By Akshat Vachher
The Telangana government plans to generate jobs for 50,000 people in the next five years with its new policies. The government aims to create a 10,000 crore investment as a result of its policies in the fields of Internet of Things (IOT) and e-waste.
Creating jobs and linking devices
Internet of things is a new concept. It basically entails linking any electronic device that can be connected to the internet with other such devices. The list includes anything from mobile phones, washing machines, coffee makers, toaster, headphones, among many others. The list, in fact, has endless possibilities. Capital machinery like jet engine and oil rig can also be a part of the concept. This conception has a lot of potential. For example, if your alarm is linked with your coffee machine, then your coffee can be ready accordingly as per your convenience and your car, when linked with other devices, can suggest shorter routes and send a message to others in case of a delay. The possibilities are endless and there is a long way to go. On a broader scale, for cities and states, it can be used for transportation, making transport more efficient and reducing energy use and cutting down on costs.
If the government is able to achieve its goals and not only come up with good policies, but also successfully implement them, then the government may able to generate more than its goal of 50,000 jobs. Moreover, in this growing phase of unemployment, moving to expanding sectors will create jobs at an increasing rate. The government needs to be careful about dangers that linger with IOT. Security can turn out to be a major issue. Managing so much of data can also be a big challenge, but can also create opportunities for investment and employment generation.
The five-pillared approach
The government aims to pursue a five-pillared approach to accomplish its goals. The process includes the development of world-class infrastructure to promote the development of IOT products; provide support in terms of subsidy to companies and start-ups working in the field of IOT; achieve a talent pool; promote manufacturing and procurement of IOT infrastructure and solutions. The government also aims to enter into partnerships and tie ups to develop research and development.
The e-waste policy
The other important policy that the Telangana government has unveiled is regarding e-waste. With e-waste becoming a huge problem to the environment and with its use only bound to increase and government policies like Digital India also promoting the use of electronics, policies regarding e-waste are much needed. E-waste generation in India is rising at a frightening rate of 25% and the rate is expected to increase if waste management action is not undertaken. The government plans to begin with a focus on an incentive scheme for recyclers, dismantling units and collection centres. Incentives include a subsidy of Rs. 1 crores on an incentive of Rs. 5 crores for the first five recyclers; 25% subsidy is planned for lease rentals for the first three years for any company working in e-waste management. The government also aims to subside e-waste training. The plans to create an entire waste management sector will not only create a new industry, generating capital, employment, but will also reduce the carbon footprint.
Photo credit: curtis palmer via VisualHunt / CC BY