The ‘Digital India Week,’ to be inaugurated by Prime Minister Narendra Modi on July 1, is likely to see commitments of “billions of dollars” of investments by foreign and domestic firms, Telecom Minister Ravi Shankar Prasad said on Saturday.

“A number of memorandums of understanding for investment proposals will be signed. We except large-scale investments in electronic manufacturing and Digital India…should be billions of dollars. The industry leaders will announce their plans at the event,” Mr. Prasad said.

The investments will also generate employment for lakhs of people, he added.

“The Digital India programme can help India make rapid strides in business and technology. Private participation is one of the factors that will determine its success,” the Minister said.