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.
Sentiment: NEGATIVE
It's a mistake to believe technology rests outside India. We compete very successfully.
It's much easier for a middle class Indian entrepreneur to start up a computer company than it is for an Indian company to build roads and transportation systems suitable for a population that is getting wealthier and demanding more basic services.
We have promised to support India in its international aspiration. We have agreed to set up a working group on technology.
Indians have very good engineering capabilities, and that is why, if an industry focuses on innovation, you will have a far greater chance of success, rather than the model which is based on just being a production machine.
India has long been an exporter of talent to tech companies... But it is India that's now undergoing its own revolution.
My view is make Indian manufacturing competitive, and if it is competitive, it can serve customers or consumers anywhere.
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.
If anybody was to look towards a big source of demand in future, it would be hard for them to miss India.
So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services.
And our big theme has been, you have made so much progress, we urge you on with the openings and market openings that have occurred. They clearly work and continuing on that path will produce further growth and further opportunities for the Indian people.