Because of the climbing utilization of electronic products in India, the interest is required to build to $400 billion by 2014 and inside a couple of years, import of gadgets will surpass the fuel bill.
Discussing the expanding support of Chinese supplies assembling firms in the nation and the potential security risk, the pastor said, "I need to guarantee the country that whosoever are the gadgets producers, India's security will dependably be of central."
Chinese gear assembling firms, for example, Huawei and ZTE, have confronted some intense time in India over the recent years for claimed contribution in digital undercover work.
The ministry, which is plagued with controversies, saw favouritism to some firms during the tenure of the former telecom minister A. Raja. Prasad also said that during his tenure, all decisions would be taken on merit. "The days of lobbying and favouritism are over," he added.
The government is also keen to start a new programme for postal banking services as India has 1,55,000 post offices across the country and subsequently, a deep penetration and wide reach.