India has potential to lead fourth industrial revolution, says PM Modi
The Hindu
PM Modi added that the industry and entrepreneurs play a key role in making India a vital link in global value chains.
Prime Minister Narendra Modi on October 7, 2022 said India has the potential to lead the fourth industrial revolution and the government has worked on reforms to make the country a manufacturing hub of the world.
He said that the fourth industrial revolution is as much about new technology, as it is about innovative thinking.
"Due to various factors, India may have missed being a part of earlier industrial revolutions. But India has the potential to lead Industry 4.0, because, for the first time in recent history, we have many different factors like demography, demand and decisive governance coming together," he said through a message.
The Prime Minister's message was read by a Joint secretary of the Ministry of Heavy Industries at the conference on Industry 4.0.
Mr. Modi added that the industry and entrepreneurs play a key role in making India a vital link in global value chains.
"We have worked on reforms and incentives to make India a tech-powered manufacturing hub of the world," he added.
Speaking at the event, Heavy Industries Minister Mahendra Nath Pandey said that the government is taking a series of steps to boost manufacturing through industrial revolution 4.0.
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