Aashish Aryan

Synopsis During a meeting earlier this month with various industry stakeholders, the Ministry of Electronics and Information Technology (MeitY) made efforts to iron out concerns about potential business disruptions once the rules are issued, a senior official told ET.

With India's data center capacity expected to double by 2026-27, largely fueled by demand for colocation services and AI-driven applications, these power solutions are seen as vital to meet the growing needs of hyperscalers and emerging technologies.

“We also use the tracking of behaviour to determine how to resource our systems. The way I can describe it is how they use the behaviour of electricity users at the grid level to determine where to surge power and where to pull it back so everybody has their light on,” Davis said in a interaction with ET.

Some of the larger principles that the IT ministry may release as a part of the voluntary code involve measures that companies can take during the training, deployment, and commercial sale as well as identifying and rectifying any instances of potential misuse of the LLM and AI platforms developed by the company, the second official said.

In December 2023, all these associations came together to sign the voluntary code of ethics with a proposal that the signatories would act in good faith to adhere to principles such as protecting the provision of choices to customers, helping them make informed choices and creating a healthy environment for gaming in India.

The Ministry of Electronics and Information Technology will seek Union Cabinet's approval for a ₹40,000 crore package to boost local manufacturing of electronic components in December. The package aims to offer subsidies and incentives, boosting local production to increase the value chain participation, with investments starting from April 2025.

Synopsis Markets regulator Sebi has proposed regulation of Internet firms to check the spread of misinformation about financial products on social media platforms. Companies, fearing overregulation, are seeing red. In the draft proposal, Sebi also said that social media and other internet platforms should, “to the satisfaction” of the market regulator, have the policy to share securities market-related information and data with it whenever it is sought.

India is planning a new policy to boost global capability centres. The policy will offer incentives like tax breaks. It aims to attract GCCs to smaller cities. The government wants to develop large and small GCCs. The GCC market is expected to grow significantly. The policy will also focus on talent development in areas like AI.

Google has urged the Federal Trade Commission to intervene in Microsoft's exclusive cloud deal with OpenAI, citing potential cost increases for customers. This complaint is part of a wider FTC investigation. The tech giants have clashed publicly before, with previous disputes involving data privacy and online freedom.

The country's electronics manufacturing sector is set to be strengthened through a major government initiative that will spur the components ecosystem. Experts maintain that India's next step would be to work on increasing the domestic value addition and develop the almost non-existent electronic component supply base. Let's take a closer look at this initiative and what this entails going forward.