India is now an attractive hub for foreign investments in the manufacturing sector, said Union Ministers Jitendra.
“With the help of Make in India drive, India is becoming the hub for hi-tech manufacturing as global giants have either set up or are in process of setting up manufacturing plants in India. The global giants are attracted by India’s market of more than a billion consumers and an increasing purchasing power,” the minister said, while delivering the inaugural address at the 28th edition of DST-CII India-Singapore Technology Summit,
With emerging technologies like block chain, nano technology, quantum computing, internet of things, artificial intelligence, the country aspires to in the league of top 25 innovation nations, he further said.
India is on a continuous rising trajectory of innovation and with emerging technologies.
The minister highlighted that the country is placed 3rd among countries in scientific publication as per NSF database and has been featured within the top 50 innovative economies globally (at 46th rank), as per Global Innovation Index (GII).