By navigating our site, you agree to allow us to use cookies, in accordance with our Privacy Policy.

Government plans to earn $15 billion from the IoT industry

Government plans to earn $15 billion from the IoT industry
`

The government is focusing hard on making providing digital connectivity to various parts of the country. The Digital India initiative is one of the ambitious projects of the government in the same direction. Along with this the government is now working to create USD 15 billion ‘Internet of Things’ industry in the next six years. Internet of Things is a network of inter-connected devices that can be accessed through the Internet.

As reported by PTI, the Internet of Things document states, “Among other things, IoT can help automate solutions to problems faced by various industries like agriculture, health services, energy, security, disaster management etc. through remotely connected devices.” Some of the recommended concepts under in project are monitoring the quality of water flowing in taps and levels in reservoirs, smart environment to monitor quality of air, technology to monitor changes in body vitals and send alerts to hospitals. The main aim of the policy will be create to an IoT industry in India of USD 15 billion by 2020; this in turn will increase the number of devices to over 2.7 billion.

The government will also be developing 100 smart cities under the project. Moreover, the Department of Telecommunications has also made a draft policy on technical communication among machines but is yet to finalise guidelines. In order to enhance the IoT initiative the government is also planning to create resource centres and test-beds as a common experimental facility to conduct experiments with an allocation of Rs 18 crore as 100 per cent fund with Rs 1 crore for each partner and Rs 3 crore for nodal agency over a period of five years.

As per PTI, the draft of the IoT policy also suggests, “Total five centres should be aimed which should include labs, office infrastructure and other necessities. Government would provide Rs 100 crores of funds. The rest of the funding would be sourced through industry by NASSCOM or any other appointed association.” Along with this as part of the policy government will also start a project named ‘International IoT Research Collaboration scheme (IIRC)’ under which government will collaborate and initiate treaties with other countries to generate joint projects for R&D in IoT on 50 per cent contribution basis.

Tags

Heena Gupta

A reader at heart, this girl loves to express through writing. Her ears perk up as soon as she senses any tech molecule in the air. With the ability to use and navigate typical technologies she becomes a complete tech enthusiast. This post graduate in Mass Communication lives in the world of gadgets. Fiction, history and cartoons keep her busy in the free time. Her urge to grow mixed with excellent writing skills forces us to have her as a part of our workforce.

Related Articles

Upcoming Events