IN TODAY'S WORLD, technology drives economic progress and geopolitical stature, with influence dependent on creating cutting-edge products for domestic and international markets. It's time to transition from a service-based model for design & manufacturing to a product-based model. Electronics & Semiconductor (E&S) are the backbone of the economy, infrastructure, national security and strategic advancements must be prioritized as cornerstones of the nation's economic strategy.
Currently, Indian products account for less than 10% of the $200+ billion electronics and semiconductor consumption. Key reasons for this include joining ITA-1 before domestic firms were ready for global competition, along with large companies lacking a product mindset. Also, there was the government focus on manufacturing and limited venture funding, plus scarcity of business and product talent.
Esta historia es de la edición December 30, 2024 de Financial Express Hyderabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 30, 2024 de Financial Express Hyderabad.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Agritech to create 80K jobs in 5 yrs: Teamlease
THE AGRI-TECH SECTOR is expected to create 60,000-80,000 new employment opportunities over the next five years, a senior executive of TeamLease Services said.
Regulation, deals, crypto: Fintech themes for 2025
INDUSTRY INSIDERS OPTIMISTIC THAT THE TIDE WILL TURN
Bhopal gas tragedy: 40 yrs later, toxic waste leaves Union Carbide factory
FORTY YEARS AFTER the Bhopal gas tragedy, the shifting of some 377 tonne of hazardous waste began from the defunct Union Carbide factory on Wednesday night for its disposal, an official said.
Data protection rules get home ministry's nod
The government has approved new data protection rules, which will include specific provisions for minors and exemptions for certain entities.
Dec GST mop-up at ₹1.77 lakh cr
The significant increase in both domestic and export refunds indicates that the overall refund framework is now stable and its implementation on a sound footing.
Boost quality control, fix fair pricing: Shah to NCOL
Cooperation Minister Amit Shah on Wednesday directed National Cooperative Organic Ltd (NCOL) to strengthen quality control and establish fair pricing for its \"Bharat Organics\" brand as the government seeks to expand organic farming nationwide.
An inspiration for India's Quantum Mission
THE SUCCESS OF Google is a shot in the arm for India's Quantum Computing Mission as this demonstrates the feasibility and great potential of quantum computing and will act a motivation to strengthen the ecosystem. India should speed up
AI, Convergence, and Beyond
Firms poised to scale up AI deployments into full production
Large quantum computers a reality in the near future
With the ability to solve problems in minutes that would take classical computers septillions of years, quantum technology promises breakthroughs in climate modeling, drug discovery, logistics, and AI advancements, potentially reshaping industries.
Virtual companions, real consequences
It is imperative to set up legal frameworks and ethical guidelines that safeguard users, especially those most vulnerable, from unintended consequences of AI
