US IT giants hail Indian Prime Minister Narendra Modi's 'Digital India' and other IT related initiatives, Qualcomm sets aside $ 150 million investment for startups, Microsoft offers to provide low-cost broadband to 500,000 Indian villages, while Cisco calls for removing hrudles in doing business.
As a confidence booster measure to start-ups in India, under the Digital India Initiative, US-based Qualcomm has said that it will invest $ 150 million for Indian start-ups. Qualcomm executive chairman, Paul E Jacobs, was quoted as saying "We share Prime Minister Narendra Modi's vision to transform India into a digital empowered society and knowledge economy.” The tech giant has been investing in promising Indian start up since 2007 and there are more than 20 Indian companies as part of its global portfolio, the report added.
Microsoft expressed its willingness to partner India in its 'Digital India' initiative, by proposing to offer low-cost broadband technology to some five lakh villages across the country. "We believe that lost-cost broad band connectivity coupled with the scale of cloud computing intelligence that can be harnessed from data can help drive creativity, efficiency and productivity across governments and businesses of all sizes," the first Indian-American Microsoft CEO, Satya Nadella was quoted as saying by Economic Times news report.
While praising the Indian Prime Minister Narendra Modi for India's 'Digital India' initiative, the Cisco executive chairman, John Chambers said that the government needs to make it much easier to do business by removing all the hurdles for campaigns like 'Make in India' and 'Startup India' to succeed. Underlining his optimism on the Indian market, the most in the last 20 years, Chambers was quoted by CNN IBN as saying that "India is way ahead of counterparts in the world. You can see the Indian economy picking up..."