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Tag: PM Modi

  • Modi Meets 15 Tech CEOs at MIT Roundtable in the US; Nvidia, and Google CEOs Praise AI Vision

    On 23 September 2024, Prime Minister Narendra Modi participated in an important roundtable meeting with top technology experts from the United States. The topic of discussion was regarding the promotion of creativity and collaboration within India’s fast-growing technology sector.

    In the course of Prime Minister Modi’s three-day trip to the United States, a significant portion of the trip was spent in New York City, where this high-profile meeting took place at the Lotte New York Palace Hotel.

    The School of Engineering at the Massachusetts Institute of Technology (MIT) was the host institution for the event, which brought together renowned chief executive officers from leading firms that specialize in artificial intelligence, quantum computing, semiconductors, and biotechnology. Other notable individuals who were present at the event included Sundar Pichai, who works for Google, Jensen Huang, from Nvidia, Lisa Su, who serves for AMD, and Shantanu Narayen, CEO of Adobe.

    Focus of This Round-Table Meet

    The conversation centered on how cutting-edge technologies such as artificial intelligence (AI), quantum computing, and biotechnology are influencing the landscape of technology around the world and making a contribution to the advancement of humankind. The Ministry of External Affairs (MEA) brought attention to the fact that the discussion focused on how these technologies are being utilized to revolutionize the economy of the entire world and to improve the standards of living of people all over the world, including those living in India.

    In the statement made by the Ministry of Executive Affairs (MEA), Prime Minister Modi emphasized India’s commitment to fostering ethical and responsible usage of artificial intelligence through its ‘AI for All’ strategy during the meeting.

    Further, the Prime Minister reminded the leaders of the technology sector that India is committed to protecting intellectual property and developing an environment that is conducive to innovation driven by technology. He strongly encouraged the chief executive officers to capitalize on India’s economic expansion and the country’s potential to become the third-largest economy in the world in a relatively short time.

    The Meet Highlights the Investment Opportunities in India

    Another important point that was brought up throughout the conversation was the potential for investment in India’s rapidly developing startup ecosystem. An emphasis was placed on the role that startups play in driving technological developments and providing creative solutions, as well as the potential that startups have to function as a bridge for American corporations who are entering the Indian market.

    Sundar Pichai, CEO of Google, spoke to the press after the roundtable and said that Prime Minister Modi has encouraged the tech industry to keep creating and developing in and for India. In addition to this, he went on to state that the Prime Minister of India is concerned with ensuring that artificial intelligence is ultimately developed for the benefit of the people of India. He is pressing those who work in the field of technology to do more in the field of artificial intelligence so that it might be of use to the people of India.

    As both countries continue to investigate potential pathways for mutual growth and innovation, this roundtable represents a crucial step in strengthening the ties that bind India and the United States, particularly in the field of technology.

    Global Meets Local: How Worldwide Startup Trends Reshape Our Ecosystem
    Discover the transformative impact of global forces on local startup ecosystems, shaping the future of entrepreneurship in a dynamic landscape of innovation and evolution.
    StartupTalkyMuskaan Kapoor

  • After Meeting with Prime Minister Modi, Top Semiconductor CEOs Expressed Their Gratitude

    At 7, Lok Kalyan Marg on 11 September 2024, Narendra Modi, the prime minister of India, presided over the Semiconductor Executives’ Roundtable. A broad variety of topics about the semiconductor industry were covered by the prime minister. PM Modi discussed the potential of this industry to advance Earth’s growth path. In addition, he emphasized how India is becoming an attractive investment location due to the reforms that are currently underway.

    The chief executive officers praised India’s efforts to expand the semiconductor industry and said that the gathering of industry heavyweights here today was a first.

    Key Pillars of India’s Development Strategy

    Improving physical, digital, and social infrastructure; encouraging inclusive growth; lowering regulatory burdens; and drawing investments in manufacturing and innovation were among Modi’s main points during the summit, which formed the basis of India’s development plan. He highlighted India’s ability to join a diverse global semiconductor supply chain as a dependable partner, thanks to its trained workforce and expanding talent pool.

    The head of state assured the business leaders of a steady and predictable policy environment while reiterating the government’s pledge to back the sector through its ‘Make in India‘ and ‘Make for the World’ programmes. Modi added that India is trying to attract high-tech investments and that the government will step up its efforts in response to the positive response from semiconductor industry executives.

