Y2K Moment For Technology and Electronics Sector: Rajeev Chandrasekhar

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“India has a once in a lifetime opportunity. I call it the Y2K moment for Technology and Electronics sector. The Narendra Modi Govt. is committed to work with semiconductor companies and startups and will provide the right policy framework”

Union Minister of State in the Ministry of Electronics & IT, Ministry of Skill Development and Entrepreneurship, Rajeev Chandrasekhar visited the CDAC Centre at Bangalore to Launch INDUS (Innovation Development Upskilling) IoT Kit – a single board IoT development platform. The CDAC developed kit, of the size of a credit card, is fitted with 6 sensors, actuators, connectivity and debugger interfaces.

It is modestly priced at Rs 2,500 per unit and shall soon be available over GeM portal. CDAC is also willing to Transfer this Technology to startups for commercial production.

“The Narendra Modi Government is serious in its ambition in making India an Electronics and Tech leader. Ministry of Electronics and IT will play the role of a facilitator/partner and work to provide support to catalyze growth and innovation including access to market and capital.” He further added that “India has a once in a lifetime opportunity. I call it the Y2K moment for Technology and Electronics sector. The Narendra Modi Govt. is committed to work with semiconductor companies and startups and will provide the right policy framework,” said the Minister.

He also interacted with the likes of Sumeet Mathur, CEO & Founder, Cirel; Naranaya Rao, CEO, Accord; and Parag Naik, CEO, Saankhya Labs.

“It was a very unique experience- almost like speaking to one of our colleagues. The clarity of thought and openness coupled with an informal atmosphere made it more like a brainstorm. With such leadership at the helm, I am sure the Indian semiconductor industry will thrive and prosper in the coming years” said Mr Parag Naik, CEO, Saankhya Labs pvt ltd.

“Its exciting to note Government’s commitment to scale India’s footprint on the Global electronics and semiconductor supply chain” said MrSumeetMathur CEO, Cirel Systems.

“ I loved the thinking on need to co-develop solutions with India ecosystem partners for the new era of semiconductors as new avenues open up in various sectors, along with need for system design optimization. It very much aligns with what Intel has embarked on with its Intel foundry services based design and IP services. “ said Mr Srinivas Lingam, Vice President, Data Center and AI Group & GM, Artificial intelligence Group, Intel India.

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