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DeitY looks for Investments from CeBIT 2016

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The Indian government is aiming at global IT trade fair, CeBIT 2016 for attracting investments and establishing foreign collaboration in the field of Electronics and Information Technology. The fair is being held in Hannover, Germany from March 14 to March 18, this year.

The secretary of Department of Electronics and Information Technology (DeitY), Aruna Sharma, is going to be representing India at the fair and will be presenting a case there for attracting investors in India’s Electronic and IT sectors.

According to DeitY, “Aruna Sharma is leading a government -industry delegation to participate in CeBIT 2016.” The delegation comprises of key officials from Central as well as State governments. There will also be key executives from the  Information & Communications Technology companies.

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This move is in an effort to attract investments worth $100 billion by 2020 in the Electronic System Design & Manufacturing (ESDM) segment, under the Indian government’s  ‘Make in India’ program.

The government is taking several steps to boost electronics manufacturing in India. As per the National Policy on Electronics, Indian electronics industry is going to reach a market demand of $400 billion by 2020. Also, as per the Ministry of Commerce, the domestic production will help in meeting demand of $100 billion by 2020 under the prevailing growth rate. What is worth noting is that the promotion of electronic hardware ranks as being among the pivotal flagship under the ‘Digital India’ initiative.

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