According to Minister of State for Electronics and IT Rajeev Chandrasekhar, the government aims to increase the capacity for manufacturing electronics to Rs 24 lakh crore by 2025–26, which will also help generate over 10 lakh employment.
Addressing at a gathering in Bengaluru, the minister said the country is presently at an inflection point – the most exciting age in its history – and the present generation of students is the luckiest generation in the independent India’s history. According to an official statement, the Narendra Modi government’s goal is to boost electronics manufacturing capacity to Rs 24 lakh crore by 2025–26, which will also help to create over 10 lakh jobs.
He stated that there are more than 90,000 startups, including 110 unicorns, in which young Indians are playing a key part. According to the minister, at least 15 lakh young Indians from Karnataka would receive training in future-ready skills that are relevant to the industry.
Rajeev Chandrasekhar stated the day is marked as “Spoorti Dina” or Inspiration Day, and that the occasion could not be more suited to discuss opportunities in IndiaTechade with students. Rajeev Chandrasekhar was remembering the well-known Kannada actor Puneeth Rajkumar, or “Appu,” on his birthday.
Chandrasekhar responded to a question on the Silicon Valley Bank crisis and the Indian government’s role in easing startup entrepreneurs’ problems by saying, “The Indian banking system is much more resilient and stronger in comparison to any other country’s banking system. Startups should therefore opt for Indian banks as their preferred banking partners.”