LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

Incentives for green tech, artificial intelligence likely in new industrial policy

The proposed policy, the draft of which has been released by the commerce and industry ministry for consultation with various stakeholders, will completely revamp the Industrial Policy of 1991.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Incentives for green tech, artificial intelligence likely in new industrial policy
The world is talking about industrial revolution 4.0 that includes artificial intelligence, robotics, deep learning and Internet of Things. Image source: Pixabay
Written By: PTI
Updated: Sun, Feb 18, 2018
12:28 pm
PTI
RELATED NEWS
CoffeeMug, Klub join hands to invest in fast-growing D2C brands; entrepreneurs, investors, and business leaders to benefit - Here is how CoffeeMug, Klub join hands to invest in fast-growing D2C brands; entrepreneurs, investors, and business leaders to benefit - Here is how
Major MSME boost! How Modi government is providing assistance to Micro, Small & Medium Enterprises Major MSME boost! How Modi government is providing assistance to Micro, Small & Medium Enterprises
We must protect world against weaponisation of artificial intelligence by non-state actors: PM Narendra Modi at RAISE 2020 Summit We must protect world against weaponisation of artificial intelligence by non-state actors: PM Narendra Modi at RAISE 2020 Summit
India can become Artificial Intelligence (AI) laboratory of the world: NITI Aayog CEO Amitabh Kant India can become Artificial Intelligence (AI) laboratory of the world: NITI Aayog CEO Amitabh Kant
Bullstop! This AI-based app to protect you from social media bullying Bullstop! This AI-based app to protect you from social media bullying

The government is expected to provide incentives for use of frontier technologies like artificial intelligence and robotics in the new industrial policy that is likely to be unveiled soon, sources said.

Besides, the industries would also be encouraged to adopt green technologies to promote cleaner environment.

The proposed policy, the draft of which has been released by the commerce and industry ministry for consultation with various stakeholders, will completely revamp the Industrial Policy of 1991.

The world is talking about industrial revolution 4.0 that includes artificial intelligence, robotics, deep learning and Internet of Things and incentives and there is a need to promote adoption of these modern technologies, which are capital intensive, according to government sources.

"The ministry is holding consultation with states also on the new policy to see their best practices. It will be released soon," they added.

The Department of Industrial Policy and Promotion (DIPP) in August last year floated a draft industrial policy with an aim to create jobs for the next two decades, promote foreign technology transfer and attract USD 100 billion FDI annually.

The department is working to formulate an outcome oriented actionable policy that provides direction and charts a course of action for a globally competitive Indian industry that leverages skill, scale and technology.

The development assumes significance as India is aiming at increasing the contribution of manufacturing sector in the GDP to 25 per cent by 2020, from the current level of about 16-17 per cent.

Commerce and Industry Minister Suresh Prabhu had stated that the new policy will seek to promote emerging sectors.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Artificial IntelligencestakeholdersIndustrial Policy of 1991FDIDIPPGDProboticsSuresh Prabhu
RELATED NEWS
CoffeeMug, Klub join hands to invest in fast-growing D2C brands; entrepreneurs, investors, and business leaders to benefit - Here is how CoffeeMug, Klub join hands to invest in fast-growing D2C brands; entrepreneurs, investors, and business leaders to benefit - Here is how
Major MSME boost! How Modi government is providing assistance to Micro, Small & Medium Enterprises Major MSME boost! How Modi government is providing assistance to Micro, Small & Medium Enterprises
We must protect world against weaponisation of artificial intelligence by non-state actors: PM Narendra Modi at RAISE 2020 Summit We must protect world against weaponisation of artificial intelligence by non-state actors: PM Narendra Modi at RAISE 2020 Summit
India can become Artificial Intelligence (AI) laboratory of the world: NITI Aayog CEO Amitabh Kant India can become Artificial Intelligence (AI) laboratory of the world: NITI Aayog CEO Amitabh Kant
Bullstop! This AI-based app to protect you from social media bullying Bullstop! This AI-based app to protect you from social media bullying

LATEST NEWS

Rs 5, 10 and 100 news: Will old notes be valid after March 2021? Here is truth from Modi government

Nearly Rs 10 lakh fine on wedding organiser for breaching Covid-19 lockdown; many guests left as police arrived

UPSC Recruitment 2020: Result for these written examinations declared - Check full list of roll numbers

Bullet Train: Undersea tunnel! Here is latest news update on Mumbai-Ahmedabad High Speed Rail

Check Modi government's latest notices to Chinese apps including Tiktok, PUBG mobile game

Recovery of excess pension made to pensioners: Big decision! Important notification by RBI

Budget 2021 Expectations LIVE: Here is what India wants - Check latest news, updates, demands here

Budget 2021: Unprecedented! 1st time ever since 1947, this is going to happen in Union Budget 2021-2022

Policy proposal for employment generation, scale-up in MSME sector

Stock market: Record-shattering gains, 50k BSE peak - What lies ahead? Analysts predict these big things amid Budget 2021

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved