Piyush Goyal Calls for $1 Trillion Tech Sector by 2035, Targets 10 GW Data Capacity

Ø Tax Benefits Till 2047 to Boost FDI, Jobs and Data Centre Ecosystem; Clean Energy Push to Strengthen Competitiveness

Ø AI to Augment Humans, But Cybersecurity and Data Integrity Key; Calls for Widespread AI Education

Vision & Targets

· Trillion-dollar tech opportunity by 2035.

· India to become a global hub for AI-driven services and data centres.

· Target: 10 GW data centre capacity by 2030.

· Focus on applied AI, reskilling, domestic value creation, and talent retention.

Digital & Energy Foundations

· Digital Strengths:

o Nearly 1 billion internet users.

o High per capita data consumption.

o Affordable data, 5G rollout, upcoming 6G.

o Current tech services industry valued at $250–$300 billion.

· Energy Infrastructure:

o Unified national power grid: 500 GW capacity, half from clean energy.

o Renewable tariffs: solar ₹2.31–₹2.41/unit, wind ~₹2.5/unit.

o 24-hour clean energy at <₹6/kWh.

o Goal: 500 GW renewable capacity by 2030.

Policy & Incentives

· Tax benefits till 2047 for investments in data centres and related ecosystems.

· Boost to FDI, forex inflows, and job creation.

· Clean energy integration: nuclear, pumped storage, battery storage, green hydrogen, green ammonia.

Artificial Intelligence

· AI to augment humans, not replace them.

· Cybersecurity, data integrity, and human validation remain critical.

· Call for widespread AI education among leaders, policymakers, and industry.

Governance & Industry Collaboration

· Industry-led approach with government as facilitator.

· Structured engagement: MeitY, DPIIT, Invest India, NITI Aayog, Education & Skill Ministries, NASSCOM.

· Proposal: monthly Saturday dialogues to address challenges.

· Coordination with states for single-window clearances, land approvals, electricity upgrades.

Takeaway

India is setting its sights on a trillion-dollar tech future by 2035, powered by AI, clean energy, and data centres. With strong policy incentives, infrastructure reforms, and industry-government collaboration, the country aims to emerge as a global leader in frontier technologies while ensuring sustainability and security.

[ABS News Service/13.02.2026]

Calling upon India’s technology sector to reset its ambitions towards a trillion-dollar opportunity by 2035, Union Minister of Commerce and Industry Piyush Goyal on 12 February, 2026 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.

Mr. 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 Mr. 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, Mr. 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, Mr. 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.