Digital Economy Fast Catching Up in India

Chennai: Digital technology has brought in enormous changes in the life of the people across the world and India is fast catching up on that count, said Dr C Velan, Executive Director & Chief Executive
Officer, TRIL Infopark Ltd (Ramanujan IT City) while inaugurating the 3rd edition of FICCI’s DT3 Digital Disruption & Transformation Summit 2018 on the theme Automation and Digital Opportunities here on Thursday.

Stating that digital disruption is the need of the hour, he said it can help accelerate the country’s economic growth in so many ways in that all stakeholders have a greater say in the use of digital
technology to its fullest extent.

Velan said that the realty sector had gained a lot after the use of digital technology which was not so some 10 years ago as the sector was disorganised at that point in time.

Calling for skill development even while using the digital technology, he said the country’s infrastructure development depended heavily on automation and other technological innovations happening from time to time.

In his theme address, Rajaram Venkataraman, Convenor, Technology Panel, FICCI TNSC & CEO, Veltech TBI and founder of Naviyainsights said that automation has taken over the physical and virtual worlds adding new value to human life in all possible ways.

He said that digital workforce has huge opportunities and India is all set to become the automation capital of the world and the time has come for us to reinvent our strategies to achieve that goal.

K Dinesh, Co-founder, Infosys, in his keynote address, said that digital technology has the power to change the future as the world is moving from information age to intuition age.

He said the technology has made the world flat and it is also very pervasive in nature in that there is a possibility of using the technology to edit human genes also.

He also said that digital technology has made things possible for creation of more jobs, mostly skilled ones in various domains and industries, both in India and abroad.

Recalling his association with Infosys as one of its founders, he said that the foresight and wisdom the founders had at the time of the IT company’s launch had paid rich dividends over a period of time.
Sara Greengrass, Political/Economic Adviser, US Consulate, Chennai, said that the US and India always worked towards shaping the 21st century, all for the betterment of the people of both the nations, in
the field of science and technology.

“Both nations have lots of stakes in various aspects of technology, including areas concerning clean energy, agriculture, pollution control and space technology, to name a few,” she said and added,
“The US has enormous stake in India's economic growth with investment opportunities in various fields of business.”

Ar Rm Arun, Chairman, FICCI Tamil Nadu State Council & Chairman, Valingro Group, said the space organisation ISRO has made things possible for taking internet connectivity to remote villages in the country as also the inflight connectivity, all because of the country embracing new technologies available in various areas.

He also said Amazon and Ali Baba have exploited the e-commerce business to their advantage and have become market leaders. He noted that e-commerce business has a large market share in India
and the time has come for the country to leverage on it.

Ruban Hobday, Head, FICCI Tamil Nadu State Council, gave an overall view of the summit and the three sessions revolving around the topics–Automation Technology and Trends, Digital Relevance and Impact
Across Industries and Automation/Digital/ Reskilling/Opportunities/Startups. 

About FICCI:
FICCI was established in 1927, FICCI is the largest and oldest apex business organisation which is closely interwoven with India’s struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies. FICCI has contributed to this historical process by encouraging debate, articulating the private sector’s views and influencing policy.

A non-government, not-for-profit organisation, FICCI is the voice of India’s business and industry.
FICCI draws its membership from the corporate sector, both private and public, including SMEs and
MNCs; FICCI enjoys an indirect membership of over 2,50,000 companies from various regional chambers of commerce. FICCI provides a platform for sector specific consensus building and networking and as the first port of call for Indian industry and the international business community.

Our Vision
To be the thought leader for industry, its voice for policy change and its guardian for effective
implementation.
Our Mission

  • To carry forward our initiatives in support of rapid, inclusive and sustainable growth that
    encompass health, education, livelihood, governance and skill development.
  • To enhance efficiency and global competitiveness of Indian industry and to expand business
    opportunities both in domestic and foreign markets through a range of specialised services and
    global linkages.