industries for social, economical and technological growth of the country. In our endeavors, we have been assisted by the industry in some form or the other. I extend my gratitude to all our readers and friends in the industry for their abiding trust and steadfastness, which has stood us in good stead in making VARINDIA’s 15th Anniversary issue a success. With our relentless efforts as in the past, we once again commit ourselves to present on-time valued contents on real-time topics through our publication.