+
Goyal Calls For Trillion-Dollar Tech Ambition By 2035
ECONOMY & POLICY

Goyal Calls For Trillion-Dollar Tech Ambition By 2035

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.

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.

Next Story
Real Estate

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Next Story
Real Estate

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Next Story
Infrastructure Energy

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App