The Chairman of Tata Sons, Natarajan Chandrasekaran said on Friday, that with a global major shift in the geopolitical situation, India has a chance to come as a world leader in technology.
Chandrasekaran pointed out the fact that China was able to grow its economy six times between 2000 to 2010 by focusing on manufacturing and partnership with the United States.
He added that in the current geopolitical context, India has an unrivalled opportunity to make steps in the world of tech because of the availability of its human capital and domestic market.
Chandrasekaran said that the nation needs the right leadership and to make the right investments to achieve its full potential.
Natarajan said while addressing the e-graduation ceremony of the Indian School of Business (ISB), "I think if we seize this opportunity, we can become a world leader in technology. "
He says that the people of this nation have already proven that is possible in the field of IT services but now they can focus on hi-tech manufacturing, 5G, Artificial Intelligence, robotics, data analytics and a range of new areas which can be powered by R&D and investment in intellectual property ownership.
He pointed out that different variants of coronavirus and the vaccination rate will be key in determining the extent of the opening up of India in the coming days.
Chandrasekaran said that advanced nations have vaccinated 60 per cent of their population with a single dose, whereas developing nations have achieved less than 30 percent.
He says "In India, we still have a long way to go. We have given single dose vaccination to one-fourth of our population…,” adding to which he said that at the current vaccination rate against COVID-19 he expects country to vaccinate 60 per cent of the population by the end of this year and 90 per cent by the middle of the next year.
At the 20th graduation ceremony in ISB, 692 students from Fellow Programme in Management and founding class of Executive Fellow Programme in Management had graduated.