India Has Potential To Become Global Data Refinery Center

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.

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