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India: Tech Industry Welcomes the Government’s Vision to Boost Digital Economy

Initiatives to prepare 75,000 skilled entrepreneurs in agro-rural industries through 100 new incubators under ASPIRE scheme

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Tech Industry, Government, Digital Economy
The industry also hailed the attempt to attract technology majors for setting up manufacturing units in areas such as laptop. Pixabay

The tech industry on Friday welcomed the government’s renewed focus on making India a $5 trillion economy by 2025, through investments in infrastructure, digital economy and job creation.

The industry also hailed the attempt to attract technology majors for setting up manufacturing units in areas such as laptop, chipset making and lithium electric batteries.

“Initiatives to prepare 75,000 skilled entrepreneurs in agro-rural industries through 100 new incubators under ASPIRE scheme and training 10 million youth under the Kaushal Vikas Yojana will help create a large pool of skilled manpower in India,” emphasised Sumeer Chandra, MD, HP Inc India.

CP Gurnani, MD and CEO, Tech Mahindra, said the government’s vision of a ‘New India’ will thrive on the confluence of New Age digital technologies, quality education and apt skilling.

Tech Industry, Government, Digital Economy
The tech industry on Friday welcomed the government’s renewed focus on making India a $5 trillion economy. PIxabay

According to Jatin Dalal, Senior Vice President and Chief Financial Officer, Wipro Limited, it is encouraging that the fiscal deficit target has been revised downwards from 3.4 per cent to 3.3 per cent.

“Strengthening PSU banks’ capital and improving RBI’s oversight on the financial sector will likely improve the flow of credit in the economy. A series of measures to enhance capital flows and employment generation are also great steps. Better growth with macro-economic stability will be the ideal outcome,” said Jatin Dalal, Senior Vice President and Chief Financial Officer, Wipro Limited.

According to Kushal Nahata, CEO and Co-founder of logistics-tech start-up FarEye, the government’s focus on building a digital India is again highlighted with its willingness to train people on AI, IoT and Big Data.

“These are key technologies that will transform the supply chain and logistics industry,” he noted.

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The main objective of the budget is to set the groundwork for Prime Minister Narendra Modi’s aspiration of a $5-trillion-dollar economy.

“Arguably, one of the biggest beneficiary of this vision would be the technology industry,” said Suman Reddy, MD, Pegasystems India. (IANS)

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Delhi Government Gives Nod To a Project to Create Reservoirs in Yamuna Flood Plain

The Delhi Cabinet, in its meeting chaired by Chief Minister Arvind Kejriwal, on Wednesday approved the inter-departmental committee report

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The pilot for the project, which has the potential for ending Delhi's water shortage, particularly during summer months, is aimed to start in a month's time. Pixabay

To achieve self-sufficiency of water, the Delhi government on Wednesday gave its nod to a project to create reservoirs in the Yamuna flood plain by store overflowing water from the river during the monsoon season, an official statement said.

The pilot for the project, which has the potential for ending Delhi’s water shortage, particularly during summer months, is aimed to start in a month’s time, the statement said.

The Delhi Cabinet, in its meeting chaired by Chief Minister Arvind Kejriwal, on Wednesday approved the inter-departmental committee report on the project.

The report recommended that an amount of Rs 77,000 per acre should be paid to the farmers for leasing their land for the pilot project.

Delhi, Government, Project
To achieve self-sufficiency of water, the Delhi government on Wednesday gave its nod to a project to create reservoirs in the Yamuna flood plain by store overflowing water from the river. Pixabay

“The farmers will get the sum according to the number of acres of land they give the government on lease for the pilot project,” the government said.

The government claims that the pilot project will prove to be a game-changer not only for Delhi, but for the whole country which is facing huge water crisis in different parts.

It also said the project is first of its kind in the country.

“The important project aims at conserving water in the Yamuna floodplains and creating a mega reservoir between Palla and Wazirabad to deal with the water shortage in Delhi, particularly during summer months,” the government said.

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The project envisages creation of small ponds in the floodplains which will catch overflows from the Yamuna during the monsoon.

“Most of the approvals have been received for the pilot project, barring two from the National Green Tribunal (NGT) committees, which are expected very soon,” it said.

Kejriwal also thanked Union Jal Shakti Minister Gajendra Singh Shekhawat for the quick approvals by the Centre for the project and cooperation Delhi received from Centre for the pilot project. (IANS)