On Day 2 of Mumbai Tech Week, in a thought-provoking session alongside Anant Goenka, Executive Director of The Indian Express Group; Rajeev Chandrasekhar, Honourable Minister of State – MeitY, Government of India, highlighted the pivotal role of technological advancements and the entrepreneurial ethos in steering India towards greater development and wealth. The Minister shared his insights on the government’s approach to regulation within the tech sector, emphasizing a model of openness, transparency, and collaboration.
Rajeev Chandrasekhar stated, “Our approach to creating a framework of regulation has been open, transparent, and consultative. And it is not so much about government regulating as it is about all of the stakeholders coming together and creating the guardrails that are important for the orderly growth of any segment of our economy.
We are also partnering with the best partners for technology for the future of semiconductors. So, along with the design innovation ecosystem on semiconductors, which is going to design the next generation chips and devices, we are also launching India Semiconductor Research Centre which is going to be a state-of-the-art research center where the world’s biggest semiconductor makers will research in India.”
He further added, “We intend to exploit AI to its fullest for achieving the goals of our economic growth, ensuring that AI makes a big impact on healthcare and drug discovery, as well as on agriculture and farmer productivity. Use cases are not about having bragging rights to compete with ChatGPT. That is not the direction we are going in. We will also go ahead and support education and there will be a focus in multiple languages of India, and multiple datasets.”
Day 2 of Mumbai Tech Week not only showcased the strength and diversity of Mumbai’s tech ecosystem but also reinforced the city’s position as a leading hub for technological innovation and entrepreneurship in India.
About TEAM:
Tech Entrepreneurs Association of Mumbai (TEAM) is a non-profit, independent industry association formed with the mission of advancing the tech startup ecosystem of Mumbai. Formed by 35 of the city’s most successful tech startup founders, TEAM is on a mission to promote Mumbai as the hub for tech entrepreneurship. Its members include founders from Mumbai-based startups Pharmeasy, UpGrad, Upstox, Haptik, Dream11, The Good Glamm Group, Zepto, Pepperfry, Infibeam Avenues, Pine
Labs, BillDesk, CleverTap, LogiNext, Rebel Foods, Purplle, among others.
TEAM provides resources, networking opportunities and support to tech startups in the city. It is the voice for advocating policies and engaging with the government to help Mumbai’s startup ecosystem thrive. With the aim to drive innovation and unleash its full potential, TEAM helps Mumbai’s tech enterprises synergize, collaborate and support to break barriers and achieve greater things.
