"In 2016-17, the number of people employed was around 1.7 lakh", the minister reportedly said.
Brushing aside reports of large-scale job losses in the IT-ITeS industry, Prasad said the employment potential and prospects in the IT and related sectors are "very robust and promising".
Pointing out that the software industry may have to change its business model, the Minister said there was a change in trend in the IT sector and jobs were being created out the software industry in sectors such as e-commerce, fintech, start-ups, data analytics and cyber security. "Apple has big plans for manufacturing in India as part of their next phase of expansion", IT secretary Aruna Sundararajan, who had a meeting with officials of the company recently, said.
He added, "Indian IT companies are spread across 200 cities and 80 countries around the world, which provide direct employment to 40 lakh people and indirect employment to nearly 1.3 crore people". In FY 2017, the industry added 1.70 lakh new jobs. We are bringing BPO in small towns.
"The digital economy in the country will become a one trillion economy in the next five to seven years", said Prasad. Apple had informed the government this year in January that it is ready with a blueprint to begin manufacturing iPhones in India but wants fiscal concessions.
"APPLE has started production in bangalore in a modest level".
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The Senate Intelligence Committee said the public hearing headlined by Comey will be scheduled at some point after Memorial Day. The letter does not fully close the door on Flynn's future cooperation with the committee.
The Ministry of Electronics and IT announced a model IT tender format to be used by various government departments in procurement of IT products and services.
NASSCOM, and IT majors like TCS, Wipro, Tech Mahindra and IBM had been demanding a smooth procurement policy for doing business easily and it is the result of their consistent representation that a software procurement policy was unveiled today by the minister.
Highlighting the survey of staffing firm TeamLease, Prasad said IT sector hiring sentiment is positive and is up by 4% in October 2016 to March 2017.
"It will implement Digital India in a professional way".
The minister said that government started early preparation to check cyber attacks and India was least effected by ransomware.