India Has Potential To Become Global Data Refinery Center

Last Updated : Sep 24 2019 | 6:06 PM IST

Ravi Shankar Prasad, Minister for Communications, Electronics & Information Technology and Law & Justice, Government of India today said that India has the potential to become data refinery center for the world. Speaking at 'Invest Digicom 2019 - Propelling Digital Communications in India: Role of FDI', organized jointly by FICCI and National Institute of Communication Finance, Ministry of Communications, Government of India, Prasad said that the world needs to appreciate India's changing narrative from digital communication and software production to open source and electronic manufacturing. India should work towards having a blend of data availability, data utility, data innovation and data privacy. He further said that while Indian government is committed to achieve $5 trillion economy, $1 trillion will come from India's digital economy alone.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Already subscribed? Log in

Subscribe to read the full story →

^*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

In-depth market analysis & insights with access to The Smart Investor

Ad-free Reading

Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

Access Business Standard across devices — mobile, tablet, or PC, via web or app

SAVE 25%

Subscribe for ₹2,700 / 1 Year

Connect with us on WhatsApp

India Has Potential To Become Global Data Refinery Center