? Cool Title, but what’s the news?
The government has mandated giving preference to locally produced cyber security products in all public procurement where intellectual property rights are owned by companies or start-ups incorporated in India.
? Okay, but what does it mean?
The ministry of electronics and information technology (MeitY) said in an order that it “hereby notifies that Cyber Security being a strategic sector, preference shall be provided by all procuring entities to domestically manufactured/produced Cyber Security Products”.
? Why should I care?
The new order will be applicable to all ministries and departments under the central government. Preferential market access for cyber security may become the backbone for India’s national and economic security in the future.
And after all, advanced and home grown cybersecurity measures mean better protection for ensuring everyone’s digital profile & finances stay safe.