Are Electronics Manufacturing, Chips, and GCC Growth Steps Pointing in the Right Direction?
Click to start listening
Synopsis
Sunil Bharti Mittal emphasizes the need for industry ambition and collaboration with government to unlock India's potential. He highlights the importance of R&D and the semiconductor sector, underscoring the role of youth and GCCs in shaping the future of the nation.
Key Takeaways
- Ambition and Trust: Industry must set ambitious goals and build trust with stakeholders.
- Youth Empowerment: Preparing the young workforce is essential for future job readiness.
- Global Capability Centres: GCC growth signals India's potential in the global market.
- Investment in R&D: Increased focus on research and innovation is critical.
- Semiconductor Importance: The semiconductor sector is vital for India's strategic growth.
New Delhi, May 29 (NationPress) Sunil Bharti Mittal, Chairman of Bharti Enterprises, called upon the industry to set ambitious targets and cultivate trust with all stakeholders involved in the nation's progress.
During his address at the CII ‘Annual Business Summit’ held in the national capital, he underscored four fundamental pillars that must be prioritized to harness the country’s potential.
Mittal pointed to India’s achievements in 5G deployment as a case in point, emphasizing that the nation must acknowledge its demographic dividend.
With India's vibrant and youthful workforce, there lies an opportunity for the developed world, which is experiencing an aging population and stricter immigration policies. However, both the industry and government must collaborate to ensure this talent pool is prepared for future employment, he stated.
The swift rise of global capability centres (GCCs) in India clearly indicates this potential, Mittal remarked.
Regarding research and development, he stressed the need for increased investment in innovation and profound scientific inquiry, urging the industry to take the initiative.
A collaborative approach between public and private sectors in R&D could yield significant benefits for India, according to Mittal.
“We must develop purpose-driven products and services, emphasizing exports with higher value addition. With appropriate investments, we can witness a remarkable transformation over the next decade, particularly in the semiconductor sector, which is becoming critically important,” Mittal conveyed to the audience.
He also highlighted the northeastern states, rich in untapped oil and gas reserves.
Mittal further asserted that government policies should be collaboratively shaped with industry input, and entities like the CII should engage with the government to express needs.
The industrialist pointed out that strengthening electronics manufacturing and the National Semiconductor Mission are positive steps forward.
“With the right investments over the next ten years, we can experience a significant shift—especially in semiconductors, which are increasingly crucial,” he concluded.
Point of View
It's imperative to acknowledge that India's path toward becoming a manufacturing hub hinges on a collaborative approach between industry and government. Sunil Mittal’s insights highlight the importance of leveraging our youth and investing in critical sectors, particularly semiconductors, to ensure sustainable growth and global competitiveness.
NationPress
08/06/2025
Frequently Asked Questions
What are the key pillars for India's growth according to Sunil Mittal?
Sunil Mittal highlighted four key pillars that need focus for India's growth, emphasizing ambition, collaboration, innovation, and investment in critical sectors like semiconductors.
How can India leverage its demographic dividend?
India can leverage its demographic dividend by preparing its young workforce for future employment, particularly in sectors that require skilled labor, thus catering to the needs of an aging developed world.
What role do GCCs play in India's economy?
Global Capability Centres (GCCs) are crucial for India's economic growth as they indicate the country's potential and capability in offering services and solutions to global businesses.
What is the significance of the National Semiconductor Mission?
The National Semiconductor Mission aims to strengthen India's semiconductor manufacturing capabilities, which are vital for the future of technology and innovation in the country.
How important is R&D for India's industrial growth?
Research and Development (R&D) is essential for driving innovation and creating competitive products, and it is crucial for India to increase investment in this area to foster industrial growth.
