Artificial Intelligence (AI) is poised to revolutionize the Indian IT sector, propelling it to new heights in global services, asserted Prakash Jain, the Executive Chairman of Inspira Enterprise India Ltd, during his address at the Lokmat Global Economic Convention in Singapore on Thursday.
Jain emphasized that AI would constitute the most significant transformation within the Indian IT sector. He highlighted that the sector had exported services worth USD 270 billion the previous year, attributing this success to robust government backing for technological industries, which has streamlined business operations in India.
Speaking at a panel discussion titled “Taking India to the pinnacle of World economy – A Road Map,” Jain underscored India’s increasingly educated and skilled workforce, particularly in cutting-edge technologies. He emphasized that providing the right skills to people also unlocks numerous opportunities. Jain’s cyber security company, with offices in Mumbai, Delhi, Dubai (UAE), Dallas (US), and Manila (The Philippines), is engaged in big data analytics, AI, and cybersecurity.
Jain commended the rapid digitalization in India, citing advancements in technology and manufacturing that enabled tech giant Apple to export mobile phones worth Rs 1 trillion in the last 12 months. He projected a potential increase in Apple exports to Rs 5 trillion in the upcoming year, fueled by India’s semiconductor companies venturing into chip-based manufacturing for advanced technologies.
This story is from the March 29, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 29, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Chaudhrana Iron Traders in Prayagraj sees significant growth under Priyank Gupta
Chaudhrana Iron Traders Private Limited located at Prayagraj, operating under the brand name \"RP Gupta Loha Wale,\" announces exceptional business growth under the leadership of Priyank Kumar Gupta.
Alieus Hedge Fund raises USD 5 million in 30 days, breaking records after Dubai event
Alieus Hedge Fund has raised a remarkable USD 5 million within just 30 days of its launch on September 7, 2024, following an exceptionally successful event in Dubai. This rapid success has garnered a tremendous response from investors across the globe, particularly from countries such as India, the UK, Malaysia, Singapore, Mexico, and others. Once again breaking all previous records, the fund is disrupting the networking and investment industries in unprecedented ways.
Cabinet extends free fortified rice supply till 2028
The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved continuation of the universal supply of Fortified Rice under all government schemes including Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in its present form from July 2024 and upto December 2028.
PM MODI LAUNCHES PROJECTS WORTH RS7,600 CRORE IN MAHARASHTRA
PM Modi launched ₹7,600 crore worth of development projects in Maharashtra, focusing on infrastructure, airports, education, and skill development.
Sukhbir Singh Badal resumes politics, warns of protest over rejected Gidderbaha nominations
After a month-long hiatus, Shiromani Akali Dal (SAD) chief Sukhbir Singh Badal resumed political activity on Tuesday, joining a protest led by the party's district unit in Gidderbaha. The protest was triggered by the cancellation of nominations for nearly 25 sarpanch aspirants aligned with SAD in the Gidderbaha Assembly segment.
Four-year-old girl dies after being thrown from third floor following rape
A horrific crime has shaken the city of Ludhiana when a four-year-old girl was allegedly raped and then thrown from the third floor of a residential building, leading to her immediate death. The incident occurred in the Sherpur area's Fauji Colony, sending waves of shock and grief throughout the community.
DELHI HIGH COURT PASSES JOHN DOE ORDER TO PROTECT TRADEMARK OF MASTER CAPITAL SERVICES, ASKS META TO BLOCK WHATSAPP ACCOUNTS MISUSING MARK
The Delhi High Court in the case Master Capital Services Limited & Anr. vs. John Doe & Ors observed and has issued an ex-parte temporary injunction against unidentified individuals, wherein restraining them from using the trademark 'Master Trust', which is owned by Master Capital Services Limited.
SAD FILES 25 PETITIONS ALLEGING ELECTORAL MALPRACTICES IN PANCHAYAT ELECTIONS
Dr. Daljit S. Cheema Alerts SEC on Nomination Tampering, Calls for Observers and Booth Videography
Delhi High Court rejects woman's plea seeking FIR into daughter's death in 2013 over alleged political conspiracy involving Arvind Kejriwal
The Delhi High Court in the case Kalawati v. The State Govt Of NCT Of Delhi observed and has rejected the petition filed by a mother seeking registration of FIR into her daughter's death in 2013 which being pursuant to an alleged political conspiracy which involves former Chief Minister Arvind Kejriwal, Kumar Vishvas and other Aam Aadmi Party, AAP workers.
Gujarat High Court grants bail to BJP MLA's son booked under Atrocities Act
The Gujarat High Court in the case Jyotiradityasinh @ Ganesh Jayrajsinh Jadeja (Garasiya Darbar) & Ors. v/s State of Gujarat & Ors. observed and has granted regular bail to BJP MLA Geetaba Jadeja's son- Ganesh Jadeja, who is booked under the Atrocities Act, Arms Act and various provisions of the Indian Penal Code, IPC for abducting and assaulting a member of the Scheduled Caste community.
