As India entered the 5th year of its Digital India programme which was launched by Hon’ble Prime Minister Of India, Your Story Founder and CEO Shradha Sharma hosted a #DigitalTownhall for Indian entrepreneurs with Union Minister Ravi Shankar Prasad.
In this exclusive virtual event, the minister interacted with Tanuj Shori, Square Yards CEO, and with some of India’s leading entrepreneurs. During this interactive session, the Union Minister emphasized the significance of digital inclusion and how it was central to the government’s Digital India programme. He also explained that the Digital India programme was launched with the motive to empower Indians with the power of technology, bridge the digital divide, and to ensure digital inclusion.
While introducing himself Tanuj explained how Square Yards has grown tremendously over the last 10 years and its aim to establish itself as a Global Brand with its origin in India. He also shared the company’s plans to expand its roots in the western market and start operations in many more global cities in the near future.
During the session, while speaking about the adoption of technology in the real estate sector and the areas where technology can be adopted, Square Yards CEO, Tanuj Shori asked the minister about the digitization of land records and registration process in the value chain that are not completely digitized yet and how we are working towards achieving it- He said ‘’ digitization of land records has happened substantially in many states but the real issue is the proper national digitization of land record’’
He also mentioned that ‘’Indians attachment to their land is very overpowering especially the people from small towns. These people are still not certain or are unaware that digital transfer of land can be a flawless process with minimum chances of any fraud or property disputes. This is something we are still working on and to make real estate sector digital using artificial intelligence and satellite imagery’’
“The government is planning to invite “five global champions” to manufacture electronics in India and export them globally. The government is aiming for electronics manufacturing as it is difficult for the nation to survive without electronics, right from mobile handsets, smartphones, medical devices, consumer electronics, etc. In India, we have all the human resources and technology which is needed to focus on electronics manufacturing’’ the minister said
According to the minister, Aatmanirbhar Bharat does not mean India in isolation, it means a resurgent India. The kind of new eCommerce and digital payment startups that are growing in India, Indian companies had the “innate potential to become a component of the global world”.
India is a country where apps are heavily downloaded, but not uploaded. With the government’s decision to ban 59 Chinese mobile apps, he emphasized that Indian startups now have a golden opportunity to fill the vacuum for homegrown apps. India is aiming to create a digital economy of $1 trillion, powered by startups.
Furthermore, the minister also urged the budding entrepreneurs to invoke artificial intelligence (AI) and blockchain technologies to help reform sectors like healthcare and agriculture.
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Published Date: 2nd July 2020
