Indian Govt Plans to Create $15 Billion Worth 'Internet Of Things' Industry by 2020

The government is working on an ambitious plan to create $15 billion 'Internet of Things' industry in the next six years. Internet of Things, or IoT, can be loosely described as a network of inter-connected devices that can be accessed through the Internet.

For instance, with IoT, street lights will automatically go off when they sense no traffic on the roads and consequently save power. Another application could be a smart band that will automatically alert physician when body vitals go to abnormal levels.

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"Among other things, IoT can help automate solutions to problems faced by various industries like agriculture, health services, energy, security, disaster management etc. Through remotely connected devices," the draft IoT policy document says.

Indian Govt Plans to Create $15 Billion 'Internet Of Things' Industry

Some of the proposed concepts under the policy include development of tools to monitor quality of water flowing in taps and levels in reservoirs, smart environment to monitor quality of air, technology to monitor changes in body vitals and send alerts to hospitals.

Human role will be limited to setting up parameters for alerts and other activities expected from the objects.

The policy has the objective "to create an IoT industry in India of $15 billion by 2020. This will also lead to increase in the connected devices from around 200 million to over 2.7 billion by 2020."

The number of internet-connected devices (12.5 billion) surpassed the number of human beings (7 billion) on the planet in 2011, and by 2020, Internet-connected devices are expected to number between 26 billion and 50 billion globally, the draft policy document said.

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The proposed policy is in line of government's plan to develop 100 smart cities in the country, for which Rs 7,060 crore has been earmarked in the current year's Budget.

Devices or objects under IoT, will be connected seamlessly on networks and communicate with least human intervention. The IoT policy excludes phones, tablets and personal computers.

The Department of Telecom has already floated a draft policy on technical communication among machines but is yet to finalise guidelines.

To boost IoT, the government has plans to fund creation of resource centres and test-beds as a common experimental facility to conduct experiments with an allocation of Rs 18 crore as 100% fund with Rs 1 crore for each partner and Rs 3 crore for nodal agency over a period of five years.

The government will set up incubation centres that are proposed to be called National Centre of Excellence in partnership with IT industry body NASSCOM and other industry associations at an estimated cost of Rs 35 crore for 5 years to execute a centre with capacity of 40 people.


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