Rural Economy Development Will Make India a World Leader: NITI Aayog

“Futuristic technologies like 5G, AI and robotics will help realize the country’s dream of becoming a global leader at a much faster pace,” he says

“Futuristic technologies like 5G, AI and robotics will help realize the country’s dream of becoming a global leader at a much faster pace,” he says

India has the potential to become a global leader by unlocking the full potential of its rural economy, said Rajiv Kumar, vice chairman of NITI Aayog.

“Futuristic technologies like 5G, AI and robotics will help realize the country’s dream of becoming a global leader much faster,” he said while speaking virtually at the ARTPARK Innovation Summit 2022, hosted by the AI ​​& Robotics Technology Park (ARTPARK), a municipal non-profit foundation funded by IISc and supported by AI Foundry on Monday.

“We are already working with ARTPARK as part of our NITI Atal Innovation Mission, supporting innovative startups that are solving the critical problem of connecting rural areas and enabling inclusive healthcare and education,” added Mr. Kumar.

Earlier, CN Ashwath Narayan, Karnataka’s Minister of Information Technology, Biotechnology, Science and Technology and Higher Education, said at the opening of the day-long summit that the ARTPARK initiative would help the country’s youth outside of urban India, not just access the digital opportunities of the next generation, but also acquire the skills they need to thrive in an AI-driven future.

“How we bring the fruits of AI and robotics technology to Bharat to create the next wave of jobs after the IT and BPO wave is a critical question,” the minister said.

S. Chandrasekhar, Secretary of the Ministry of Science and Technology, said: “Digital and physical connectivity innovations are critical to India’s growth and Atmanirbhar’s vision. By bringing industry, academia and government together in an open innovation network, the Ministry of Science and Technology’s NM-ICPS mission seeks a new way to accelerate innovation that is critical and strategic to India’s future prosperity.”

Prof. Rangarajan, Director, IISc, Chair BOD ARTPARK said: ARTPARK was created to use technology, especially AI and robotics, for the benefit of the country.

“I’m excited to see that we’re trying to use technology to connect the unconnected in diverse fields like education and healthcare. The IISc is at the forefront of research in frontier technologies such as 5G and UAVs, and ARTPARK uses this expertise to create a better India for tomorrow,” he added.

Commenting on the potential impact of innovation on the economy, Umakant Soni, CEO of ARTPARK said: “At ARTPARK we harness the power of AI and robotics to reshape all areas of human endeavour: in particular next-generation mobility, education, employment, and the creation of smart, sustainable villages.”

According to PwC Research, AI-driven innovation has the potential to create $15.7 trillion in economic value globally.

In addition, an ARTPARK Innovation Lab was inaugurated on the IISc campus. The lab would be used by innovators to develop critical pieces of technology needed to run Atmanirbhar Bharat.

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