A high level meeting was organised in the national capital to understand on how to achieve a US $1 trillion digital economy within four years by creating affordable technology and an inclusive environment. Besides the Union Minister of Law and Justice of India, Shri Ravi Shankar Prasad and Union Minister of State, Ministry of Law and Justice, Shri P P Choudhary, the meeting on building India’s digital economy saw the presence of Indian technology giants and leaders.
There were industry experts like R Chandrashekhar President – Nasscom; Rajan Anandan, VP & Managing Director – Google India; Rishad Premji, Chief Strategy Officer – Wipro; C P Gurnani, MD and CEO- Tech Mahindra; A P Hota, Managing Director & CEO of National Payments Corporation of India; Rajendra S Pawar, Chairman & Co-Founder – NIIT Group, Subho Ray, President – Internet and Mobile Association of India and Kavin Bharti Mittal, CEO – Hike Messenger, among others.
The minister spoke on how the government is committed for deform and perform, by using digital delivery and services like the AADHAR and 2.5 lakh Common Services Centres (CSC) spread across the country. Nearly Rs 1200 crore income has been generated by CSCs. “With this we can definitely achieve the said target, where there is a multi-billion dollar opportunity that exists in areas like IT and IT enabled services, e-commerce, electronics manufacturing, digital payments and cyber security.
While giving a brief of the progress that has been made in the Digital India initiative from the period of May 2014 to June 2017, the Minister said that India became the second largest market for smartphones in the world, with smartphone users rising to 40 crores, mobile phone users to 108 crores and Internet users to 50 crores in 2017. India has also emerged as the 3rd largest start-up eco-system with IT/Technology start-ups dominating the start-up scenario in the country. Nearly 400 new start-ups are coming up every year. The e-commerce market has also seen nearly 100% growth with the figure showing 2.11 Lakh Crore customers shopping online in December 2016. The growth in e-governance transactions has also gone up, with the latest figure from April pointing to 3.5 crore. The growth in Digital Payments has been drastic after demonetization, with Mobile wallet, UPI-based payment, Debit Card, IMPS and Aadhaar enabled Payment System being the top digital payment modes….
See more at: http://www.varindia.com/news/india-to-be-a-1-trillion-digital-economy-in-4-years-ravi-shankar-prasad
The National Association of Software and Services Companies (NASSCOM) has signed a Memorandum of Understanding (MoU) with the Haryana State Electronic Development Corporation Limited (HARTRON), to set up a start-up warehouse in Gurgaon. The MoU was signed in the presence of Hon’ble Shri Manohar Lal Khattar, Chief Minister, Haryana; R. Chandrashekhar, President, NASSCOM; Shri Devender Singh, IAS, Chairman & Principal Secretary to Government, Haryana, Electronics & Information Technology Department; and Nitin Seth, Managing Director & Country Head, Fidelity.
The first-of-its-kind start-up warehouse in Haryana is expected to be functional in the next three months accommodating close-to 85 workstations initially and the occupancy will be expanded in a phased manner. The warehouse will be spread across the 16-acre HARTRON campus and will provide budding entrepreneurs facilities like broadband internet, workstations along with basic facilities like air conditioning to create an environment that is conducive to the new ideas…Read more
As per a latest update, former Telecom Secretary R. Chandrashekhar has taken charge of President of Nasscom. He succeeded Som Mittal who served as the President of Nasscom from 2007 to 2013.
R. Chandrashekhar was the Chairman, Telecom Commission and Secretary of the Department of Telecom, till March last year. He held a variety of key assignments with many of them relating to the ICT sector, both at the Centre and State level. Prior to this, he had established the first Department of Information Technology in the country in the state of Andhra Pradesh and was Secretary of the Department from June 1997 to December 1999.
R. Chandrashekhar expressed, “I feel privileged and look forward to leading Nasscom in its next journey of achieving the vision and aspiration of US$300 billion revenues by 2020. The opportunities are very vast at this particular juncture and exciting times lie ahead for the industry. Going forward, enabling radical transformation of the key sectors in India through the use of ICT to increase access, enhance efficiency and enable innovation in the sector are going to be some of our priority focus areas.”
He also said the Indian IT-BPM industry, which is primarily export-driven, is at an inflexion point as business models shift from traditional labour-based onsite-offshore model to cloud-based and off-premise solutions…….See More