Build institutions that will outlive this century: PM Modi to startups

Urges them to look beyond valuations and exits, and create world-class products in order to become globally competitive in the field of technology

When the chips were down, your code kept things running,” said Prime Minister Narendra Modi, lauding India’s information technology (IT) industry on Wednesday.

The resilience displayed by the tech industry amidst the ongoing global crisis was a shining example of “New India,” Modi said, while addressing the opening session of the three-day National Association of Software and Service Companies (Nasscom) Technology & Leadership Forum (NTLF) 2021. “When the whole world was restricted to the four walls of their homes, our IT sector ran their projects with the same commitment and dedication,” he said.  

Modi, who addressed the industry leaders virtually at the