Industrial revolution can "give us answers" and can help start ups in India to provide quick solutions, Union Minister Nirmala Sitharaman said today.
Speaking at the World Economic Forum (WEF) annual meet here, she said, "I don't think we should worry about it (industrial revolution)".
She was participating in a session on 'Harnessing Regional Cooperation in South Asia' where Sri Lankan Prime Minister Ranil Wickremesinghe and Bangladesh Prime Minister Sheikh Hasina were also present.
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Sitharaman, the Commerce and Industry Minister, emphasised that industrial revolution "can give us answers", adding that countries like India cannot stay away from robotics.
According to her, industrial revolution can help start ups in India to be able to give quick solutions. "We have to be careful how we play it (industrial revolution) up in our countries," she added.
Talking about South Asia region, she said it can be the engine for growth in the world.
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At a panel discussion on India and the Emerging Markets in the Next Phase of Globalisation, Union Ministers Nitin Gadkari and Nirmala Sitharaman talked about the country's competitive advantages and vibrant economy.
"India has a bearing on everything that is happening globally," Sitharaman, who is the Commerce & Industry Minister, said.
"The three forces that will change globalisation, are the three in which India is making a difference: digitalisation, the restructuring of global supply chains, and the change in institutional frameworks," she added.
Road Transport and Highways Minister Gadkari said the government is committed to growth and development and is ready to take a global lead in development.
According to CII President Naushad Forbes, every projection says that India would be one of the best ten performing economies over the next 25 years, as it has been over the last 25.
