Innovation is the “buzz-word” of the 21st century and any society which does not innovate will stagnate, Prime Minister Narendra Modi said here on Saturday.
He said innovations, along with enterprise, shall be the foundation for making India a developed economy and pave the way for a long-term sustainable, technology-led economic growth of the country.
Modi was addressing the 56th annual convocation of the Indian Institute of Technology, Bombay (IIT-B) during its ongoing Diamond Jubilee celebrations here.
The Prime Minister pointed out that India is now looked upon as a nursery of unicorn start-ups (worth more than a billion dollars), for which one of the biggest source of talent in this revolution are the IITs in the country.
“That India is emerging as the hub for start-ups shows the thirst for innovations… We must make India as the most attractive destination for innovations and enterprise,” Modi added. Read More
Latest posts by The Economic Times (see all)
- Piyush Goyal, Vijay Rupani to dedicate India’s first railway university to nation tomorrow - December 14, 2018
- Piyush Goyal criticises ‘sudden changes’ to PCA framework - December 14, 2018
- State awards 80 MW solar project to Tepsol - December 13, 2018