India must aim for 500-600 tech firms with Rs 5000-crore turnover, says MoS Rajeev Chandrasekhar

NEW DELHI: India’s growing technology industry has proven to be crisis resilient and a driver of country’s exports. According to the Minister of State for Ministry of Electronics and Information Technology (MeiTY), Rajeev Chandrasekhar, the target should be to have 500-600 technology companies with annual turnover of Rs 5,000 crore.

“We currently have 25 companies with a revenue of Rs 5000 crore and more in the next 3-5 yaers. But I say with full confidence, that the ambition should be to have 500-600 tech firms with Rs 5000 crore. I have done my maths and this is not an exaggeration,” the union minister said.