MeitY Urges Startups To Develop Cybersecurity, Cyber Hygiene Products
At the launch event of ‘Cyber Security Grand Challenge,’ the ministry of electronics and information technology (MeitY) secretary Ajay Prakash Sawhney, said that India with its proven ability in software solution and services has the potential to grow aggressively in the area of cybersecurity, especially with the help of startups working in the field of cybersecurity and cyber hygiene.
Sawhney in a media report said that the government looks to provide a platform for innovators and startups to align its efforts in the development of products and solutions for solving critical cybersecurity problems.
Further, the MeitY official said that the cybersecurity service and products business in India is $1.9 Bn (INR 13.5K Cr) and $450 Mn (INR 3.2K Cr), respectively. Overall, the Indian cybersecurity market is currently worth $5 Bn (INR 35.5K Cr), Sawhney said. He added that these numbers need to increase drastically in the coming days and more cybersecurity and cyber hygiene products and tools need to be developed by startups and large corporates to tackle the vulnerabilities occurring across various channels.
(Source :Inc42)
