India No Longer Known For Red Tape, But Red Carpet For Investors: PM Modi
NDTV
PM Modi said Indian youth are being empowered by increasing tech access. A mobile and data revolution is happening in the country. In the last eight years, broadband connections rose from 60 million to 810 million, smartphone users went up from 150 million to 750 million.
Prime Minister Narendra Modi today said India is using technology as a weapon in the war against poverty, and the country's youth have ensured tech and talent globalisation.
In his video message to the Bengaluru Tech Summit (BTS), PM Modi also said "India is no more a place known for red tape. It is known for red carpet for investors. Whether it is FDI reforms, or liberalisation of drone rules, or steps in the semiconductor sector, or the production incentive schemes in various sectors, or the rise of ease of doing business", he told the 25th edition of Asia's largest technology event.
India has many excellent factors coming together, PM Modi noted.
"Your investment and our innovation can do wonders. Your trust and our tech talent can make things happen. I invite you all to work with us as we lead the world in solving its problems."
