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Modi woos tech giants

CEOs express strong interest in investing in India

by Blitz India Media
September 26, 2024
in Business & Economy
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Modi woos tech giants
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Blitz Bureau

NEW YORK: Top honchos of America’s technology sector participated in a deep dive with Prime Minister Narendra Modi on the evolving technology landscape at a global level and how these cutting-edge technologies are contributing to the well-being of people around the world including in India.

PM’s assurance

At a roundtable in New York with CEOs that included the likes Google’s Sundar Pichai, Nvidia’s Jensen Huang and Adobe’s Shantanu Narayen, the Prime MInister reassured the industry leaders of India’s strong commitment to protecting intellectual property and fostering a conducive environment for technology-led innovation.

The tech leaders, representing Artificial Intelligence, quantum computing, semiconductors, and biotechnology, touched upon how technology is being leveraged for innovations, which have the potential to revolutionise the global economy and human development.

In a post on X (formerly Twitter), Prime Minister Modi said, “Had a fruitful roundtable with tech CEOs in New York, discussing aspects relating to technology, innovation, and more.

Also highlighted the strides made by India in this field. I am glad to see immense optimism towards India.” The CEOs expressed their strong interest in investing and collaborating with India. India’s growing prominence as a global technology hub, driven by its innovation-friendly policies and flourishing market opportunities, received 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.

Modi underscored India’s growing technological and economic transformation. His focus was particularly on sectors such as semiconductor manufacturing, electronics, biotechnology, green development, and information technology. On Artificial Intelligence (AI), the Prime Minister stressed that India’s policy is to promote ‘AI for All’, underpinned by its ethical and responsible use.

Startup ecosystem

The meeting also explored opportunities to invest in India’s burgeoning startup ecosystem, where innovations in technology are accelerating. Startups were seen as a crucial bridge for American companies to enter the Indian market and contribute to creating new technologies and solutions.

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