PM Modi addresses World Economic Forum’s Davos dialogue on fourth Industrial revolution
Prime Minister Narendra Modi on Thursday addressed the World Economic Forum’s Davos Dialogue on the ‘Fourth Industrial Revolution – using technology for the good of humanity’, via vedio conferencing.
Emphasising on the achievements during challenging pandemic times despite adverse situations Prime Minister Narendra Modi said that he has succeeded in bringing the message of confidence, positivity and optimism from 1.3 billion Indians amidst these times of apprehension.
According to Press Information’s press release confident Prime Minister Modi added that despite the initial misgivings about India’s capacity to handle the pandemic, the nation moved forward proactively with pro-participation approach and worked on strengthening the COVID specific health infrastructure, trained its human resource to tackle the pandemic and used technology massively in testing and tracking of the cases.
In India, fight against corona was turned into people’s movement and India succeeded in saving lives of maximum number of its citizens said prime minister Modi.
India’s success has global implications as 18 percent of world population live here, and effective containment here saved the humanity from a very big tragedy, said the Prime Minister.
Prime minister Modi also talked about the world’s biggest vaccination drive and India’s global efforts during the pandemic. He talked about evacuation of citizens when air space was closed and supply of medicines to more than 150 countries.
Today, India is helping countries with online training, knowledge of traditional knowledge, vaccines and vaccine infrastructure He added.
According to the PIB release PM Narendra Modi informed that apart from the two recently made in India vaccines, more vaccines are in pipeline which will enable India to help the world at greater scale and speed.
The Prime Minister Narendra Modi also informed the forum about the steps being taken on economic front. He said that India has maintained economic activity by starting infrastructure projects worth billions of rupees and initiating special schemes for employment.
Earlier we focused on saving lives now everyone is focussed on the growth of the country. India’s ambition of self-reliance will strengthen globalism anew and will help in Industry 4.0, noted PM Narendra Modi.
The Prime Minister asserted that India is working on all the four factors of Industry 4.0- connectivity, automation, artificial intelligence or machine learning and real-time data. India is among the countries where data charges are the cheapest and mobile connectivity and smart phones have reached far and wide. India’s automation design expert pool is vast and the country has made a mark in the field of AI and machine learning. Growing digital infrastructure has made digital solutions everyday part of life in India. The Prime Minister said that today 1.3 billion Indians have universal ID- Aadhar which is connected to their account and phone. In December itself there has been 4 trillion rupees worth of transection through UPI. India could transfer 1.8 trillion rupees worth of assistance through direct benefit transfer to the accounts of 760 million Indians during the pandemic. Digital Infrastructure has made public service delivery efficient and transparent.
India has started a campaign for providing easy access to health care by giving Unique Health ID to its citizens, informed the Prime Minister.
The Prime Minister Modi assured the forum that India’s Aatamnirbhar Bharat movement is committed to global good and global supply chain as India has capacity, capability and reliability to strengthen global supply chain. Its massive consumer base will further grow and help global economy.
The Prime Minister further said that India, along with possibilities, is filled with confidence and drive as there have been continued emphasis on reforms and incentive based stimulus.
The PIB release added that Structural reforms during Corona times have been supported by production linked incentives said PM Narendra Modi. India offer ease of doing business as there is a predictable and friendly environment from tax regime to FDI norms. And to top it all India is matching its growth with the goals of climate change, said Shri Modi.
The Prime Minister cautioned that technology should become a tool of ease of living not a trap, we have to keep this in mind as Corona crisis has reminded us of value of humanity, concluded the Prime Minister.
During the question answer session, the Prime Minister explained to Joe Kaeser, President & CEO, Siemens, the contours of aatamnirbhar Bharat campaign and said that making India a manufacturing and export hub is big part of the vision. He also invited the global players to take advantage of 26 billion dollar Production Linked Incentive (PLI) scheme. In a reply to Bjorn Rosengren, CEO, ABB, Shri Modi listed out the ongoing infrastructure projects in the country and informed that under National Infrastructure pipeline, projects worth 1.5 trillion US dollars will be implemented in the country in next five years. To Ajay S Banga, CEO, Mastercard, Shri Modi explained the massive financial inclusion that has taken place in the country in the recent times and steps taken to strengthen MSME sector.
In a reply to an observation from Arvind Krishna of IBM, the Prime Minister emphasized the depth of digital India. The Prime Minister said that the country’s digital profile has been completely transformed. Government’s vision is to transform the country through access, inclusion and empowerment while ensuring the privacy of the user. To Nobuhiro Endo, Chairman of the Board, NEC Corporation, the Prime Minister explained India’s approach towards the opportunities created by urbanization. India is focussing on sustainable urbanization with focus on ease of living, ease of doing business and climate sensitive development. This commitment has led to investment of 150 billion dollars were invested in urban India during 2014 to 2020, said the Prime Minister. PIB
