Organized by US India Business Council (USIBC), the round table was attended by Union minister Ravi Shankar Prasad, senior executives of American and Indian companies.
Asserting that India is sitting on the cusp of a digital revolution, Union Minister Ravi Shankar Prasad has exhorted senior executives of leading American Information Technology (IT) firms to take advantage of the 'Digital India' initiative and tap the growth opportunities in the country.
"India is sitting on the cusp of a digital revolution," the Union Minister for Communications and IT, Ravi Shankar Prasad yesterday told executives of top American IT firms in a round table here.
"Whether it is big metropolitan cities or small towns, a well-connected India has the potential to not only usher in economic and welfare opportunities for its citizens, but also the global economic order," Mr Prasad, who is attending the annual India Conference at the prestigious Harvard University, said.
"Our government is taking every policy decision in a transparent, predictable and reasonable manner. Therefore, I encourage American businesses to take advantage of the Digital India program, and the growth opportunities in India," Mr Prasad said.
Organized by US India Business Council (USIBC), the round table was attended by senior executives of American and Indian companies that included Google, AT&T, MasterCard, Facebook, American Tower Corporation, UST Global and iTech.
Prime Minister Narendra Modi's directive to connect Indian diaspora across the country is a tremendous opportunity for both Indian and US companies alike, said USIBC president Mukesh Aghi.
"We encourage the development of policies that clear bureaucratic hurdles which may delay the implementation of achieving last-mile connectivity," he said.
Noting that 85 per cent Indians still do not have access to the Internet, Mr Aghi said therefore, to fill this gap the government could make it easier to obtain clearances to install cell phone towers.
"IT infrastructure can be further expanded by lifting the ban on foreign satellite operators so they can provide spectrum in hard-to-reach areas," Mr Aghi said.
Dan Gupta of UST Global estimated that the Digital India initiative could help boost India's gross domestic product (GDP) by around Rs 37 lakh crore (USD550 billion) - upping its GDP by Rs 67 lakh crore (USD1 trillion) by 2025 - a historic growth that can only be fostered by encouraging cooperation between the two nations.