3 days ago
Indian Railways Start-ups: Indian Railways to launch sandbox policy for start-ups, ET Infra
The Indian Railways is preparing a policy to set up a sandbox framework to encourage start-ups to test new ideas, Union minister for railways, information technology, and information and broadcasting Ashwini Vaishnaw said on Thursday.
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'Maybe in another two months from now, we'll have a new policy where any new innovative idea can be tried and tested at a small scale, in a sandbox environment, and then we can scale it up to a bigger level,' Vaishnaw said at a CII summit.A sandbox is a controlled environment where businesses can experiment while minimising regulatory or legal said the policy builds on Indian Railways' experience in onboarding start-ups for procurement over the last year and a half. 'The results have been very encouraging,' he minister also said India had reached a 'take-off point' in electronics manufacturing, with the first domestically produced chip expected this year.'Manufacturing and services, both are equally important for the next level of growth,' he said, adding that the mindset shift to becoming a 'product nation' is already artificial intelligence infrastructure, Vaishnaw said the government plans to add 14,000 more graphics processing units (GPUs) to the common compute cluster under the IndiaAI Mission , in addition to the 18,000 GPUs already in place.
