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Home»Local News»‘India now known for red carpet for investors’: PM Modi at Bengaluru Tech Summit | Bengaluru
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‘India now known for red carpet for investors’: PM Modi at Bengaluru Tech Summit | Bengaluru

November 18, 2022No Comments2 Mins Read
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Prime Minister Narendra Modi shared a pre-recorded message for the silver jubilee version of the Bengaluru Tech Summit (BTS 22) on Wednesday.

The Division of Electronics, IT, Bt, S&T, Authorities of Karnataka together with Software program Know-how Parks of India has organized the twenty fifth version of Asia’s largest Tech Occasion – Bengaluru Tech Summit.

READ | India utilizing expertise as weapon in opposition to poverty, says PM Modi

The central theme of BTS 2022 is ‘Tech4NexGen’ and can give attention to Electronics, IT, Deep Tech, Biotech, and Startups.

“India isn’t any extra a spot recognized for purple tape. It’s recognized for purple carpet for buyers. Whether or not it’s FDI reforms, or liberalization of drone guidelines, or steps within the semiconductor sector, or the manufacturing incentive schemes in numerous sectors or the rise of ease of doing enterprise,” prime minister Modi stated in his digital tackle.

Modi, earlier in his tackle talked about Authorities e-Market, additionally referred to as GeM — a platform the place small merchants and companies fulfil the federal government’s procurement wants.

“Know-how has helped small companies discover a huge buyer. On the similar time, this has lowered the scope for corruption. Equally, expertise has helped with on-line tendering. This has accelerated tasks and boosted transparency. It has additionally hit a procurement worth of ₹One trillion final yr,” PM Modi added.

READ | French President Macron to deal with in Bengaluru Tech Summit

Earlier, he stated the facility of India’s youth is thought internationally as they’ve ensured tech globalisation.

He additionally touched upon India’s success in start-ups. The variety of unicorn start-ups in India doubled since 2021. Additionally, he talked about how the International Innovation Index for India jumped to fortieth rank from 81 in 2015.

“India has proven democratise expertise. India has additionally proven give tech a human contact. In India, expertise is a pressure of equality and empowerment,” PM Modi added.

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