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Informist, Monday, Sep 23, 2024

 

NEW DELHI - Prime Minister Narendra Modi on Sunday interacted with the chief executive officers of 15 technology companies, including Google, HP, and IBM, in New York and "encouraged them to take advantage of India's growth story for collaboration and innovation".

 

Modi said these companies could co-develop, co-design, and co-produce in India for the world, harnessing the opportunities from India's economic and technological growth. He assured the business leaders of India's deep commitment to protection of intellectual property and fostering tech innovation.

 

"...21st century is technology-driven. There is a need for balance between technology and democracy as the convergence of democratic values and technology gives a guarantee to human welfare...Technology minus democracy creates an environment for crisis. India is a country which has a lot of talent, democracy and market," Modi said. 

 

The round table, anchored by the Massachusetts Institute of Technology, School of Engineering, focused on artificial intelligence and quantum; biotechnology and life sciences; computing, IT and communication; and semiconductor technologies, the Ministry of External Affairs said. 

 

Modi appreciated the efforts of the MIT School of Engineering and its dean in bringing the technology leaders together. He noted that technology collaboration and efforts such as the Initiative on Critical and Emerging Technologies were at the core of the India-US Comprehensive Global Strategic Partnership. 

 

The prime minister stressed that India would make every effort to become the third-largest economy in the world in his third term.

 

Modi said his government was committed to making India a global hub for semiconductor manufacturing. He highlighted the economic transformation underway in India, particularly in electronics and information technology manufacturing, semiconductors, biotech and green development. He also dwelt on India's BIO E3 policy to develop the country into a biotech powerhouse. He noted that India's policy was to promote artificial intelligence for all, underpinned by its ethical and responsible use.

 

The tech industry leaders expressed strong interest in investing and collaborating with India, the ministry said. 

 

"India's growing prominence as a global technology hub, driven by its innovation-friendly policies and flourishing market opportunities, got much appreciation from the tech leaders. They also agreed that investing in startups would be a synergistic opportunity to innovate and develop newer technologies in India," the ministry said.

 

After the interaction, Google CEO Sundar Pichai said Prime Minister Modi had pushed them to continue making in India and designing in India. PM Modi wanted to ensure that ultimately, artificial intelligence was there to benefit the people of India, and was challenging tech leaders to do more in this regard, Pichai said. 

 

Nvidia CEO Jensen Huang said artificial intelligence was a new industry, and he was looking forward to partnering with India in a deep way. 

 

Modi is on a three-day visit to the US. He took part in the fourth Quad Leaders' Summit in Wilmington, Delaware, being hosted by US President Joe Biden, and also held bilateral talks with Biden on the sidelines of the summit.

 

The Quad, or the Quadrilateral Security Dialogue, is a strategic forum comprising four countries--India, the US, Japan, and Australia. It is aimed at promoting regional security and economic cooperation in the Indo-Pacific region.

 

Today, Prime Minister Modi will attend the Summit of the Future at the United Nations in New York.  End

 

Reported by Kuldeep Singh

Edited by Avishek Dutta

 

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