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The Prime Minister emphasised that in the field of economy, the vision is linked with areas like digital economy and fintech

Union budget 2022 lay down a clear roadmap for 5G spectrum auction and Production Linked Incentive (PLI) scheme have been proposed for design-led manufacturing related with a strong 5G ecosystem, said Prime Minister Narendra Modi on Wednesday while addressing a post-budget webinar. 

“This is a collaborative effort to ensure how, in the light of budget, can we implement the provisions quickly, seamlessly and with the optimum outcome,” he said while explaining the rationale of these webinars.

The Prime Minister emphasised that in the field of economy, the vision is linked with areas like digital economy and fintech. Similarly, advanced technology has a huge role in infrastructure and public service delivery related to vision. 

“Technology for us is a medium to empower the people of the country. For us, technology is the mainstay of making the country self-reliant. The same vision is reflected in this year’s budget as well,” Modi said. 

Modi highlighted the budget’s emphasis on sunrise sectors like Artificial Intelligence, Geo-spatial Systems, Drones, Semiconductors, Space technology, Genomics, Pharmaceuticals and Clean Technologies to 5G. 

The Prime Minister said, “We are familiar with the principles of science, but we have to emphasize on how to make maximum use of technology for the Ease of Living.”

The Prime Minister also spoke about the 2 lakh crore rupees worth PLI schemes in 14 key sectors, in order to promote manufacturing in the country. The Prime Minister gave a clear direction to the stakeholders to provide practical suggestions in the areas like use of optical fibres in the citizen services, e-waste management, circular economy and electric mobility.