Date: 2026-02-12Category: Press ReleaseState: Union GovernmentCountry: India
Reset Ambitions for Trillion-Dollar Tech Future by 2035, Embrace AI and Clean Energy: Union Minister of Commerce and Industry Shri Piyush Goyal to Industry
**Executive Summary**
Union Minister of Commerce and Industry Shri Piyush Goyal addressed India's technology sector, encouraging it to aim for a trillion-dollar tech future by 2035, embracing AI and clean energy. He highlighted government initiatives to boost FDI, jobs, and the data center ecosystem, including tax benefits until 2047, as well as the focus on clean energy to strengthen competitiveness. The minister called for widespread AI education, emphasizing the importance of cybersecurity and data integrity.
**Key Points / Main Content**
* **Ambitious Goals:**
* India's technology sector should aim for a trillion-dollar opportunity by 2035.
* India should target at least 10 GW of data center capacity by 2030.
* India aims to achieve 500 GW of renewable capacity by 2030.
* **Government Initiatives:**
* Tax benefits are extended until 2047 to boost FDI, jobs, and the data center ecosystem.
* Strengthening of India's unified national power grid.
* Transparent reverse bidding has lowered solar and wind tariffs.
* Recent Budget announcements offer income tax benefits up to 2047 for certain investments
* **Technology Focus:**
* Embrace AI and clean energy.
* India should position itself as a global hub for AI-driven technology services.
* Affordable data, 5G rollout, and upcoming 6G capabilities strengthen India's digital ecosystem.
* Cybersecurity, human validation, and data integrity are critical for AI implementation.
* Widespread AI education is needed among business leaders, policymakers, and decision-makers.
* **Collaboration and Streamlining:**
* Structured, ongoing engagement with government bodies (MeitY, Ministry of Commerce & Industry, DPIIT, Invest India, NITI Aayog, Ministry of Education, Ministry of Skill Development) and industry bodies (NASSCOM).
* States should streamline single-window clearances, land approvals, and electricity access for AI and data center operations.
**Impact Analysis**
**Technology Sector**
*Impact:*
The technology sector is encouraged to pursue ambitious growth targets and embrace AI and clean energy technologies. They will benefit from government support and streamlined processes.
*Action Required:*
Reset ambitions towards a trillion-dollar opportunity, adopt AI and clean energy, and collaborate with government initiatives.
**Investors (FDI)**
*Impact:*
Investors are incentivized by extended tax benefits and improved infrastructure.
*Action Required:*
Consider investments in India's technology and data center sectors, leveraging tax incentives.
**Educational Institutions & Policymakers**
*Impact:*
Need to implement AI education and training.
*Action Required:*
Develop and implement widespread AI education programs for business leaders, policymakers, and decision-makers.
**Government (Central & State)**
*Impact:*
Government agencies are involved in facilitating growth through policy, infrastructure development, and collaboration.
*Action Required:*
Participate in structured engagement, streamline clearances, and support infrastructure upgrades.
Key Entities Referenced
Ministry of Commerce & Industry: Indian government ministry responsible for international trade, industrial policy and promotion.
NITI Aayog: The premier policy think tank of the Government of India.
New Delhi: Location of the NITI Frontier Tech Hub's roadmap report launch.
New Telecom Policy of 1999: Telecom policy under Prime Minister Shri Atal Bihari Vajpayee, that laid groundwork for digital transformation.
DPIIT: Department for Promotion of Industry and Internal Trade
Ministry of Commerce & Industry
Reset Ambitions for Trillion-Dollar Tech Future by
2035, Embrace AI and Clean Energy: Union
Minister of Commerce and Industry Shri Piyush
Goyal to Industry
Tax Benefits Till 2047 to Boost FDI, Jobs and Data Centre
Ecosystem; Clean Energy Push to Strengthen
Competitiveness: Shri Goyal
AI to Augment Humans, But Cybersecurity and Data Integrity
Key; Calls for Widespread AI Education: Shri Goyal
Posted On: 12 FEB 2026 8:37PM by PIB Delhi
Calling upon India’s technology sector to reset its ambitions towards a trillion-dollar opportunity by 2035,
Union Minister of Commerce and Industry Shri Piyush Goyal today said the industry must embrace
reimagination to stay ahead in an era defined by artificial intelligence, data centres and clean energy.
Launching the NITI Frontier Tech Hub’s roadmap report titled “Reimagination Ahead” in New Delhi, the
Minister said India should target at least 10 GW of data centre capacity by 2030 and position itself as a
global hub for AI-driven technology services. He emphasized that the future lies in applied AI, reskilling
at scale, domestic value creation and retaining talent within the country.
Shri Goyal highlighted that India’s nearly one billion internet users, among the world’s highest per capita
data consumption, and rapid AI adoption provide a strong foundation for expansion. Affordable data, 5G
rollout and upcoming 6G capabilities have strengthened India’s digital ecosystem, enabling the growth of
a $250–$300 billion technology services industry.
He underlined that robust infrastructure reforms have powered this rise. Recalling the New Telecom
Policy of 1999 under Prime Minister Shri Atal Bihari Vajpayee, he noted that affordable connectivity laid
the groundwork for digital transformation. He also cited the post-2014 strengthening of India’s unified
national power grid, which now has 500 GW installed capacity, including 250 GW of clean energy.
Renewable energy capacity has expanded rapidly, supported by transparent reverse bidding that brought
solar tariffs down to nearly ₹2.31–₹2.41 per unit and wind tariffs to around ₹2.5 per unit. India now
provides 24-hour clean energy at under ₹6 per kilowatt hour and aims to achieve 500 GW of renewable
capacity by 2030.
The Minister said recent Budget announcements offering income tax benefits up to 2047 for certain
investments will further boost foreign direct investment, foreign exchange inflows and job creation,
particularly in the broader ecosystem around data centres. Clean energy integration, nuclear expansion,pumped storage, battery storage, green hydrogen and green ammonia initiatives will reinforce India’s
competitiveness.
On artificial intelligence, Shri Goyal stressed that while AI will augment human capabilities,
cybersecurity, human validation and data integrity will remain critical. He called for widespread AI
education among business leaders, policymakers and decision-makers to ensure effective adoption.
Emphasizing an industry-led approach with government as facilitator, he proposed structured, ongoing
engagement involving MeitY, the Ministry of Commerce & Industry, DPIIT, Invest India, NITI Aayog, the
Ministry of Education, the Ministry of Skill Development and industry bodies such as NASSCOM. He
suggested dedicating one Saturday each month for structured dialogue to address emerging challenges.
He also highlighted the importance of coordinated action with states to streamline single-window
clearances, land approvals, electricity access and distribution upgrades required for high-intensity AI and
data centre operations.
Assuring full support, Shri Goyal said the government stands ready to partner with industry in mission
mode to ensure India emerges as a global leader in technology services and frontier technologies.
***
Abhishek Dayal/ Abhijith Narayanan / Ishita Biswas
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Read this release in: Kannada , Marathi