Top government official on Thursday said, India cannot afford to borrow cyber security resources, even from friendly countries, as doing so would jeopardize the country’s security and independence.
Secretary S. Krishnan stated during a roundtable with start-ups hosted by the Ministry of Electronics and Information Technology (Meity)’s Start-up Policy Forum that sponsoring start-ups, particularly those in growth and later stages, is essential for organizations in deep-tech fields like cyber security. “There is a crucial story, especially in something like cyber security. The crucial story is that you have to have an independent resource within the country. You can’t afford not to have it. This is not something where you can actually take it from other countries. It becomes a threat to our own sovereignty,” Krishnan said.
He was discussing the difficulties the government had when funding startups and the necessity of matching support to the strategic needs of the state.”It (importing cyber security resources) becomes a threat to our security to actually have to take it from any country, even a friendly country … entire suite of offerings which you need for cyber security, eventually you have to have the capacity. There clearly the kind of financing which is required in the later stage becomes very important,” Krishnan said.
According to him, funding concerns will be the same in certain deep tech fields, such as artificial intelligence, quantum, or any other developing technology.”The government, as an organization, sometimes finds it difficult because, ultimately, we are spending public money. All of you, including me, we all pay taxes so we would like to know how public money is being apportioned and spent. We have every right to ask that,” Krishnan said.
Startups may think government procedures are overly strict, but they must pass certain standards, he added. According to Krishnan, a number of ministries are implementing start-up initiatives that result in overlapping roles among government agencies.According to him, the involvement of several government agencies at the federal and state levels offers a number of funding options, but it also causes start-ups to spend a lot of time looking for money under various schemes.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
