New Delhi: The government would rely on the IT industry for the success of its "Digital India" initiative and realisation of its "Make in India" campaign, Finance Minister Arun Jaitley said recently.
"Our 'Digital India' initiative will rely on the IT/BPM (business process management) sector for design, deployment and its continued success," Mr Jaitley said at a recent pre-budget consultative meeting with IT hardware and software groups.
Asserting that realisation of "Make in India" was inseparable from ICT (information and communication technologies), the finance minister told the industry's representatives that the government was keen to leverage their sector's strength, as manufacturing relied on IT for efficiencies and innovation leading to "know-why" of products and processes.
"We will certainly take further policy and regulatory initiatives, as large-scale production at competitive price for the global market will create employment and help us to reap demographic dividend, increase their purchasing power and generate a huge market within the country," Mr Jaitley said.
Noting that the industry had a crucial role in promoting e-governance and sustainable growth of electronics, IT and IT-enabled services, Mr Jaitley said reviving manufacturing, diversifying its base and equipping it for robust expansion were the challenges of economic management over the next five years.
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