‘Huge opportunity’ for IT sector

The IT sector is a huge opportunity for the country, with the potential to make a substantial contribution to GDP, the IT minister said here today.

The minister said the government has identified more than Rs 3,000 crore in investments in the sector and is working towards creating an ecosystem of talent and innovation.

He was addressing a conference organised by the Indian Institute of Management (IIM) to highlight the country’s strengths in IT.

Mr. Arun Jaitley said the country had a long way to go in attracting talent and building an ecosystem for innovation.

“We have made tremendous progress in building a strong talent ecosystem.

We have more than 10,000 universities with a total enrolment of over 6.5 crore,” he said.

Mr Jaitsey also said India has the best infrastructure in the world and he would like to see more and more of its universities go online.

He said the ministry of technology would be working towards building the infrastructure and the universities would also need the infrastructure.

“A lot of students from India go abroad for a better education.

There is a big demand for IT services.

The government has been able to attract talent and bring in graduates,” he added.

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