The prime minister noted that India is no longer known for its excessive red tape and now welcomes foreign investment. He added that India improved this year from 81st place in 2015 to 40th place in the Global Innovation Index.
Digital Desk: In a pre-recorded video message, Prime Minister Narendra Modi stated at the Bengaluru Tech summit that although India's technology and innovation have already surprised the world, the country's future will be far more significant due to creative youth and expanding access to technology. PM Modi referred to Bengaluru as the "home of technology and thinking leadership" while praising the city's long-standing dominance on India's Innovation Index.
"Technology was once thought of as a niche field. It was allegedly only for the powerful and wealthy. India has nonetheless demonstrated how to democratise technology. India has demonstrated how to humanise technology. Technology is a force for empowerment and equality in India,” he claimed.
"India is using technology as a weapon in the war against poverty. We are employing drones to map lands in rural areas as part of the Svamitva project. Then, the populace receives property cards. So there are fewer land disputes. It also makes it easier for the impoverished to get credit and financial services."
The prime minister noted that India is no longer known for its excessive red tape and now welcomes foreign investment. He added that India improved this year from 81st place in 2015 to 40th place in the Global Innovation Index.
"India has many wonderful variables coming together, whether FDI reforms, or liberalisation of drone rules, advances in the semi-conductor sector, the output incentive schemes in various industries, or the development of ease of doing business," he said. Then, the prime minister made a plea. " Your investment and our idea can do miracles. Your confidence and our technical expertise can result in success. I cordially invite you all to join forces with us as we pioneer global problem-solving, he said.
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