Bengaluru, Nov 16 (KNN) Prime Minister Narendra Modi on Wednesday appealed global and domestic investors to explore opportunities in the technology and innovations of India.

Addressing the Bengaluru Tech summit via video message he said that India’s Innovative youth has ensured tech and talent globalisation.

He said in India, technology is a force of equality and empowerment.

The PM called Bengaluru the home of technology and thought leadership, an inclusive and innovative city and said for many years, Bengaluru has been number one in India's Innovation Index.

India's technology and innovation have already impressed the world, however he emphasized that the future will be much bigger than the present because of India’s Innovative youth, and increasing tech access.

PM Modi informed that India jumped to the 40th rank in the Global Innovation Index from 81st rank in 2015 this year. 

The number of unicorn startups in India has doubled since 2021, as India emerges as the third largest start with 81000 recognized startups.

Elaborating on the increasing tech access for Indian youth, he talked about the mobile and data revolution that is taking place in the country. In the last 8 years, Broadband connections rose from 60 million to 810 million. Smartphone users went from 150 million to 750 million.

“Whether it is FDI reforms, or liberalisation of drone rules, steps in the semi-conductor sector, the production incentive schemes in various sectors, or the rise of ease of doing business, India has many excellent factors coming together,” he said.  (KNN Bureau)