India using technology as a weapon against poverty: PM at Bengaluru Tech Summit

The PM said that India is using technology as a weapon in the war against poverty, and the youth of the country has ensured the globalization of technology and talent.

In a video message, he also said that India is no longer a place known for red tape.

“It is known for the red carpet for investors. Whether it is the FDI reform, or the liberalization of the drone rules, or the steps in the semiconductor sector, or the production incentive scheme in various sectors, or the increase in the ease of doing business”, he said. the 25th edition of Asia’s largest technology event.

India has many good factors coming together, Modi said. “Your investment and our innovation can do wonders. Your trust and our technological talent can make things happen. India’s technology and innovation, he said, has taken the world by storm.

He further added, “During the pandemic, low data costs helped poor students attend online classes. Other students would have been deprived of education for 2 years. India is using technology as a weapon against poverty.”

“The power of Indian youth is known all over the world. They have ensured the globalization of tech,” said Prime Minister Modi in his virtual address.

The prime minister also added, “Health, management, finance – you will find young Indians leading many domains. We are using our talents for global good. Even in India, their impact is being seen.”

The PM also touched on India’s success in startups. The number of unicorn startups in India has doubled since 2021.

India, Modi said, jumped to the 40th rank in the Global Innovation Index this year.

“In 2015, we ranked 81. The number of unicorn start-ups in India has doubled since 2021. We are now the 3rd largest start-up hub in the world. We have over 81,000 recognized startups. There are hundreds of international companies that have R&D centers in India . This is due to India’s talent pool,” he said.

Department of Electronics, IT, Bt, S&T, Government of Karnataka and Software Technology Park of India has organized the 25th edition of Asia’s largest Tech Event – Bengaluru Tech Summit. The central theme of the summit is ‘Tech4NexGen’ and will focus on Electronics, IT, Deep Tech, Biotech, and Startups.

“India has shown how to democratize technology. India has also shown how to give tech a human touch. In India, technology is equal to power and empowerment,” added Modi.

Citing PM Gati Shakti’s National Master Plan, Modi said India has invested ₹100 trillion in infrastructure over the next few years. The number of stakeholders in any infrastructure project is large. Traditionally, in India, big projects are often delayed. Exceeding costs, and extending the usual timeline. “But now, we have a shared platform of Gati Shakti. Central government, state government, district administration, different departments can coordinate. Each knows what the other is doing.” “Information related to projects, land use and institutions are available in one place. So, each stakeholder sees the same data. This improves coordination and solves problems even before they occur. This speeds up approvals and clearances,” he said.

(With input from ANI)