Digital dinner or FB Townhall: Are these at all helping India to progress ?

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Kousik Das, E-MBA 2015-18, Vinod Gupta School of Management, IIT Kharagpur

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Our prime minister is going to visit Ireland and US from 23rd to 29th September. He will address the UN General Assembly. He will also visit Google headquarters in the Silicon Valley, California and address an Indian-American community reception there on 27th. A PTI report said the registrations for the event, may cross fifty thousands. But the question is : why this visit is creating a lot of buzz ?

We can analyze that, concentrating on three prime factors.

A) Digital India

B) The amazing line-up of CEOs

C) Boost for entrepreneurship

 

A) Digital India

As a part of digital strategy to push his ‘Digital India’ dream to the next step, Modi’s primary agenda is to seek support from the global majors. Main vision for this project is to connect various government departments, services and the country’s people through high speed internet. Information Technology is the backbone of this development agenda. Modi needs silicon valley’s support for this.

However, not everybody is happy either with this visit or with Digital India project. They have raised “concerns about the uncritical fanfare being generated”. They have also criticized the project by highlighting lack of safeguards about privacy of information, and its potential for abuse.

B) The amazing line-up of CEOs

According to a report in The Economic Times on 16th September, Sundar Pichai of Google and Satya Nadella of Microsoft are likely to make presentations at a digital-themed dinner. Facebook CEO Marck Zuckerberg will also share a townhall Q&A session at FB headquarter. Tesla, Cisco CEOs are also interested to meet Modi during his visit.

As Firstpost reported , Zuckerberg said ,”Prime Minister Modi and I will discuss how communities can work together to address social and economic challenges.”

Apart from the CEOs Nobel laureate Michael Levitt has also expressed his interest to meet our prime minister. He has identified Modi as expert of selecting problems .He has also praised Modi of having inquisitive mind and intuition which is the first step of solving a problem.

These kind of exposures of big corporates and Nobel laureates can give birth to innovative ideas to solve many burning problems of our country.

C) Boost for entrepreneurship

His visit is a big boost to the Indian entrepreneurs which are the major contributor to our unemployment problem. This visit is happening when our country is witnessing a big boom in entrepreneurship. According to the report published in the Firstpost, considering a 2014 estimate, India houses about 3,100 startups. This is expected to grow to 11,500 by 2020.

Data from VCCEdge, the financial research platform of VCCircle.com, show that fund flow into startups based in six cities increased 693.53 percent during 2011-2015 (until August) to Rs 665 crore.

Silicon Valley can give a positive jerk to the Indian startup ecosystem which can intern help Modi to fulfill one of his poll promises of employment generation.

Quoting the above report of Firstpost , according to US Ambassador to India, Richard Verma, the visit will provide an opportunity to explore new technology that would help India in development of Smart Cities and other infrastructure facility.

Wishing Modi a happy and fruitful Journey in advance.

 

Reference:

  1. http://www.firstpost.com/business/from-digital-dinner-to-fb-townhall-heres-why-modis-silicon-valley-visit-is-creating-a-buzz-2435742.html

 

  1. http://economictimes.indiatimes.com/news/politics-and-nation/with-many-tech-based-presentations-lined-up-for-him-pm-narendra-modi-needs-to-brush-up-on-tech-terms/articleshow/48979865.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

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