President of Prose Technologies, Arshad Fakhri on tech advancements in India
Delhi: Arshad Fakhri, President of Prose Technologies, says, India has become the centre for technology right now. With the current geopolitical situation, the focus of the Western world is shifting toward products made outside of China. The next best origin for supplying technology products, with a large manufacturing base, is India.
#IndiaTechHub #GeopoliticsAndTech #MadeInIndia #TechShift #ManufacturingInIndia
#IndiaTechHub #GeopoliticsAndTech #MadeInIndia #TechShift #ManufacturingInIndia
Category
ЁЯЧЮ
NewsTranscript
00:00India has become the center for technology right now.
00:05Now with the current geopolitical situation,
00:08the focus of the Western world is shifting towards
00:12products which are made out of China.
00:17And the next best origin, next best place for supplying products,
00:24technology products, having a large manufacturing base is India.
00:28So, I mean the benefit of India being in the right time zone,
00:33the benefit of India being on the top of the technology landscape,
00:38it is helping.
00:39Now in the last few years,
00:41as Prime Minister mentioned this morning also,
00:44in the last few years the country has taken,
00:47has grown leaps and bound into this technology.
00:50So we were late to come into it,
00:52but once we entered into the telecom world,
00:57we have actually gone faster than most of the other parts of the world,
01:02from going from 2G to 3G to 4G,
01:05and we were the first and the fastest ones to launch 5G.
01:09And while the world is still adopting 5G,
01:12we are already talking about 6G.
01:14And as the Minister also mentioned this morning, Mr. Jyotiradi Sindhia,
01:17that we want to be the leaders in developing the 6G technology.
01:22So I think the current situation, geopolitical situation,
01:26and the way India has positioned itself,
01:29we are very well placed to not only benefit from this technology revolution,
01:36but also support the world in coping up with all the requirements from technological products.
01:42There is a, this year the focus is more on,
01:46there is a focus, high focus on getting the semiconductors also manufactured in India.
01:52So we are investing hugely.
01:55So it's going really, really well right now for India.
01:59Absolutely wonderful.
02:00In fact, some of the foreign dignitaries who were here,
02:03I think some heads of states who were here,
02:05they were astonished to see the UPI payments being made even on the roadside stalls.
02:10So you go and buy a 10 rupee tea or a fruit vendor,
02:17and you buy something for even 10 rupee,
02:19and the guy is having a facility to do UPI payment.
02:23I mean, it's absolutely a revolution.
02:25Even, I mean, we never thought that it will be adopted so fast.
02:29So today, change is not an issue.
02:31If you remember some time back,
02:33you're going with a bigger note,
02:34and you want to spend 20 rupees,
02:35you have a 500 rupee note,
02:36there is a problem.
02:37But now you carry your phone,
02:39and you don't have to carry anything.
02:40Do the digital payment.
02:41It's quick and fast.
02:43And similarly, transferring the money to your close,
02:47to your kids who are living in another city or another country,
02:52it's a matter of a few seconds.
02:55So this is a big enabler.
02:57Actually, this payment system,
02:58the digital payment system is a huge enabler.
03:00And everybody is benefiting,
03:02right from a smallest fruit vendor to the biggest industrialist.
03:06This is really helping out.
03:08India will have a very big role to play.
03:11You heard the telecom minister say this in 6G.
03:15Although I would be slightly more guarded in saying where we are with 6G,
03:20because even the 5G adoption is still happening.
03:23See, the network has been laid out.
03:25So you heard this morning,
03:28more than 350,000 sites have been installed by Reliance and Airtel.
03:34But monetization is still not happening.
03:35The use cases are still not there for 5G.
03:39So first of all, the monetization will happen.
03:41The operators need to recover their money.
03:43But side by side, the development of 6G will continue.
03:47So it's still very early to say.
03:50But India is taking the right steps.
03:52I mean, we are positioning ourselves very well to be a partner,
03:56not only the user of the technology,
03:58the partner in developing the technology.
04:01So that is what is good about the way the country has progressed in the technology field.