    Acknowledging the government of India, Chandan Kumar GV, Vice President, Client Engagement at Indxx stated, “India currently grapples with a significant shortfall in chip manufacturing, leading to heavy reliance on imports. To address this challenge, the government has adeptly seized the opportunity presented by global supply chain disruptions from the pandemic to position India as a viable alternative to China in the semiconductor market. Central to this strategy is the India Semiconductor Mission (ISM), which aims to develop a robust domestic semiconductor ecosystem and lessen dependence on foreign technology.”

    “The ISM launched in December 2021 with an initial allocation of Rs. 76,000 crore (US$ 9.2 billion) represents a bold step toward transforming the sector. This initiative includes substantial government support, covering up to 50% of project costs through schemes like the Semiconductor Fab Scheme and Display Fab Scheme,” he added.

    Attendees of the Roundtable and Their Confidence in India

    Many prominent semiconductor companies’ CEOs and executives were present at the roundtable, including SEMI, Micron, NXP, PSMC, Renesas, Applied Materials, and countless more. Notable faculty members from Stanford, UC San Diego, and IIT Bhubaneswar were also in attendance.

    Not just in terms of manufacturing, but also in terms of the production of raw materials, attendees voiced their opinion that India possesses the potential to become a worldwide powerhouse in the semiconductor supply chain. The corporate business leaders all agreed that India is the new investment destination, a belief that was strengthened by their pleasant experiences with Prime Minister Modi in the past.

    India Backing the Semiconductor Industry

    The plan to build a semiconductor factory in Sanand, Gujarat, with a daily chip manufacturing capacity of 6 million and an investment of INR 3,300 crore was given the green light by the Union Cabinet on September 2. The unit is a part of a larger government programme that includes four other semiconductor facilities in the works in Gujarat and Assam. These plants have a combined investment of around INR 1.5 lakh crore and can produce 70 million chips per day.

    The upcoming SEMICON India 2024, which is scheduled to be hosted in Greater Noida, will also showcase the country’s advances in the burgeoning semiconductor ecosystem.

    India’s Semicon Mission Set to Receive Crucial 8-Year Financial Boost
    Reports indicate that government officials are contemplating a five-year extension of the budgetary assistance period under the second phase of the India Semiconductor Mission (ISM) to eight years.
    StartupTalkyNitin Konde

  • PM Modi to Launch ‘Jal Sanchay Jan Bhagidari’ Program in Gujarat

    On September 6, 2024, in Surat, Gujarat, Prime Minister Narendra Modi will inaugurate the “Jal Sanchay Jan Bhagidari” program, a joint venture with community partners. Jal Shakti Abhiyan: Catch the Rain is hoping to gain further traction with this project.

    The Government of Gujarat has endeavored to mobilize citizens, local bodies, industries, and other stakeholders to ensure a water-secured future, inspired by Prime Minister Narendra Modi’s vision of a whole society, whole government approach to water conservation with a strong emphasis on community partnership and ownership. This campaign aims to show how community ownership and engagement may help achieve Modi’s goal of water security. Improving rainwater gathering and attaining long-term water sustainability will be greatly assisted by the recharge structures created under the initiative.

    Jal Sanchay Jan Bhagidari Campaign’s Aims

    The Prime Minister’s steadfast commitment to water conservation is shown in the Jal Sanchay Jan Bhagidari initiative. This effort is inspired by his strong advocacy for sustainable water management, which he frequently emphasizes in his talks. Everyone from citizens to businesses and government agencies must work together to ensure water security, according to the prime minister, who has stressed this point on multiple occasions.

    A paradigm for water conservation in Gujarat that is firmly based on community engagement and CSR-driven projects, the Jal Sanchay Jan Bhagidari program seeks to broaden this approach. The goal of the program is to bolster the Jal Shakti Abhiyan: Catch the Rain campaign, which is the Prime Minister’s plan to make use of every drop of rain.

    With this program, India hopes to pave the way for future water conservation initiatives. Sustainable water management is crucial to the nation’s development, and by highlighting Gujarat’s innovative model, it hopes to motivate collective action in this direction.

    Effects and Prospects for the Future

    By providing a blueprint for similar CSR-driven programs, the “Jal Sanchay Jan Bhagidari” project hopes to energize people to do more to save water. Through the program, Gujarat’s achievements will be highlighted, potentially inspiring other states and union territories to follow suit. The participation of State Nodal Officers from various parts of the nation at this launch ceremony highlights the initiative’s significance on a national level.

    Launching “Jal Sanchay Jan Bhagidari” is a major milestone on India’s path to water security. Through the utilization of community involvement and CSR funding, this endeavor has the potential to revolutionize water conservation efforts nationwide, guaranteeing a sustainable water future for upcoming generations.

