India to leap frog into global supply chain

The New Industrial Policy will align India with the emerging technologies of drones, artificial intelligence and block chain.

Stating this, Commerce and Industry Minister Suresh Prabhu said the policy is in sync with the challenges and opportunities for India with the fourth industrial revolution technologies and will place the country firmly in the global supply and value chains.

Elaborating, Prabhu pointed out that the fourth Industrial revolution is driven by digital technology and India is on track to adopt digital technology in every aspect of governance.

This will help the country to leap frog into the global supply chain, he added.

He was speaking at the launch of the Centre for the Fourth Industrial Revolution, India, by the Geneva-based World Economic Forum (WEF) on 12 Oct 2018 in New Delhi.

The WEF is setting up a Centre for the Fourth Industrial Revolution in Maharashtra.

The other centres are in San Francisco, Japan and China.

Artificial intelligence, block chain and drones are the first three projects of the centre in India.

WEF will work in collaboration with the National Institution for Transforming India (NITI Aayog), business leaders, academia and start-ups in these projects. fiinews.com