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‘Digital India Week’ could provide investment boost

The Department of Electronics and IT (DeitY), which is implementing the government’s ambitious Digital India programme, is expecting commitments of investments to the tune of Rs. 2 lakh crore from domestic and foreign firms at the launch of ‘Digital India Week’ by Prime Minister Narendra Modi on Wednesday.

“Initial indications are that we will get commitments for Rs. 2 lakh crore of investments…,” a source in the Department said.

While Taiwanese firm Delta Electronics is likely to announce the setting up of an electronics manufacturing facility at an investment of half-a-billion dollars, the home-grown mobile phone maker Lava will commit Rs.1,200 crore for opening a factory. “The Lava unit is expected to manufacture 10 lakh phones annually and create employment for about one lakh people,” the source said.

Top industrialists such as Tata Group chairman Cyrus Mistry, RIL chairman Mukesh Ambani, Bharti Enterprises chairman Sunil Mittal and Reliance Group chairman Anil Ambani are also likely to make similar announcements.

Top industrialists

Airbus India CEO Peter Gutsmiedl, Wipro chairman Azim Premji, Sterlite Technologies chairman Anil Agarwal and Adiya Birla Group chairman Kumaramangalam Birla will also be present at the event.

Earlier this week, Telecom and IT Minister Ravi Shankar Prasad said the government expected “billions of dollars” in investments at the event. “A number of memoranda of understanding for investment proposals will be signed,” he had said.

The Prime Minister, while sharing the road map for Digital India, will unveil e-governance schemes such as Digital Locker, e-education and e-health.

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Printable version | Jul 10, 2020 9:48:21 AM | https://www.thehindu.com/news/national/digital-india-week-could-provide-investment-boost/article7371674.ece

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