India’s influence is becoming more and more important both in the field of geopolitics and in the technological world. Furthermore, Modi is committed to a closer relationship with the United States. Modi really wants to bring something. He sees the tech industry as a good stepping stone to achieve this.’
University
India is increasingly seen by the US as a good alternative to China. At the same time, the universities of both countries see opportunities in the field of cooperation. “This provides opportunities for deals and expanded agreements to further expand that industry together.”
India needs to walk a tightrope
This is unfamiliar territory for the country which has previously indicated that it is wary of foreign investors. That position is slowly changing, Dupuy sees. ‘India needs to walk a bit of a tightrope. They want to profile themselves as a major player both in the market and in global politics. Then you have to admit other countries as well».
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Modi is eager to improve the start-up culture in his country. To this end, it has already been agreed during previous talks with Biden that import duties and trade restrictions will increasingly be lifted. Conversations with numerous Silicon Valley CEOs will also help with this.
Consumers
The CEOs of Google and Microsoft are both of Indian descent. This fits well with the image Modi wants to project from his country, says Dupuy. ‘There’s a growing middle class here, a lot of people who want to work in the tech industry. But there is also a growing group of consumers who could buy these products. All those top executives are quite open to that.’