Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 3.9
Article rating: 5.0
Article rating: 4.0
Article rating: 4.5
Article rating: 3.8
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Make ’Artificial Intelligence’ work for India: PM

Author: IANS/Monday, February 19, 2018/Categories: Technology

Make ’Artificial Intelligence’ work for India: PM

Mumbai - Prime Minister Narendra Modi said that with Artificial Intelligence (AI), bots and robots, productivity will increase, but warned of rising apprehensions of 'human redundancy' as the mind and machines would compete directly.

For avoiding this scenario, he urged that AI should be Made in India and Made to Work for India and asked the students and teachers to identify the grand challenges facing the country that can be resolved by applications of AI.

Modi made it clear that "the march of technology cannot be at the expense of further increasing the difference between societies over access to technology".

"The evolution of technology has to be rooted in the ethic of 'Sabka Saath, Sabka Vikaas'. Technology opens entirely new spheres and sectors for growth, and entirely new paradigms for more opportunities.

"The road ahead for AI depends on and will be driven by Human Intentions'. It is our intention that will determine the outcomes of artificial intelligence," Modi said after inaugurating the Wadhwani Institute of Artificial Intelligence at the University of Mumbai's Kalina Campus here.

"Can AI help us predict natural calamities? Can it help us detect serious health conditions before they manifest physically? Can AI help our farmers make the righ decisions regarding weather, crop and sowing cycles," he asked the gathering of students and teachers.

Modi sought to know whether the combination of teachers and AI would help bridge the gaps in the teacher-student ratio, which in turn can help deliver quality eduation to every student in India, or take quality healthcare to every corner of the country by expanding capacities of healthcare workers.

He said the government is of the firm belief that this power of the 21st century technology, AI, can be utilized to eradicate poverty and disease, and by doing so, prosperity can be brought to the poor and underprivileged sections.

In another event, Prime Minister Narendra Modi reiterated that India aspires to, and is moving towards, a $5 trillion economy over the next few years with sustained, comprehensive and holistic development.

Inaugurating the first mega global investors summit, "Magnetic Maharashtra: Convergence 2018" here, he said the country is on the firm path of development simultaneously with the development of the states.

"We are working towards becoming a member of the Five Trillion Dollar club," Modi said.

He also said Maharashtra would become the first state in India to become a Trillion Dollar economy in the next few years, while addressing a gathering of over 200 captains of Indian and global companies at Bandra Kurla Complex here.

Modi noted his government has taken a slew of steps to ensure all-round development of India with an ecosystem omprising a development-friendly, investor-friendly governance with minimal governmental interference.

Indian states are now policy-driven, governance is performance-driven with full accountability, a transparent ecosystem, various norms are being eased, the government is changing laws where needed, and scrapped more than 1,400 old or outdated laws, and for new or modified laws, care is being taken to ensure they are simplified, he said.

In recent years, various states of India have also competing among themselves to attract maximum foreign investments as per their needs and requirements, including Assam, he said.

On Maharashtra, Modi said during the past three years, this state has initiated unprecedented measures to lure foreign investors on all fronts, led by Chief Minister Devendra Fadnavis.

"The state's reforms have transformed business, huge improvements in its rating in Ease of Doing Business, changed the work culture, problems are being resolved in a timebound manner, debottle-necking has been achieved with inter-departmental cooperation, all of which have reflected on its development," he said.

He added that last year Maharashtra led other states on various parameters in infrastructure development rankings, it got 51 percent of all FDI in India, during the Make In India initiative of February 2016, it secured more than Rs 400,000 crore investments and work on half of them is underway.

Besides, the state has initiated mega-infrastructure projects like Navi Mumbai International Airport, Mumbai Trans Harbour Link, 350 km of Metro Rail and similar Metro Rail in other cities like Pune and Nagpur, taking up the 700 km Mumbai-Nagpur Communication Expressway, etc, which will create between two to two-and-half million jobs and give a fillip to rural development.

Modi also cited the various measures and budgetary provisions to construct roads, bridges, metro rails and airports across the country, to help realize "the aspirations of the people" and fulfill the vision of a 'New India'.

Reliance Industries Chairman Mukesh Ambani said Mumbai is both his 'janmabhoomi' (birthplace) and his own 'karmabhoomi' (are of action) where the start-up company was established by his father, the late visionary Dhirubhai Ambani with a seed capital of Rs 1,000 and one employee.

"Today, Reliance employs over 350,000 people. It's the largest 'wealth-creator for India'. Reliance always invests in India's Big Dreams in building businesses of the future with Indian talent and Indian youth," he said in his address.

He said Mumbai is also home to Jio, the newest tech-startup in the Reliance family, and when the PM unveiled his vision for a Digital India, it also became Jio's own mission.

He announced that now Reliance will take the Jio Movement forward with an even more ambitious new initiative for New India and New Maharashtra, by setting up the country's first-ever 'Integrated Industrial Development Area' for the Fourth Industrial Revolution in Maharashtra.

Print Rate this article:
No rating

Number of views (182)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free