Union Minister Ravi Shankar Prasad on Thursday said that an Atmanirbhar Bharat does not mean an isolated India, but it means India as a major economy of the world becoming a part of the global supply chain, where Indian innovators, entrepreneurs and leaders will play a significant role. Prasad was speaking at the Bengaluru Tech Summit 2020. Prasad said that the government is keen to promote India as a data economy. "Data is going to drive digital economy and the data is going to drive the international intercourse of commerce too. India produces huge data [through] 1.3 billion people, 1.21 billion mobile phones and 1.26 billion Aadhaar. All these digital ecosystem is producing data, we are going to have a data protection law going to be finalised very soon. India is waiting for its moment for data economy, data economy, data cleaning and data refinery," he said. Prasad touts electronics manufacturing subsidy, AI, DBT In April this year, the government announced a Production Linked Incentive (PLI) scheme for large scale electronics manufacturing in a bid to boost indigenous manufacturing and exports in the coming years. Earlier this month, the government extended the PLI scheme to another ten sectors like telecom, bio-tech, electronic components among others. "The last date of application was July 31, 2020 and major global champion companies have come to India, including India's national champions. They have committed to invest close to Rs 11 lakh crore in the coming five years and they propose to manufacture mobile and components. Out…
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