PM Modi addresses The Sydney Dialogue; calls upon all democratic nations to work together on crypto-currency

 

 

 

 

 

Prime Minister Narendra Modi  has  called upon all democratic nations to work together on crypto-currency and  ensure it does not end up in wrong hands, which can spoil our youth. Mr Modi said that as a democracy and digital leader, India is ready to work with partners for our shared prosperity and security.

Delivering his  the keynote address at the Sydney Dialogue  this morning, Mr Modi said that India’s digital revolution is rooted in country’s  democracy, demography and the scale of our economy. He added that it is powered by enterprise and innovation of country’s  youth. The Prime Minister said that the Digital Age is changing everything around us and it has redefined politics, economy and society. He said, it is raising new questions of sovereignty, governance, ethics, laws, rights, and security. He mentioned that it is reshaping international competition, power and leadership and  has ushered in a new era of opportunities for progress and prosperity. The Prime Minister said that technology  has already become a major instrument of global competition and key to shaping the future international order. Mr Modi added that technology  and data are becoming new weapons and the biggest strength of democracy is openness. He emphasised that at the same time, we should not allow a few vested interests to misuse this openness.

The Minister said that India is  turning the challenges of the past into an opportunity to take a leap into the future. He also highlighting the  five important transitions which are taking place in India. He said, the government is  building the world’s most extensive public information infrastructure. He said, over 1.3 billion Indians have a unique digital identity and we are  on our way to connect 6 lakh villages with broadband. He said, the government is  also building a National Digital Health Mission for affordable and universal healthcare for the people  and  ‘One Nation, One Card’ will deliver benefits to billions of workers anywhere in the country.

The Prime Minister said that India has the world’s 3rd largest and fastest-growing start-up eco-system as new unicorns are coming up every few weeks, providing solutions in health and education to national security. Mr Narendra Modi said that the greatest product of technology today is data and in India, the government has  created a robust framework of data protection, privacy and security and  at the same time, the government  uses data as a source of empowerment of people. He mentioned that India has offered  CoWin platform to the entire world free and made it open-source software. He said, India’s extensive experience with use of technology and policy for public good, inclusive development and social empowerment can be of great help to the developing world.

In his address, Mr Modi also said that  India is already a major centre for providing cyber security solutions and services to corporates around the world and  the government has   set up a task force with our industry to make India a global hub for cyber security.

The Sydney Dialogue is being held from 17 to 19 of this month. It is an initiative of the Australian Strategic Policy Institute.

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