Mumbai, Jan 23 (IBNS): The World Economic Forum on Tuesday announced an establishment of a new centre in Mumbai, India, in partnership with Reliance Industries.
It is the first centre opened outside of Silicon Valley.
This is being set-up in partnership with the Indian government and Reliance Industries Limited.
The C4IR in India will operate as the Sister Center to the World Economic Forum Center for the Fourth Industrial Revolution in San Francisco, allowing policymakers and thought leaders in India to stay ahead of the curve through unique insights in new forms of governance and new technology applications, and connections with cutting-edge technology innovators globally.
The WEF has identified India as a partner since it is a key economic, political and social shaper of the 21st Century’s global, regional and industry systems, which is also on the cusp of a massive digital transformation.
The capability for India to maximise the potential and minimise the risks of the Fourth Industrial revolution, both domestically for its economy and society, and globally as a major economic and social innovator -- and cultural influencer - will be one of the foremost drivers for prosperity and peace over the coming decades.
RIL, a private sector company from India, is currently ranking 203rd in terms of revenues, and 110th in terms of profits.
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