MAIT successfully organised the Meity-MAIT Industry Connect programme on 30 Jan’ 24 at Hotel Royal Plaza, Ashoka Road, New Delhi. Shri S. Krishnan, Secretary, MeitY and Shri Bhuvnesh Kumar, Additional Secretary, MeitY were the chief guest and guest of honour at this programme respectively. The programme was designed to further strengthen the relationship between the Ministry and the Industry.
Addressing a diverse audience comprising of industry leaders and policy experts from IT Hardware, Telecom, Mobile Phones, and other subsectors of the ICT industry as well as key government officials, Secretary Krishnan mentioned that the government aims to increase value addition in the overall electronics manufacturing sector. Secretary Shri Krishnan further stated: “We are poised to become the largest market in electronics in the coming years. Electronics will constitute a significant portion of products in India that are traded and exported globally. If we aim to boost domestic manufacturing, India’s component manufacturing has to grow.”
The Additional Secretary Shri Bhuvnesh Kumar, in his speech, emphasized the R&D aspect of MeitY, which is a major investment area of the ministry. He mentioned that the ministry has allocated a budget of INR 1000 Crores for R&D. “Currently, 400 R&D projects are ongoing under MeitY. The R&D projects are posted on MeitY’s Project Review and Information Management Electronics System (PRIME) portal,” Shri Kumar mentioned while appealing to the industry to come up with ideas and to work towards R&D.