Another boost to PM Modi’s Digital India, Govt aims to achieve 5% of global IoT industry by 2020
Advertisement
Advertisement
Advertisement
With the "A policy framework around internet of things is in consultation stage. As per reports global IoT industry would be USD 300 billion by 2020 globally. The idea of IoT policy is that India should have 5-6 per cent share at least of global industry," said Deepak at the IoT Summit organized by industry body
He added that the new policy intends to create $15 billion domestic industry by 2020. It should be noted that IoT industry will facilitate smooth sharing of data via internet, thus becoming a game changer for several key sectors including healthcare.
"IoT can be a game changer. It can save lot of power. We see street lights being on in small cities and towns even during day. With help of technology such lights can be automatically turned off which can result in huge saving for the power sector,” said Babul Supriyo, Minister of State for Housing and Urban Poverty Alleviation said at the event.
The NaMo government has already prepared a blueprint for the IoT industry, beginning from the roadmap for M2M (machine-to-machine) communication.
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Upcoming cars and two-wheelers launching in India in April 2024
- Ice melt in Antarctica and Greenland is slowing Earth's rotation, affecting timekeeping: Study
- Elections on a plate: Poll panels fix menu & expense ceiling for Samosa, tea, biryani & more
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO
- Sustainable Event Planning