Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh has said that over the last three years, the Government led by the Prime Minister Shri Narendra Modi has taken several decisions to “ease doing of business”. As a result, India has begun to attract investors from all over, who are willing to set up ventures even in the hitherto lesser preferred regions like the North-Eastern part of the country. In other words, Dr Jitendra Singh said India, including the Northeast, is fast emerging as a preferred destination for business and entrepreneurship.
Speaking at a “Luncheon Round-table” meeting on the topic “Sustainable Production through Fourth Industrial Revolution Innovations” in Davos, Switzerland, yesterday, Dr Jitendra Singh allayed the fears expressed by some of the participants about excessive regulatory controls exercised by certain governments across the world and said, that in the last over three years, the Government of India has made a conscious effort to bring in ease of business through relaxation of avoidable regulations. He said, within a short span of 3 to 4 years, the Government has done away with nearly 1,500 such rules and regulations which had become obsolete and irrelevant in this age.
Dr Jitendra Singh said he expressed his views on the use of Artificial Intelligence (AI) and Robots to promote production and business in the times to come. At the same time, these technological advances can prove to be an asset by contributing to sustainable development. The challenge, however, would be to ensure that human intelligence does not become a slave of artificial intelligence. He said since this is the first generation faced with this new phenomenon, it might take another one or two generations to evolve a mechanism of healthy synergy between Human Intelligence and Artificial Intelligence. He said the ideal situation would be when humans and artificial components supplement each other’s resources to accomplish Fourth Industrial Revolution Innovations.
Dr Jitendra Singh said that while the international markers indicate that 2020 will be a milestone for evaluating progress towards the 2030 agenda, in India, an important milestone would be 2022, the year that marks the completion of 75 years of independence. Several of the Government’s recent initiatives have been targeted to meet their endpoint by 2022, following which the further journey would be to boost competitiveness and aim at targets beyond.
Dr Jitendra Singh also referred to the steps taken recently by India to resort to alternative sources of energy with the twin objectives of meeting India’s growing energy needs and, at the same time, taking cognizance of environmental factors. In this regard, he said, when, for example, over 50% of global Greenhouse Gas emissions result from the cradle-to-factory journey of goods, India has already geared itself to astounding levels of innovation in all spheres.
Dr Jitendra Singh also referred to new opportunities for public-private collaboration being facilitated by the Government with the least intimidation or interference from the Government. He added that this would also serve as an incentive for small and medium enterprises to stay relevant in future scenario changes. Source: Press Release Release ID: 1517865 PIB Delhi Ministry of Personnel, Public Grievances & Pensions Date: January 25, 2018
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