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External Affairs Minister S Jaishankar on Tuesday said that electronic manufacturing — semiconductor, 5G, artificial intelligence, commercial space launches, satellite fabrication — is the future and the country needs to get on the fast track after having first missed the bus.
“We missed the bus the first time, but I think we have a chance of boarding, may be not the same bus, but certainly a significant sort of opportunity for manufacturing...it all depends on how smart we are about it,” he said here at the Global Technology Summit organised by Carnegie India.
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Tech capability
“The rise of India is deeply linked to the rise of technology – it could be semiconductor, 5G, artificial intelligence, commercial space launches, satellite fabrication,” he said.
“We are grossly under-manufacturing. When I hear people saying ‘our future is in services’, I mean that’s simply not true. Our future is also in services definitely, but you cannot say that ‘we will grow to be a major power and we are going to give manufacturing a pass’. That is why PLI scheme for example, is the strong support which is today given to different domain of manufacturing,” he noted.
He said the principle of economic strategic autonomy will hold the key to global re-balancing and big players will constantly strive to be more capable technologically.
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