New Delhi, Nov 21 (IANS): India is the best place in the world to provide sustainable infrastructure to the digital world as there are very few countries where there is an interconnected grid in the way that it has, Union Commerce and Industry Minister Piyush Goyal said on Thursday.
Addressing the UK-India Business Council "Technology Futures Conference" here, the minister said that by 2030 India would have a thousand-gigawatt grid connected through the length and breadth of the country with a healthy mix of traditional and renewable energy. For data centres, this huge amount of clean energy provides unheard-of reliability and sustainability, he said, pointing out that India provides an unmatched opportunity for investors across the world.
Advocating India as the best place to invest in technology and innovation, Goyal informed that in addition to a robust legal system, India is going to bring out a new legal framework to ensure data privacy that will encourage the free flow of data among trusted partners.
He further stated that India and the UK can work together to leverage the high level of innovation that the UK’s universities produce. India has the lowest cost data in terms of per GB of data and is also the largest consumer of data, he said. India has the highest number of STEM graduates coming out of colleges and coupled with the demand being produced by an emerging market, it makes India an excellent opportunity to partner in emerging fields, he said.
Today India is the fastest-growing telecom market in the world and India has seen the fastest rollout of 5G anywhere in the world and soon all of India will be 5G connected, the Minister pointed out, adding that India has the necessary ecosystem and infrastructure to help us to engage with the developed world.
India is working on many dimensions of technology, including the space sector, and in animation, gaming, artificial intelligence, and augmented reality, he said, adding that India has invested through public funding in the semiconductor industry in a big way. He quoted Prime Minister Narendra Modi who had said that it is our dream that every device in the world will one day have India India-made chip.
Minister Goyal said that he has five suggestions to offer in the areas of collaboration between India and the UK in technology: first, in AI learning the two countries can create platforms for personalised training and virtual reality can become a part of our curriculum in education; second, collaboration in telemedicine can bring down the cost of medical health in the UK and make quality healthcare available to the remotest part of India; third, the two countries can collaborate in developing climate modelling tools to help the world be in a better position to predict and manage natural disasters; fourth, precision farming tools and residue-free farming are the areas where India can benefit with increasing productivity; and lastly, industries in organic chemicals, engineering goods and food products are undergoing a churn due to technological advances and the two countries can collaborate to take advantage of the opportunities that this represents.