Another boost to PM Modi’s Digital India, Govt aims to achieve 5% of global IoT industry by 2020

With the Modi government’s pet project Digital India taking wings, India aims to capture at least 5% to 6% of the overall global IoT (internet of things) industry worth $300 billion. JS Deepak, Secretary of Department of Electronics and IT noted that the country plans to do so in the next five years.
"A policy framework around internet of things is in consultation stage. As per reports global IoT industry would be USD 300 billion by 2020 globally. The idea of IoT policy is that India should have 5-6 per cent share at least of global industry," said Deepak at the IoT Summit organized by industry body CII.

He added that the new policy intends to create $15 billion domestic industry by 2020. It should be noted that IoT industry will facilitate smooth sharing of data via internet, thus becoming a game changer for several key sectors including healthcare.

"IoT can be a game changer. It can save lot of power. We see street lights being on in small cities and towns even during day. With help of technology such lights can be automatically turned off which can result in huge saving for the power sector,” said Babul Supriyo, Minister of State for Housing and Urban Poverty Alleviation said at the event.
The NaMo government has already prepared a blueprint for the IoT industry, beginning from the roadmap for M2M (machine-to-machine) communication.