World News | India can play pivotal role in tech sectors identified as key by Quad countries, says Quad Investor Network chief

WASHINGTON, June 10 (PTI) — India has many opportunities due to its talent base and ability to be the second largest manufacturing base outside of China, and can play a leading role in technology areas identified as key by the Quad, Quad Investment Network chief express.

Karl Mehta, Chairman of the Quad Investment Network (Quin), and Alex Trueman, the network’s special advisor Alex Trueman, following the recent Quin summit in Japan Alex Trueman met with Biden administration officials Prime Minister Narendra Modi’s visit to the US.

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Quin is a network of investors and executives from Quad countries to facilitate co-investment in critical technologies. QUIN was officially launched on May 20.

Mehta said that the Indian government has a very big “Make in India” campaign. Mehta said that India wants to rise and become the world’s manufacturing factory, which China has been doing for the past 30 years.

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“As part of one of the four quartet countries (Japan, India, Australia and the US), India has a huge opportunity. It is the only developing country as the other three countries are already developed countries. India has a huge talent base ,” Indian-American serial entrepreneur Mehta told PTI in a joint interview with Trueman.

“So I think India has a lot of opportunities, both from its talent base and from its ability to be the second largest manufacturing base outside of China,” he said.

Mehta said the Quad Investment Network has identified nine technology areas that are critical both from a supply chain perspective and in terms of establishing or maintaining Quad’s leadership in those technology areas.

These areas include semiconductors, clean energy and critical minerals, quantum technology, mobility (such as 5G or 6G), cybersecurity, health technology, biotechnology, defense technology and space technology.

“These are some of the areas of technology that we are delving into. We are bringing together leading experts from each of the four countries and creating a center of excellence in each country. In the next two weeks we will be launching a quantum Center of Technical Excellence, we have experts from all four countries,” Mehta said.

“These expert groups will be based on the technical collaboration opportunities that exist today, and we can help achieve the direction and very specific goals of the four-way industry network; Regulatory hurdles that may be encountered as the technology develops into the market,” he said.

Among these technologies, India is a technological powerhouse, Mehta said. Although the technologies of the US, Japan and Australia are very advanced, India is a collaborator in these technologies.

India’s focus on vaccine development has been very helpful and India has been instrumental in the whole quad-nation partnership around vaccines. That’s why the Vaccine Partnership has now expanded into a comprehensive health security partnership.

“So, I think India has a huge opportunity to play in each of the nine technology areas that we mentioned,” he said.

Prior to leading Quad Investors Network, Mehta was the founder and CEO of EdCast Inc., an AI-driven knowledge cloud platform backed by Stanford University and acquired by Cornerstone Inc. He is also a former venture partner at Menlo Ventures, a leading Silicon Valley firm.

(This is an unedited and auto-generated story from a Syndicated News feed, the body of content may not have been modified or edited by LatestLY staff)