siliconindia | | AUGUST 20228ELECTRONIC COMPONENT INDUSTRY BODY ELCINA SAID THE PRIME MINISTER'S FOCUS ON EMERGING TECHNOLOGIES, SUSTAINABILITY, RENEWABLE ENERGY AND NATURAL CHEMICAL FREE AGRICULTURE GIVES A CLEAR DIRECTION WHERE WE SHOULD PROGRESS FOR A BRIGHT SUSTAINABLE FUTUREIN FOCUSPMS VISION OF TECHADE, PUSH FOR 5G, CHIPS TO ENHANCE TECH SECTOR: INDUSTRYBy SI Teamrime Minister Narendra Modi's call to make this decade a `techade' for India and the push for 5G, semiconductors and transformation through digital services is going to boost the technology sector in the country, said the industry players. Modi, in his speech on the 76th Independence Day, touched upon all-round development of technology in the country, from 5G to push for electronic chips, laying of optical fibre cable (OFC) network across villages and enablement of digital entrepreneurship in villages through Common Services Centres, making the present decade as `techade' for India. Homegrown mobile devices maker Lava International's Chairman and Managing Director Hari Om Rai said electronics and technology sectors create about $4 trillion of revenue. "Its impact on the global GDP is about $17 trillion and its global market capitalization is about $23 trillion. Hon' PM has aptly recognized the future and crystallized his priority for the tech sector", Hari Om said.He said the electronics and tech industry envisions creating six crore direct and indirect jobs with more than $3 trillion contribution to the country's GDP by 2033. Hari Om further said the Prime Minister expects to build global champions with the potential to fetch fair share of the worldwide GDP through goods and services exports. Domestic telecom gear maker Vihaan Networks' Chairman Rajiv Mehrotra said the Prime Minister's vision and message is straight and will surely help the nation to be self-sufficient. "Push and significance of semiconductor chips is a welcoming effort. They are the basic building blocks that serve the modern electronics and information and communications technology products", Rajiv added. India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said while acknowledging the tremendous success in mobile phone manufacturing, the Prime Minister has spelled out a profound vision for the digital sector as a foundation of Aatmanirbhar Bharat. "Going by his vision the next decade will be a Techade - with GDP growth propelled by manufacturing and technology. We are upto the task but have a long way to go", Pankaj said.Electronic component industry body ELCINA said the Prime Minister's focus on emerging technologies, sustainability, renewable energy and natural chemical free agriculture gives a clear direction where we should progress for a bright sustainable future. "Our initiatives in the domains of Digital India, start ups, are bringing forth new ideas, innovations which are enabling us to find solutions to our problems, overcoming challenges. We must take pride in our heritage and ancient sciences which have given us knowledge and technologies centuries ahead of their time", ELCINA Secretary General Rajoo Goel said. Telecom gear maker GX India said in the recent days there has been increased focus from the government to develop and design the semiconductor chips in the country. "Development in the semiconductor industry P
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