World Economic Forum News Updates: India now has immense opportunities in the field of semiconductors as well, says PM Modi
Indian Prime Minister Narendra Modi addressing the World Economic Forum’s Davos Agenda via video-conferencing said this was the best time to invest in India, given India’s adaptability to new tech, a report in Economic times said.
The PM said in 2014, there were just a few hundred registered startups and that today the number has crossed 60,000, several of them unicorns.
“Today, India has more than 60,000 registered startups, 80 unicorns, a country of more than 4 billion UPI transactions, and a nation with 6 lakh villages connected digitally and spending about $1.3 trillion on connectivity,” the report said quoting PM Modi’s speech on the occasion.
“India currently houses the third-highest unicorns globally,” said the Prime Minister adding that “the country, which was once known for ‘licence raj’ is nowadays encouraging ease of doing business and reducing government involvement in business.”
Presenting India as one of the world’s future tech and economic powerhouse, Modi elaborated the economic and tech reforms taking place in the country, saying that gone are the days when India’s business space was badly disrupted by government control, as the present government has removed more than 25,000 such hurdles to start a business in India.
The report quoted Chinese President Xi Jinping’s statement who “called for greater world cooperation against COVID-19 and said China would send an additional 1 billion doses of vaccine to other countries, while urging other powers to discard a “Cold-War mentality” at a time of rising geopolitical tensions, a veiled swipe at the United States.”
“Today, India has more than 60,000 registered startups, 80 unicorns, a country of more than 4 billion UPI transactions, and a nation with 6 lakh villages connected digitally and spending about $1.3 trillion on connectivity,” Modi said.
Meanwhile a report from IANS news agency said, “Virtually delivering the ‘State of the World’ special address to the World Economic Forum’s (WEF) Davos Agenda, Prime Minister Narendra Modi underlined the role played by India in handling the Covid-triggered crisis and managing the vaccination drive, while touching upon the need to reshape and restructure international organisations.”
Armed with data on the Covid-19 pandemic, Modi presented India as not only a future technology and economic powerhouse of the world, but also showcased the country as an indispensable member of the world community, the IANS report said.
Without naming the UN, he also demanded restructuring and reforms in international organisations.
“We have not just set a record of administering 1.6 billion Covid vaccine shots, but also stood with the countries which were in need during the pandemic. India always follows the vision of ‘One Earth, One Health’, and supplied Covid vaccines to more than 150 nations along with life-saving drugs,” the Prime Minister said.
“India’s health professionals, who are always regarded for their sensitivity, went on to win the hearts of the people. Our 5-million software professionals did not let the world stop digitally by working day and night tirelessly,” Modi said in his speech.
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