Hotline: 1800 102 2007
X
Search Business Opportunities
Nov, 25 2016

​India could become the 'digital colony', says Mohandas Pai

"If you miss this digital revolution, our big companies would be controlled by Chinese capital which is very dangerous," Pai warned.

A top Indian investor and educationist, has warned that India could become a "digital colony" unless Indian businesses start investing in it.

On a report published by PTI, Mohandas Pai, Chairman of Manipal Global Education, said, "India could become a digital colony", referring to possible consequences of the massive money being pumped into India's digital economy by the US and China.

He also asked, "There is a fight between US and China to dominate digitally. And the Indian capital where they are, buying real estate in California?"

"If you miss this digital revolution, our big companies would be controlled by Chinese capital which is very dangerous," Pai warned.

"Indian capital is rent (interest) seeker," he said, asking the Indian capital to change their attitude towards money investment.

He said digital connectivity, is going to change India in three years and said there is going to be tremendous upsurge of productivity, he said.

In the next 10 to 15 years, the young population of India is going to create a new economy of India, he said.

Nothing can stop India from marching ahead given the country's growth trajectory, its move towards a digital economy along with a burgeoning entrepreneur class nothing can stop India from marching ahead.

"Nothing can stop the march of India. All of us have to work together and make sure it happens," Pai said in his address to the World Hindu Economic Forum which is being attended by Hindu entrepreneurs from across the globe.

Pai said there are "millions of mutinies" happening in India.

"People are challenging the status quo. Hundreds of experiments, technology in their hands and regulatory policies are being broken and Bharat is using its digital infrastructure to grow. Startups would be the force multiplier," he said.

In his address, Pai said tech entrepreneurs of India are bound to change the face of the country in the years to come.

Comment
image
Related opportunities
  • Online learning/E-learning
     Join hands with Smart school Education Pvt Ltd and be..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2011
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Central Delhi New Delhi
  • Others Food Service
    ABOUT Chicken Adda: Chicken Adda is best described as indescribable ...
    Locations looking for expansion Madhya Pradesh
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • Fashion accessories - women
    About Us: UNISO is the modern shopping destination for modern INDIA. We..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Others Dealers And Distributors
    Golden Business Opportunity for Dealer/Distributors & Franchisee. Our company Will..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size
    Space required 200
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Indore Madhya pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities