Bengaluru Tech Summit: India no longer known for red tape, but red carpet for investors, says PM Modi

Prime Minister Narendra Modi was addressing the 25th year of the three-day Bengaluru Tech Summit, which will see the participation of startups from 16 states for the first time.

Bangalore News | Bangalore Tech Summit | PM Modi

Prime Minister Narendra Modi addresses the Bengaluru Tech Summit. (Screengrab from official video)

Addressing the 25th year of the three-day Bengaluru Tech Summit (BTS) virtually, Prime Minister Narendra Modi Wednesday said that India was no longer known for red tape but is a place that rolls out the red carpet for investors. “From reforming the foreign direct investment to offering the ease of doing business and increasing the production incentive schemes in various sectors, India’s excellent factors can bridge your investment and our innovation,” said Modi in his video message during BTS-2022.

Modi also highlighted that Bengaluru is the home of technology and thought leadership which has made the city innovative and inclusive.

He stated that India’s youth have ensured tech globalisation and talent globalisation across sectors like managers, finance, healthcare among others and that young Indians are using their talent for global good.

“India has jumped to 40th rank in 2022 from 81 in 2015 in the global innovation index. The number of unicorn startups has doubled since 2021 and there are over hundreds of companies that have set up their research and development centres in India,” PM Modi said.

He also stressed how broadband connections and smartphone users in India have increased multifold, especially in rural India.

Modi said that while technology remained an exclusive domain, India has democratised technology by introducing big initiatives and projects such as Aysuhman Bharat, Cowin portal, PM Gati Shakti scheme, Jan Dhan Yojana, Government E Marketplace (GEM), online education on robust tech platforms.

Bengaluru Tech Summit-2022, which has attracted more than 575 exhibitors, will witness at least nine MoUs being signed and the launch of more than 20 products.

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For the first time, startups from 16 states of the country are also participating in the Bengaluru Tech Summit 22, Karnataka Minister of IT-BT C N Ashwath Narayan has said.

Over 350 experts of international repute will give a talk about the recent technological developments during the conference themed ‘Tech4NextGen’.

About 5,000 entrepreneurs are expected to visit the summit.

Sanath Prasad

Sanath Prasad is a senior sub-editor and reporter with the Bengaluru bureau of Indian Express. He covers education, transport, infrastructure and trends and issues integral to Bengaluru. He holds more than two years of reporting experience in Karnataka. His major works include the impact of Hijab ban on Muslim girls in Karnataka, tracing the lives of the victims of Kerala cannibalism, exploring the trends in dairy market of Karnataka in the aftermath of Amul-Nandini controversy, and Karnataka State Elections among others. If he is not writing, he keeps himself engaged with badminton, swimming, and loves exploring. ... Read More

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