    This initiative is poised to set a new benchmark for water conservation initiatives across the country by utilizing the power of community engagement and CSR funding. This will ensure that future generations will have access to water that is sustainable.

    Kaynes Purchases Land in Gujarat to Construct a Semiconductor Unit
    Kaynes Technology, an Electronics manufacturing services provider, has bought some property in Sanand, Gujarat, to establish an OSAT (outsourced semiconductor assembly and test) unit.
    StartupTalkyNitin Konde

  • PM Launches ‘Aatmanirbhar Bharat App Innovation Challenge’ | Urges Techies And Startups To Participate

    Earlier today, Prime Minister Narendra Modi tweeted about the new ‘Aatmanirbhar Bharat App Innovation Challenge’. The challenge which was launched through the PM’s tweet challenges Indian Startups and companies to develop ‘Made in India’ applications that will facilitate not only the people of India but the whole world. In his tweet, PM urged all the tech and startup community to come forward and develop world-class mobile applications under the challenge.

    PM Narendra Modi Launches The ‘Aatmanirbhar Bharat App Innovation Challenge’ Through Twitter

    The challenge was launched under the Digital India mission by the collaboration of The Ministry of Electronics And IT with The Atal Innovation Mission (AIM) which is an endeavor of Niti Aayog.

    In a second tweet, Prime Minister Narendra Modi urged everyone with such a working product or the ideas and vision to create one to come forward and take part in the challenge. He also gave a tagline for this challenge:

    Let us Code for an Aatmanirbhar Bharat!

    PM urged Technology Startups and Enthusiasts To Participate

    It has been only a few days since the Government of India banned 59 Chinese mobile applications such as TikTok, ShareIt, Xender, etc. from the Indian market. And the Government of India has already started to make India Aatmanirbhar in terms of world-class mobile applications.

    “Today, when the entire nation is working towards creating an Aatmanirbhar Bharat, it is a good opportunity to give direction to their efforts, momentum to their hard-work and mentorship to their talent to evolve Apps which can satisfy our market as well as compete with the world.”, wrote PM Narendra Modi on his LinkedIn post.

    Why Is This Important?

    China had huge control over the Indian market until the ban of the 59 Chinese applications a few days ago. These 59 applications contained some applications which were very popular in the Indian market. Some of such popular apps were TikTok, Xender, UC Browser, Shein, Club Factory, and more. While the Indian alternatives of these applications are available to download, they are much behind in terms of quality. Therefore, it was an important decision to launch the challenge.
    The challenge will motivate Indian Startups and techies to create such world-class applications that will find top spots in the world market. One more reason is that although Chinese apps have been banned in India, we still have many foreign-based applications that are very popular in India. These include popular social media apps WhatsApp and Instagram, Google apps, and more. Therefore, this decision was made not only for developing Indian alternatives for the 59 Chinese apps that were banned but also to develop apps that can conquer the World market and leave other apps behind.

    Although the Chinese apps have been banned by the Government from the Indian market, there are still many apps that Indians use which are not India-based. Therefore, this challenge will prove out to be a good step towards the Aatmanirbhar Bharat movement and the revenue generated by Indian apps will stay in India itself, helping a little to the Economy of India.
    PM Narendra Modi informed on his LinkedIn account that the challenge will be run on 2 different tracks. First – To promote existing Indian applications. And Second – To help people and startups to develop new applications in terms of financial and ideation support.

    The innovation challenge is being launched in 8 different categories:

    1. Office Productivity and Work From Home
    2. Social Networking
    3. News
    4. Games
    5. E-Learning
    6. Health and Wellness
    7. Entertainment
    8. Business (including Agritech and Fintech)

    The last date for submission of work has been set to 18th July and the work will be judged based on its ease of use, Security Features, Scalability, and Robustness.
    Along with the motivation to work, the challenge also offers money prizes to the top 3 contestants in each category along with the top 3 candidates of sub-categories decided by the Jury. The prizes will be as follows:

    Position Attained (in each category) Prize
    First 20 Lakhs
    Second 15 Lakhs
    Third 10 Lakhs

    Position Attained (in each sub-category) Prize
    First 5 Lakhs
    Second 3 Lakhs
    Third 2 Lakhs

    Along with the prize money, the apps will be given a place on the top leader-boards.

    Conclusion

    This challenge will motivate many individuals and companies to come forward and use their brains for the benefit of India. It is true that India has brains but lacks the motivation to create such world-class applications. This challenge will give them support as well as the motivation required by them to use their skills towards the betterment of India.