Time right for next tech giants to be born in India: Pawan Munjal

Time is now right to show to the world that the next set of technology giants will be born in India, with the largest digitally-connected open market place waiting to be leveraged and monetised, the Chairman and CEO of Hero MotoCorp, Pawan Munjal, said on Sunday.

Addressing the 10th convocation of the Indian Institute of Technology (IIT)- Gandhinagar, virtually as its chief guest, he urged the graduating students to grab opportunities and challenges that 'the largest digitally-connected open marketplace' offers. "While many new-age ideas have flown in from America, such as Amazon, Apple, Facebook, Netflix, Twitter, Uber, now, it's time that we step up to the challenge and show the world that next set of technology giants will be born out of India," Munjal told in his address to the graduating students.

The numbers also point towards the opportunities, with as many as 700 million Indians are online and connected to the world, making them "perhaps the largest congregation of connected people in the world, behind only China," he said.