The first India-Philippine Tech Summit (IPTS) was introduced on Tuesday by India’s Embassy in the Philippines in an effort to strengthen technological and digital ties with Manila.
Indian Ambassador to Manila Shambhu Kumaran discussed the importance of creating partnerships among emerging nations, especially in the areas of security, people-to-people relations, and the economy, during his speech at the IPTS in Taguig City.
“There will be further changes as artificial intelligence (AI) becomes more prevalent. A cooperation is required. And that collaboration officially began at the summit, according to Kumaran.
He claimed that the occasion will introduce Filipinos to Indian businesspeople and their impressive online achievements. He continued, “India offers the Philippines a chance to learn, adopt, collaborate, and synergize.”
The summit brought to the Philippines Indian “unicorns,” or privately held, privately valued enterprises valued at over $1 billion that are not listed on a stock exchange, together with other startups in the fields of health care, agriculture, and financial technology (fintech).
“The IPTS 2024 will unite a variety of digital domain stakeholders and offer a never-before-seen chance for networking and the exploration of mutually advantageous business-to-business and government-to-business (B2B) partnerships,” he stated.
Ivan John Uy, secretary of the Department of Information and Communications Technology (DICT), stated that the Philippine government is still eager to keep up its alliances with the private sector. According to him, talks on several agreements pertaining to “cybersecurity” and “digital transformation” are presently underway with the Indian government.
In a speech that was videotaped, Uy stated, “The summit is a fitting renewal of cooperation and celebration of the establishment of diplomatic ties between the two countries.”
The Department of Information and Communications Technology (DICT), the Philippines Chamber of Commerce and Industry (PCCI), the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Ministry of Electronics and Information Technology (Meity) of India jointly organised the one-day IPTS.
It was anticipated that approximately 300 attendees would include representatives from Philippine government agencies and corporations, as well as participants from the fintech, health care, and agriculture industries. Participating entities included incubators, venture capital firms, and angel investors.
In Southeast Asia, the Philippines has become an important ally of India in a number of areas, including investments, maritime security, and defence.
