The Business Bytes
TBB BUREAU
NEW DELHI, NOV 19
“Unlike the industrial era, first-mover does not matter, the best-mover does matter in the information era,” said Prime Minister Narendra Modi, while inaugurating the Tech Summit in Bengaluru via videoconference today.
“Achievements of the industrial era are past, and now we are in the middle of the information era. In the industrial era, change was linear but in the information era, change is disruptive,” the Prime Minister said adding that anyone can build a product any time that disrupts all existing equations of the market.
Modi stressed that a framework-level mindset has the potential to build an eco-system of multiple successful products. He listed out the initiatives with a framework-level mindset like UPI, National Digital Health Mission, Swamitva Scheme, etc. He said technology is setting the pace for the defence sector to evolve. He stressed on the need of data protection as well as cyber security with the rapid increase of tech use. He said the youth can play a big role in devising robust cyber security solutions which can effectively vaccinate digital products against cyber attacks and viruses.
Stating that the scope and need for innovation is relevant in the fields of science like bio-sciences, engineering, etc, the Prime Minister said, “Innovation is the key to progress and India has a clear advantage when it comes to innovation because of the talent of our youth and their zeal to innovate.” He further said: “The potential of our youth and possibilities of technology are endless. It is time, we give our best and leverage them. He expressed confidence that our IT sector will keep making us proud.”
Addressing the Tech Summit, the Prime Minister said due to Digital India, our nation has witnessed a more human centric approach to development. He said using technology on such a large scale has brought about several changes for the citizens and the benefits are clearly visible. “The government has not only created a market for digital and tech solutions, but also made it a key part of all schemes.”
The Prime Minister said the Government has used the power of data analytics to ensure better service delivery and efficiency. “Technology is the prime reason our schemes have transcended files and changed the lives of the people at such a speed and scale,” he added.
Stating that India is uniquely positioned to leap ahead in the information era, Modi said, “India has the best minds as well as the biggest market. Our local tech solutions have the potential to go global.”
The Prime Minister stressed that it is time for tech-solutions that are designed in India to be deployed for the world. The policy decisions of the Government are always aimed at liberalising the tech & innovations industry like the easing of compliance burden on the IT industry done recently. The Government always tries to engage with stakeholders in the tech industry and chart out future-proof policy frameworks for India.
The Tech Summit, organised by the Government of Karnataka along with Karnataka Innovation and Technology Society (KITS), Karnataka government’s Vision Group on Information Technology, Biotechnology & StartUp, Software Technology Parks of India (STPI) and MM Activ Sci-Tech Communications, was inaugurated by the Prime Minister in presence of Union IT Minister Ravi Shankar Prasad and Karnataka Chief Minister BS Yeddyrupa. The theme of this year’s summit is “Next is Now”.
