Industry-govt collaboration in IT sector key to economic transformation: Kapil Sibal

Sibal highlighted critical areas offering greater opportunities for IT adoption such as cloud computing, data centers, small scale sector, banking sector, semi-conductors, cyber security, etc. which will ensure better competitiveness, inclusivity and sustainability for the Indian IT sector.

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Assuring the Indian industry of an enabling policy environment, the minister for communications and information technology, Kapil Sibal stressed on the need for the Indian industry and the government to work in tandem for realizing new horizons and opportunities in Indian IT sector. Delivering the inaugural address as chief guest at ‘The Industry - IT Summit 2013' organized by CII today, Sibal emphasized the need for a consistent policy framework for the IT sector from a long term perspective which will help transform the business landscape with enhanced IT adoption, and in turn create a significant contribution to India's GDP. To realize this goal, Sibal informed that the Government has framed the 3 important national policies viz. the IT policy, the telecom policy and the Electronic System and Design Policy keeping a 20 year horizon in mind. He added that these three policies willenable the end-users, IT service providers and Government to partner with each other and leverage information technology to achieve and maintain the desired economic growth rate.

Minister informed that the Union Cabinet will shortly take up the Electronic Service Delivery Bill for discussion through which the Government aims to deliver all public services electronically in next 8 years, offering a huge opportunity for the Indian industry.

Speaking at the Summit, Sibal highlighted critical areas offering greater opportunities for IT adoption such as cloud computing, data centers, small scale sector, banking sector, semi-conductors, cyber security, etc. which will ensure better competitiveness, inclusivity and sustainability for the Indian IT sector.

Sibal also highlighted the advantage of cloud computing in cutting down the cost of operations for the small scale sector and informed that the Government has already started setting up data centers under PPP projects wherein the space is provided by the Government and the investment in creating physical infrastructure is done by the private sector. We need to create an ecosystem of connectivity between various stakeholders in the economy like entrepreneurs, banking, SMEs, foreign investors for ensuring inclusive growth of the Indian economy, he added.

Among the key challenges, Sibal stressed on the low level of R&D in the private sector. He shared that of the 0.8% of GDP being invested in R&D, the Government's share is 0.6% whereas the private sector only contributed 0.2%.

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