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Build institutions that will outlive this century: PM Modi to startups Urges them to look beyond valuations and exits, and create world-class products in order to become globally competitive in the field of technology
When the chips were down, your code kept things running,” said Prime Minister Narendra Modi, lauding India’s information technology (IT) industry on Wednesday. The resilience displayed by the tech industry amidst the ongoing global crisis was a shining example of “New India,” Modi said, while addressing the opening session of the three-day National Association of Software and Service Companies (Nasscom) Technology & Leadership Forum (NTLF) 2021. “When the whole world was restricted to the four
walls of their homes, our IT sector ran their projects with the same commitment and dedication,” he said. Modi, who addressed the industry leaders virtually at the 29th edition of NTLF, also said that while the Indian IT industry had spread its footprints globally long ago, a digital divide continued to exist in the vast domestic market. Calling upon the industry to go deeper into the districts and towns to bridge this divide, he said the IT sector should also look at building technology solutions proactively, especially in areas such as agriculture, health and wellness, telemedicine, education, and skilling. The Prime Minister also had a message for Indian start-up founders. “Do not limit yourself to only valuations and exit strategies,” he said. “Think how you can create institutions that will outlive this century. Think how you can create world-class products that will stand the global benchmark of excellence.” He added that there can be no compromise on these goals, because “without them we will always be a follower and not a global leader”...Read More