India: MIT Roundtable Unites Global CEOs and Prime Minister Modi to Discuss Emerging Tech
Sept. 23, 2024 -- Indian Prime Minister Shri Narendra Modi met with technology industry leaders in New York at a Roundtable discussion anchored by the Massachusetts Institute of Technology (MIT) School of Engineering. The tech-roundtable focused on artificial intelligence (AI) and quantum technologies; biotechnology and life sciences; computing, IT and communication; and semiconductor technologies.
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The CEOs participated in a deep dive with Prime Minister Modi on the evolving technology landscape at a global level and how these cutting-edge technologies are contributing to the well-being of people around the world, including in India. They touched upon how technology is being leveraged for innovations which have the potential to advance both the global economy and human development in general.
Prime Minister Modi appreciated the efforts of the MIT School of Engineering and its dean for bringing the technology leaders together. He noted that technology collaboration and efforts such as the Initiative on Critical and Emerging Technologies (ICET) lie at the core of the India-US Comprehensive Global Strategic Partnership.
The prime minister also stressed that in his third term India will make every effort to become the third largest economy in the world. He encouraged the companies to take advantage of India’s growth story for collaboration and innovation. They can co-develop, co-design, and co-produce in India for the world, harnessing the opportunities from India’s economic and technological growth. He assured the business leaders of India’s deep commitment to protection of intellectual property and to fostering innovation.
Prime Minister Modi further highlighted the economic transformation happening in India, particularly in electronics and information technology manufacturing, semiconductors, biotech and green development. He stated that his government was committed to making India a global hub of semiconductor manufacturing. He also discussed India’s BIO E3 policy to develop India into a biotech powerhouse. On AI, he noted that India’s policy is to promote AI for All, underpinned by its ethical and responsible use.
The CEOs expressed their strong interest in investing and collaborating with India. India's growing prominence as a global technology hub, driven by its innovation-friendly policies and flourishing market opportunities, got much appreciation from the tech-leaders. They also agreed that investing in startups would be a synergistic opportunity to innovate and develop newer technologies in India.
MIT Professor Anantha Chandrakasan, Chief Innovation and Strategy Officer at the Institute and Dean of the MIT School of Engineering, who chaired the roundtable, thanked the prime minister and CEOs for their participation, affirming MIT’s commitment to advancing technology and making it accessible for global good.
The CEOs who attended the Roundtable were Julie Sweet, CEO Accenture; Shantanu Narayen, Chairman, President, and CEO, Adobe; Lisa Su, CEO, AMD; Chris Viehbacher, CEO, Biogen Inc.; Chris Boerner, CEO, Bristol Myers Squibb; David A. Ricks, CEO, Eli Lilly; Sundar Pichai, CEO, Google; Enrique Lores, CEO & President, HP Inc.; Arvind Krishna, CEO, IBM; Tim Archer, CEO, LAM Research; Noubar Afeyan, Chairman, Moderna; Hans Vestberg, Chairman and CEO, Verizon; Thomas Caulfield, CEO, Globalfoundries; Jensen Huang, Founder, President and CEO; NVIDIA; and Martin Schroeter, CEO, Kyndryl.
Source: Ministry of External Affairs, Government of India
