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Which are the projects selected by World Economic Forum to be launched as Centre for Fourth Industrial Revolution in India ?

Which are the projects selected by World Economic Forum to be launched as Centre for Fourth Industrial Revolution in India ? Correct Answer All of the above

The Correct answer is All of the above.

Key Points

  • The World Economic Forum (WEF) has launched a Centre for the Fourth Industrial Revolution (Industry 4.0) in India.
  • The center would aim to bring together the government and business leaders to pilot emerging technology policies.
  • The center would be based in Maharashtra. Drones, artificial intelligence, and blockchain have been selected as the first three project areas.
  • The Centre for the Fourth Industrial Revolution India will work in collaboration with the government on a national level to co-design new policy frameworks and protocols for emerging technology alongside leaders from business, academia, start-ups, and international organizations.
  • The National Institute for Transforming India (NITI) Aayog will coordinate the partnership on behalf of the government and the work of the center among multiple ministries.

Additional Information

  • World Economic Forum 
    • The World Economic Forum (WEF), based in Cologny, Geneva Canton, Switzerland, is an international NGO, founded on 24 January 1971.
    • The WEF's mission is stated as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.
    • The Forum provides a platform for the CEOs of the largest companies, heads of state of countries, to meet each other and discuss business through bilateral meetings. It’s a meet to showcase countries’ potential in order to attract businesses.
    • The theme of WEF 2020 is Stakeholders for a Cohesive and Sustainable World.
    • It is basically a networking event where countries project themselves to garner investment.

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