Delivering the keynote address virtually at ASSOCHAM Foundation Week 2020 the Prime Minister asked the Indian industry to increase their investments in Research and Development especially in sectors like agriculture, defence, space, energy, construction, pharma and transport.
Mr Modi also urged all the companies to earmark a certain amount for Research and Development in every sector. He said, the world is moving rapidly towards the fourth industrial revolution. He said, challenges will come in the form of new technology and many solutions will also come.On the occasion, the Prime Minister presented the ASSOCHAM Enterprise of the Century Award to Industrialist Ratan Tata, who received the award on behalf of the TATA Group.
The Prime Minister said, for the past 100 years, ASSOCHAM and TATA Group have been involved in improving the economy of the country and the lives of crores of Indians.