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Govt open to FDI and technology: IT Minister

Addressing a webinar, IT Minister Shri Ravi Shankar Prasad said that though the country strives to be self-reliant, it is open to foreign direct investment and technology. He also observed that this self-reliant India translates to being a bigger and more important part of the global economy.

He clarified that the Prime Minister Shri Narendra Modi’s call for “atmanirbharta,” doesn’t mean India will isolate itself from the world. In a bid to instill self-reliance into the economy &  boost the local production, PM Modi had announced an INR 20 Lakh relief package and termed it ‘Atmanirbhar Bharat Abhiyaan’. 

Prasad also opined that there is a need to harness new age technologies to step up the fight against eradicating covid-19. “This world will not remain the same as it was until now. Your life habits and your approach to life is going to change. In this light, do we need to reflect on the application of AI in a completely different way?,” the minister stated.

At the same time, he acknowledged the fact that AI poses challenges in the areas of privacy and ethics and said that the  the government is working on personal data protection legislation.