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We have seven pillars of development. India has a cutting edge information technology industry. We are setting up a technology park. We would like to see technology penetration iin education. Besides, we would like to see cooperation in industries like fashion, filmmaking, ship-building, education, health and energy.

As the Indian government has embraced greater economic openness, the creativity and expertise of the Indian workforce has been unleashed onto the world economic stage.

I am sick and tired of the process where everybody tells you that Indian companies don't have the technology and capability. We need to put money where our mouth is and make things happen, and that is what we are trying to do.

India has to be transformed into a developed nation, a prosperous nation and a healthy nation, with a value system.

India has the capability to create a fairly extensive defence manufacturing capability in many areas, and as a country and as an industry, we have matured in terms of technology and capability to make this happen.

India is known for its sobriety and wisdom, balanced and sensible thinking. We need strong institutions and we need good governance in the country.

We have promised to support India in its international aspiration. We have agreed to set up a working group on technology.

The success of the young entrepreneur will be the key to India's transformation in the new millennium.

As a traditionally risk-averse nation, India has rarely been at the forefront of innovation. Indian companies have mostly imitated others and became very good at it.

Along with opportunities, there also exist many other tricky and complex issues to be managed in India. These include tackling both policy-level challenges and infrastructure challenges.