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Modi invites the world to invest in Indian tech

2021-06-19T12:28:12.847Z

Indian Prime Minister Narendra Modi took the opportunity of a speech at Vivatech in Paris on Wednesday to call on the world to invest in ...



Indian Prime Minister Narendra Modi took the opportunity of a speech at Vivatech in Paris on Wednesday to call on the world to invest in Indian tech, which offers "

what innovators and investors need

".

Read also: In India, Narendra Modi's aura tarnished by the Covid-19 crisis

India is thriving in the tech and start-up world,

” Modi said on video conference. Alone, "

India has 1.18 billion smartphones and 775 million internet users

," while data consumption is "

among the highest and cheapest

" in the world, Mr. Modi.

"

Our nation is home to one of the largest start-up ecosystems in the world,

" and has seen the emergence of "

several unicorns (a company worth more than a billion dollars, editor's note) in recent years,

" he said also indicated. During the pandemic, the Indian biometric identification system Aadhaar made it possible to "

distribute free food to 800 million people

", he also underlined. The Indian Prime Minister also praised his country's digital cooperation with France and Europe.

"

In my conversations with President Emmanuel Macron, in my summits with European leaders, the digital partnership, from start-ups to quantum, has been a priority,

" he noted.

Like Emmanuel Macron, "

I have faith in the power of the science of innovation to help us face the future

", be it environmental or health challenges, he said.

India has a huge pool of engineers and talents in the digital field, which has attracted in particular global IT giants like the French Capgemini, which employs nearly 125,000 people, out of 274,500 in the world in total.

Read also: India: the golden promises of Narendra Modi

But a bit like Europe, despite its talents, India has failed to impose global digital titans like the American Gafam (Google, Apple, Facebook, Amazon, Microsoft) or the Chinese Batx ( Baidu, AliBaba, Tencent, Xiaomi).

Source: lefigaro

All business articles on 2021-06-19

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