With Ashwini Vaishnaw retaining the ministry of electronics and IT (MeitY), there is a buzz of excitement in the tech industry as faster implementation of the digital personal data protection (DPDP) law and the government’s semiconductor mission are expected. Vaishnaw’s focus on strengthening the Artificial Intelligence mission, particularly in the realm of domestic manufacturing of AI chipsets, is also anticipated.
The dominance of US-based Nvidia in the GPU market has been a concern, with a significant lag in getting GPUs due to high demand. Vaishnaw’s agenda includes facilitating big tech firms to set up mega campuses in India, boosting the electronics manufacturing ecosystem.
Under the India Semiconductor Mission, the government has approved several chip projects, signaling a push towards self-reliance in semiconductor manufacturing. The ministry will also focus on regulations around AI, the digital India Bill, and revamping the Semi-conductor Laboratory in Mohali.
Industry executives have lauded Vaishnaw’s continuity as the minister of MeitY, citing his expertise in the sector as a boon for policy certainty and sound decision-making. Pankaj Mohindroo of ICEA expressed satisfaction with the government’s decision, emphasizing the importance of continuity in policy making for investor confidence.
A Gururaj of Optiemus Electronics echoed the sentiment, highlighting the rewarding tenure for the Indian electronics manufacturing industry under the government’s vision. The industry looks forward to continued growth and development in the electronics supply chain in India.
Overall, Vaishnaw’s retention of the MeitY portfolio signals a promising future for the tech industry in India, with a strong focus on innovation, self-reliance, and growth in the semiconductor and electronics sectors.
