India aims to be a major hub for the Internet of Things. The Ministry of Electronics and Information Technology aimed a USD 15 billion industry by 2020, which would translate into 5-6% of global IoT industry. Lofty aspirations aside, what has the Government done about it? The total expenditure incurred by the Government on the development of Internet of Things devices in last 3 years is mere Rs. 29.29 crores.

A draft policy on IoT was released in 2014 on which the comments were to be sent by October 31, 2014. Subsequently, a revised policy was released in 2016, but there has been no news on it. Sadly, no policy on the Internet of Things has been implemented in the last 3 years.

Reportedly, “South Korea had pledged $5 billion investments in IoT till 2020, while Singapore allocated $1.6 billion in 2015 for its Smart Nation initiative focusing on large-scale arrangements of smart city applications.” China had committed $117 million in 2010 to open a national centre devoted to IoT research and development.

The corona pandemic has changed the way the world works. IoT is going to have a greater role in the new normal. India’s laggardness in developing the technology may well cost us dear, and we may end up becoming end users, that’s it.  

   

   

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