Union Minister of State for Skill Development and Entrepreneurship, Electronics and Information Technology, and Jal Shakti, Shri Rajeev Chandrasekhar, took part in a virtual discussion with Anant Goenka during the Mumbai Tech Week on Monday, where he shed light on the regulatory landscape and India's evolving global position, particularly in semiconductors.
Reflecting on the Narendra Modi government's approach to regulation, Minister Chandrasekhar contrasted it with previous administrations, emphasizing transparency and consultation. He highlighted the importance of creating frameworks that involve all stakeholders to ensure orderly growth in critical sectors such as telecom.
"The telecom sector had some of the biggest scams. So, there is also a healthy dose of cynicism and skepticism when the Government talks about regulation because there is a feeling that regulation is either pushing for a particular agenda or pushing forward the need for the Government or a politician to control. But our approach to creating a framework of regulation has been open, transparent, and consultative," remarked the Minister.
Minister Chandrasekhar also discussed India's shifting position in comparison to China, particularly in semiconductors. He noted a decline in China's momentum due to export control regimes imposed against them, positioning India as a promising player in semiconductor manufacturing and innovation.
"There is a trend today that, in terms of China, the momentum they had over the last decade in the areas of emerging and high tech, is slowing down and becoming blunter because of all the export control regimes being put against them. They are certainly not viewed as a trusted partner in the future of tech. I can confidently say that India is reversing the missed opportunities of the past 75 years," said Minister Chandrasekhar.
Highlighting India's strides in semiconductor manufacturing, he announced significant investments in fabs and partnerships with leading technology firms, alongside the establishment of the India Semiconductor Research Centre.
Minister Chandrasekhar highlighted the government's commitment to leveraging artificial intelligence (AI) to enhance public services and improve lives.
"We intend to exploit AI to its fullest for achieving the goals of our economic growth, ensuring that AI makes a big impact on healthcare and drug discovery, as well as on agriculture and farmer productivity," he added.
In a rapid-fire interaction, the Minister emphasized the government's focus on supporting education and promoting AI in various Indian languages, aiming to harness its potential for the benefit of all sectors of society.
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