World Economic Forum 2025 Day 3 LIVE: Focus on trade, tariffs, AI and U.N. chief Guterres’ speech in Davos

The global capability centres in India have transformed from being centres of cost arbitrage to global innovation hubs, Indian leaders said on the sidelines of the World Economic Forum Annual Meeting.

Speaking at a breakfast session organised by the Confederation of Indian Industry (CII) here, they also said there should be a consistent focus on upskilling the Indian talent pool.

D. Sridhar Babu, Telangana’s Minister for Information Technology, Electronics & Communications; Industries & Commerce, said, “The Government of Telangana is working to put young Indians in Skills’ University for training, coaching and tutoring that is required to upskill and reskill employees as well as people who would like to know about new technologies.

This has already started, and it is absolutely industry-driven where the government only acts as a facilitator, he added.

Emphasising the importance of staying ahead in technological advancements, he said, “As the world is witnessing the next wave of revolution right now in terms of technology, India should be proud of the talent that we have, and we need to focus on how we move this talent to the next level.”

“We have upscaled our talent to the next level and have become centres of innovation, and accelerators. Today, almost every state in India is in the drive for new technologies, operating technologies or developing centres of excellence. The Government of India over a period of 2-3 decades has introduced initiatives like Make in India and Digital India which have provided a big platform for each and every state to further move forward,” he added.

– PTI