“Maybe in another two months from now, we’ll have a new policy where any new innovative idea can be tried and tested at a small scale, in a sandbox environment, and then we can scale it up to a bigger level,” he said CII summit.
A sandbox refers to a safe and controlled environment where businesses can experiment while risk of regulatory penalties or legal repercussions are minimised.
Vaishnaw said this builds upon the experience gained from using start-ups in railway procurement. “The results have been very encouraging,” he said, adding the national transporter has been onboarding startups over the last one and a half years.
The minister said India hds reached “take-off point” in electronics manufacturing, with the first made-in-India chip to be rolled out this year.
“Manufacturing and services, both are equally important for the next level of growth,” Vaishnaw said, adding that the mindset shift required to become a “product nation” is already visible.Under the IndiaAI Mission, the government expects to add 14,000 more graphics processing units (GPU) to the common compute cluster, in addition to the 18,000 existing GPUs, Vaishnaw said.
