MODI: INDIA HAS SHOWN HOW TECH CAN BE USED FOR SOCIAL WELFARE
AT LEAST 575 EXHIBITORS AND STARTUPS FROM 16 INDIAN STATES ARE PARTICIPATING IN THE THREE-DAY EXPO.
BENGALURU: India has shown that technology can be democratised and used in the fight against poverty, Prime Minister Narendra Modi said on Wednesday, adding that the country is now a red carpet for global investors.
In a recorded address at the inauguration of Bengaluru Tech Summit’s 25th edition, the PM appealed to global and domestic investors to explore opportunities in the technology and innovation sector.
“India jumped to the 40th rank on the global innovation index this year. In 2015, we were ranked 81. The number of unicorn startups in India has doubled, we are now the third largest in the world. This is due to India’s talent pool,” he said.
He said that, till now, technology was seen as an exclusive domain, reserved only for “the high and mighty”, but India has shown how it can be used for social welfare.
“In India, technology is a force of equality and empowerment. Earlier, technology was seen as an exclusive domain, reserved only for the high and mighty, but India has shown how it can be used for social welfare,” he said. Meanwhile, Karnataka CM Basavaraj Bommai announced that six new “high-tech cities” will be built within six months in Hubbali, Dharwad, Mysuru, Mangaluru as well as two locations in central Karnataka. Representatives from more than 15 nations are scheduled to attend the summit, including those from Japan, Finland, the Netherlands, Denmark, Sweden and Switzerland.