Union Commerce and Industry Minister Piyush Goyal has encouraged India’s technology industry to target a trillion-dollar opportunity by 2035. Goyal emphasized the need for the sector to adapt to artificial intelligence, data centers, and clean energy to maintain a competitive edge. He launched the NITI Frontier Tech Hub’s report “Reimagination Ahead” in New Delhi, outlining the roadmap for this vision.
India is advised to aim for 10 GW of data center capacity by 2030 to establish itself as a global AI-driven technology services hub. Goyal highlighted the importance of applied AI, large-scale reskilling, domestic value creation, and talent retention within the country for future growth. The minister noted that India’s vast internet user base, high data consumption per capita, and rapid AI adoption provide a strong foundation for expansion.
Goyal praised the country’s digital ecosystem growth, attributing it to factors like affordable data, 5G deployment, and the upcoming 6G capabilities. He credited infrastructure reforms for supporting the $250–$300 billion technology services industry. The minister also acknowledged past initiatives like the New Telecom Policy of 1999 and the strengthening of India’s national power grid post-2014, which now includes significant clean energy capacity.
The Union Minister highlighted the rapid expansion of renewable energy capacity in India, facilitated by transparent bidding processes that reduced solar and wind tariffs significantly. He mentioned the government’s goal to achieve 500 GW of renewable capacity by 2030, providing clean energy at competitive rates. Goyal emphasized that recent Union Budget measures, including income tax benefits for specific investments, will enhance FDI, foreign exchange inflows, and job creation, especially in the data center ecosystem.
Goyal stressed the importance of cybersecurity, human validation, and data integrity in the context of artificial intelligence. He called for widespread AI education among leaders and decision-makers to ensure effective adoption. The minister proposed a collaborative approach involving various government ministries, industry bodies, and stakeholders to drive AI and technology sector growth. Goyal assured industry partnership with the government to position India as a global technology leader.
