With the upcoming budget, we hope to see the government’s focus on driving domestic innovation, coupled with fiscal incentive schemes and liberalisation norms with regards to IoT.
We, the IET IoT Panel, hope the revamping of the IoT policy is done with adequate industry representation.
The budget should look at 3 sectors that play a crucial role in establishing India as a leader in IoT, Manufacturing (Devices & Sensors), Telecommunications and IT/ITeS.
It should also ensure key existing policies (National Electronics Policy, National Digital Communications Policy and National Software Product Policy) and formation of new policies (Data Protection, Cybersecurity and IoT Policies) receive adequate financial assistance.
Dr Rishi Bhatnagar, Chair- IET IoT Panel; President, Aeris Communications