India targets 6% share of global IoT market, worth $300bn by 2020
While India's national Internet of Things (IoT) policy may still be a work-in-progress, according to J S Deepak, Department of Electronics and IT Secretary, the country is aiming to capture a five to six percent share of the global IoT industry, predicted to be worth $300bn by 2020. Deepak spoke at a recent Confederation of Indian Industry event, attended by companies showcasing medical devices such as ECG devices that can automatically transmit patients' data to their doctor. He stated that the government already published a roadmap for the development of machine-to-machine (M2M) communication which will be the foundation of the IoT in India and added that 'the various policy pieces that we are laying out will lead to IoT becoming a centrepiece of Digital India structure. Increasing M2M communications has been something we have always inspired for'.

NEW DELHI: India is eyeing share of 5-6% in $300 billion global internet of things (IoT) industry in the next five years, Department of Electronics and IT Secretary JS Deepak said on Monday.“A policy framework around internet of things is in consultation stage. As per reports global IoT industry would be $300 billion by 2020 globally. The idea of IoT policy is that India should have 5-6% cent share at least of global industry,” he said while speaking at the CII National IoT Summit. Deepak said the policy in works aims at creating $15 billion domestic industry by 2020.At the event, companies demonstrated thermometer and ECG devices, among others that can automatically transmit patient's data to consultant physician. “IoT can be a game changer. It can save lot of power . We see street lights on in small cities and towns even during day. With help of tech such lights can be automatically turned off,” Babul Supriyo, Minister of State for Housing and Urban Poverty Alleviation said at the event.