Union Minister Shri Rajeev Chandrasekhar will inaugurate the G20-Digital Innovation Alliance Summit in Bengaluru. The two-day event, held alongside the Fourth DEWG meeting of G20, gathers global digital experts to discuss topics like ‘Digital Public Infrastructure’, ‘Digital Economy Security’, and ‘Digital Skilling’. The summit includes an innovation exhibition by corporates and startups. Launched under India’s G20 Presidency, the G20-DIA initiative supports startups from G20 and guest countries in sectors like Ed-tech, Health-tech, and Fin-tech. A total of 174 startups from 29 countries will pitch their solutions, with 30 receiving awards at the event’s conclusion.
Prelims pointer
- Rajeev Chandrasekhar: Union Minister of State for Skill Development and Entrepreneurship and Electronics and IT, inaugurating the G20-DIA Summit. Rajeev Chandrasekhar is a government official responsible for skill development, entrepreneurship, electronics, and IT. He is inaugurating the G20-DIA Summit, a platform for discussing digital innovation and startup growth.
- G20-Digital Innovation Alliance (G20-DIA): Initiative launched under India’s G20 Presidency to support startups from G20 and guest countries in various sectors. G20-DIA is an initiative fostering startup growth across G20 nations and select guest countries. It promotes innovation in sectors like Ed-tech, Health-tech, and Agri-tech, aiming to address global challenges through digital solutions.
- Digital Public Infrastructure (DPI): Focus of discussions at the summit, emphasizing the importance of robust digital foundations for societal development. DPI refers to the underlying digital systems and networks that support public services and economic activities. The summit discusses its significance in building a strong digital foundation for advancing various sectors and the economy.
- Circular Economy: One of the sectors supported by G20-DIA, focusing on sustainable resource management and minimizing waste. Circular economy promotes reducing, reusing, and recycling resources to create a sustainable ecosystem. G20-DIA supports startups in this sector, encouraging solutions that contribute to responsible resource management and environmental sustainability.
- DEWG (Digital Economy Working Group): A subgroup within G20 that addresses digital technology’s impact on the global economy. DEWG is a G20 subgroup focused on understanding and harnessing the influence of digital technology on the global economy. It explores policies and strategies to promote digital innovation, economic growth, and cooperation among member countries.
