Goyal Calls For Trillion-Dollar Tech Ambition By 2035

17 Feb 2026 CW Team

He noted India has nearly one billion internet users and high per capita data consumption, and that affordable data, 5G rollout and upcoming 6G capabilities have strengthened the digital ecosystem. He said these factors support $250–$300 billion (bn) technology services industry and provide a foundation for expansion. He called on industry to leverage domestic demand and focus on value creation.

He attributed growth to infrastructure reforms and said the 1999 New Telecom Policy under Prime Minister Atal Bihari Vajpayee laid the groundwork for digital transformation. He said post-2014 measures have strengthened India’s unified national power grid, which now has 500 GW installed capacity including 250 GW of clean energy. He added that renewable expansion has been supported by transparent reverse bidding.

He said reverse bidding brought solar tariffs down to nearly Rs2.31–Rs2.41 per unit and wind tariffs to Rs2.5 per unit, and that India supplies 24 hour clean energy under Rs6 per kilowatt hour. He said the country aims for 500 GW of renewable capacity by 2030. He indicated Budget measures offering income tax benefits up to 2047 will boost foreign direct investment, foreign exchange inflows and job creation around data centres.

He said clean energy integration, nuclear expansion, storage, green hydrogen and green ammonia initiatives will reinforce competitiveness. He urged widespread AI education for business leaders, policymakers and decision makers and emphasised cybersecurity, human validation and data integrity as critical. He proposed structured engagement between government and industry and coordinated action with states to streamline approvals and infrastructure for high intensity AI and data centre operations.

The Union minister of commerce and industry urged India’s technology sector to reset ambitions towards a trillion-dollar future by 2035 and embrace artificial intelligence (AI), data centres and clean energy. He launched NITI Frontier Tech Hub roadmap titled Reimagination Ahead and said India should target at least 10 gigawatt (GW) of data centre capacity by 2030 and become a global hub for AI driven services. He said emphasis should be on applied AI, reskilling at scale, domestic value creation and talent retention. He noted India has nearly one billion internet users and high per capita data consumption, and that affordable data, 5G rollout and upcoming 6G capabilities have strengthened the digital ecosystem. He said these factors support $250–$300 billion (bn) technology services industry and provide a foundation for expansion. He called on industry to leverage domestic demand and focus on value creation. He attributed growth to infrastructure reforms and said the 1999 New Telecom Policy under Prime Minister Atal Bihari Vajpayee laid the groundwork for digital transformation. He said post-2014 measures have strengthened India’s unified national power grid, which now has 500 GW installed capacity including 250 GW of clean energy. He added that renewable expansion has been supported by transparent reverse bidding. He said reverse bidding brought solar tariffs down to nearly Rs2.31–Rs2.41 per unit and wind tariffs to Rs2.5 per unit, and that India supplies 24 hour clean energy under Rs6 per kilowatt hour. He said the country aims for 500 GW of renewable capacity by 2030. He indicated Budget measures offering income tax benefits up to 2047 will boost foreign direct investment, foreign exchange inflows and job creation around data centres. He said clean energy integration, nuclear expansion, storage, green hydrogen and green ammonia initiatives will reinforce competitiveness. He urged widespread AI education for business leaders, policymakers and decision makers and emphasised cybersecurity, human validation and data integrity as critical. He proposed structured engagement between government and industry and coordinated action with states to streamline approvals and infrastructure for high intensity AI and data centre operations.

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