Digital India

India Inc commits to invest Rs 4.5 trillion in Digital India project

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The Prime Minister, Shri Narendra Modi at the launching ceremony of Digital India Week, in New Delhi on July 01, 2015.

The Prime Minister, Shri Narendra Modi at the launch ceremony of Digital India Week, in New Delhi.

Hailing Prime minister Narendra Modi’s Digital India project, India Inc commited to invest Rs 4.5 lakh cr in the ambitious project, which has the potential to create 18 lakh jobs.

India’s top industrialists including Cyrus Mistry, Mukesh Ambani, Anil Ambani, Kumar Mangalam Birla and Sunil Bharti Mittal applauded the Rs 1.13-lakh-crore Digital India programme.

“Digital India will help India to create a knowledgeable society. Also, it will provide government services within a short time,” said Cyrus Mistry, chairman of Tata Sons.

He said that the Tata Consultancy Services will hire 60,000 IT professionals this year.

Reliance Industries pledged to invest Rs 2.5 lakh crore across different Digital India heads, which have the potential to create employment for over five lakh people.  The company’s Chairman Mukesh Ambani announced setting up of the ‘Jio Digital India Start Up Fund’ to encourage businesses focused around the Digital India.

Prime Minister Narendra at the launch of Digital India Week outlined his vision of e-governance and mobile governance, where all important Government services are available on the mobile phone.

“I dream of a digital India where High-speed Digital Highways unite the Nation; 1.2 billion connected Indians drive innovation; technology ensures the citizen-government interface is incorruptible,” the Prime Minister said.

Kumar Mangalam Birla, Chairman of the Aditya Birla Group, which owns telecom company Idea Cellular, said, “We would leverage our network to provide mobile-based healthcare and education services as well as weather forecasting advisories and ‘mandi’ prices to over one million farmers.  “The company will invest over $2 billion in the next five years in areas such as electronic manufacturing, Internet of Things, smart cities, etc.”

Sunil Bharti Mittal, chairman of Bharti Enterprises also committed to spend over Rs 1 lakh crore in the next five years.

Reliance Group Chairman Anil Ambani pledged to invest Rs 10,000 crore to fund initiatives across the cloud, digital and telecom space.

Others

Vedanta Resources Chairman Anil Agarwal: Rs 40,000 crore

Delta Electronics’ Ping Cheng: Rs 30 billion ($500 million)

Nidec Corporation’s Mikio Katayama: Rs 60 billion ($1 billion)

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