1. Centre to come up with electronic innovation fund: Ravi Shankar Prasad

Centre to come up with electronic innovation fund: Ravi Shankar Prasad

The Centre plans to come up with an electronic innovation fund to promote research and development activity...

By: | New Delhi | Published: February 12, 2015 1:00 AM

The Centre plans to come up with an electronic innovation fund to promote research and development activity, Union IT and communications minister Ravi Shankar Prasad said on Wednesday. The Cabinet has already given its approval to the creation of the fund, he said.

Addressing a gathering at the Nasscom India Leadership Forum, Prasad said it was the endeavour of the government to promote the concept of digital India, which will bridge the gap of technology literacy. At the same time, it will also continue with its thrust on ‘Make in India’.

The minister said the government was finalising a policy for setting up business process outsourcing (BPO) centres in smaller towns. “This policy will come with the proper incentives as we should ensure that the IT industry goes to other parts of the country,” he added.

Prasad said the government was keen on improving digital infrastructure through the setting up of fibre optic cable network across the country.

He remarked that this would ensure that the vast market of rural India can be tapped by the industry. The minister said that the IT industry has metamorphosed the image of India and the government is open to suggestions on ensuring further growth of the sector.

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