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India has been advancing one more stage on the way to mobile phone cyber security. The Indian government is finalising cyber security standards to counter rising cyber attacks and breach of financial and personal data from mobile-phone companies.

“The products of all mobile manufacturing units must be security-compliant. There will be no compromise on this issue,” Union Minister for Information Technology and Electronics Ravi Shankar Prasad was quoted by various local media.

India’s Ministry for Electronics and Information Technology had recently instructed 21 smartphone manufacturers, including Chinese firms, to share the security procedures they have undertaken to ensure data security of mobile phones, according to defenseworld.net.

Prasad informed that cyber enabled security testing is going to become a big initiative in India. “We need low-cost cyber technology and low-cost well qualified cyber auditors.”

The country’s digital economy was currently worth $500 million and had the potential to scale the $1 trillion figure in 4-5 years, he added.

He added that in last three years, 93 mobile manufacturing factories have come up in India with Noida emerging as a big hub for mobile manufacturing where 32 such factories have come up. “Noida and Greater Noida has great potential of becoming a center of software park, educational and management hub and other commercial activity,” Prasad said, according to indiatimes.com.

Talking about the need to create human resource in field of cyber knowledge, he said that 44 universities and colleges have been identified in this regard. “We are going to begin cyber security educational course as a big learning ground to make good graduates for future requirement,” said Prasad.

He added that there have been three phases of growth of India’s IT industry, whereby in phase one Indian IT companies became the ‘toast of the world’ while in phase two international giants like Amazon, Google, Facebook, Twitter and others came to India considering it a huge market. “The third phase is that of India’s domestic IT initiative, startup movement which is growing very fast with 3-4 startups coming up everyday,” said Prasad.

“We have about 5000 startups in India today, and many of them are becoming unicorn companies, this digital ecosystem of India is going to rise and no one can stop this march,” he added.