India Needs to Become a Product Nation: Vaishnaw

By By Rediff Money Desk, New Delhi
Mar 20, 2025 20:35
Union Minister Ashwini Vaishnaw calls for collaboration between academia, startups, students, and researchers to develop new solutions and transform India into a product nation.
Photograph: ANI Photo
New Delhi, Mar 20 (PTI) Union Minister Ashwini Vaishnaw on Thursday urged academia, startups, students, and researchers to come together to develop new solutions and shed the old mindset that government should do everything.

While giving awards to winners of the Indigenous web browser and Chips to Start Up (C2S) Programme, the minister said India has been a great service nation. Now, it should also become a product nation.

"Old mindset where only certain government institutions would be developing everything has now given way to a new mindset, where...academia, startups, students, and researchers...must join together to create new solutions," Vaishnaw said.

He said services is a great industry that must continue to grow but simultaneously there is a need for India to also become a manufacturing nation.

"If you look at the entire spectrum of the chips that we need to develop, there will be many chips, which have a small value but large volume. There will be some which have mid-value and a mid-volume and some will have high value but very small volume. We have to play in the entire spectrum and that is the thought process with which we are moving," Vaishnaw noted.

The minister awarded the first prize of Rs 1 crore to Team Zoho, the second prize of Rs 75 lakh to Team Ping and the third prize of Rs 50 lakh to Team Ajna for their work on the development of indigenous browsers.

Ministry of Electronics and IT (Meity) Secretary S Krishnan said indigenous browsers are required for the security of data within India and there is a need for browsers that can be trusted completely.
Source: PTI
Read More On:
ashwini vaishnawindiaproduct nationstartupsacademiaresearchersstudentsindigenous browserchips to start upc2s programmemeitys krishnanbrowser security
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Carysil to Invest Rs 500 Cr to Boost Kitchen...

Carysil plans to invest Rs 500 crore to increase production capacity of kitchen sinks,...

Goli Soda: India's Iconic Drink Takes on the World

Goli Soda, a traditional Indian beverage, is making a comeback on the global stage with...

Public Sector Bank Dividends Rise 33% in FY24

Public sector banks in India saw a 33% increase in dividend payouts to Rs 27,830 crore...

FPI Outflows Ease Amid Global Optimism

FPI outflows in Indian equities moderated last week, driven by easing global concerns...

OYO Expands 'SUNDAY Hotels' to 100 by FY26

OYO's premium hotel brand, 'SUNDAY Hotels', is expanding rapidly, aiming for 100...

Indian Market Outlook: Tariff Updates, FII...

Analysts predict Indian stock markets will be driven by global trends, tariff updates,...

Ananta Hotels & Resorts Plans Rs 450 Cr Investment

Ananta Hotels & Resorts plans to invest Rs 450 crore over 5 years to expand to 50...

Car Prices to Rise in April: Maruti, Hyundai,...

Car prices in India are set to increase from April as major automakers like Maruti...

Housing Sales to Fall 23% in Q1 2025: PropEquity

Housing sales in top 9 Indian cities are expected to decline 23% in Q1 2025 due to high...

Air India Seeks Lower Landing Charges at Delhi...

Air India has requested lower landing charges for long-haul and ultra long-haul flights...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com