'Industry 4.0 Has The Ability To Transform Indian Lives,' Says PM Narendra Modi

Indian Prime Minister Narendra Modi on Thursday said that artificial intelligence, machine learning and internet of things and all the other components of Industry 4.0 will have the ability to transform for the present and future of human life. PM Modi was speaking at the launch of the Centre for the Fourth Industrial Revolution — the fourth in the world after San Francisco, Tokyo and Beijing. "Emerging fields, including artificial intelligence, machine learning, internet of things, the blockchain, and big data, can take India to new heights of development, and improve the quality of life of its citizens... For India, this is not just an industrial transformation, but a social transformation," said PM Modi. The World Economic Forum is setting up a Centre for the Fourth Industrial Revolution in Maharashtra. The other centres are in San Francisco, US, Japan and China. AI, blockchain and drones are the first three projects slated for the centre in India. WEF will work in collaboration with the NITI Aayog, business leaders, academia and startups for these projects. PM Modi said that Industry 4.0 has the strength to drive irreversible positive change in India and that it would bring the required speed and scale to work being done in India. Through a series of events and speeches from earlier this year, PM Modi is seen to have been deliberately showcasing India as well as his government as technologically forward. Industry insiders are happy to see that the Modi-led NDA government is working towards supporting a tech-driven future.