IANS | 10 Jun, 2024
Top industry bodies on Monday
welcomed the appointment of Jyotiraditya Scindia as Minister of Communications
and Ashwini Vaishnaw retaining Railways and IT Ministries, besides getting the
key Information and Broadcasting (I&B) portfolio.
The Cellular Operators
Association of India (COAI), on behalf of the telecom industry, welcomed
Scindia as Communications Minister.
"Under the visionary
leadership of our Prime Minister Narendra Modi, the past decade has been marked
by significant efforts to revive the industry and bring the digital revolution
to the masses,” said Lt Gen Dr S.P. Kochhar (retd), Director General, COAI.
"We look forward to working
with Minister Scindia to advance further policy reforms and spearhead
pioneering initiatives that will elevate the digital revolution to the next
level, integrating a variety of technological innovations," he noted.
Pankaj Mohindroo, Chairman, India
Cellular and Electronics Association (ICEA), said that the industry is
extremely satisfied with PM Modi’s decision to continue existing Ministers,
especially Vaishnaw in key portfolios.
"The 'continuity' in policy
making, governance approach and key priorities across Finance, Commerce, MeitY,
and Environment Ministry are critical to investor confidence and growth,"
he said.
"We are geared up for the
five-year sprint till 2030 on the way to transforming India into a global hub
for electronics manufacturing and Viksit Bharat," Mohindroo added.
India is poised to become a
large-scale global electronics manufacturing destination in years to come.
India aims to reach $300 billion in electronics production by FY26, which will
trigger demand for semiconductors worth $90-$100 billion, largely driven by
domestic mobile manufacturing.