India on the threshold of an IT revolution: Modi

06 Oct 2015

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India is on the threshold of a big IT revolution, Prime Minister Narendra Modi told a conference convened by the National Association of Software and services Companies (Nasscom) in Bengalure today.

''We are at the tipping point where technology is going to be leveraged to meet the aspirations of our 1.25 billion citizens. These initiatives provide additional avenues for investment in modern technology and human resources,'' he said.

The prime minister thanked Nasscom for being an active partner in this journey and helping to ignite this energy through an interface of youth with the eco-system of Silicon Valley.

''Ours is a country of the young and it is going to remain so for many more years,'' Modi said, adding that there is a huge domestic market in India.

''Unlike a decade ago, talented young minds in India are no longer looking merely for high paying jobs. Instead, they have now begun taking risks and preferring to become entrepreneurs. We have witnessed exponential growth in the number of start-ups in the recent past. Some of these have begun to challenge established global players.''

He said the government will be open to welcome new ideas, innovations and enterprises. ''I had said in Hannover and I am saying it again, that we are also open to carry out necessary corrections in our policies and procedures. I can say that, never before, India was so well prepared to absorb talent, technology and investment from outside.''

''The necessary conditions to propel the Indian economy to a high growth trajectory do exist today. I am eagerly looking forward to working with you,'' he said.

''While in Bengaluru, I must add that It is the software of India that will move the hardware across the world; It is the talent of India that will master the technology; It is the market of India that will motivate manufacturing.

''Therefore, it makes strong business sense to be in India. It makes even better business sense to Make in India.

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