WEF launched Centre for Fourth Industrial Revolution in India

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The World Economic Forum (WEF) has announced its new Centre for Fourth Industrial Revolution in India.. The Centre will be based in Maharashtra. It was launched by Prime Minister Narendra Modi at function held in New Delhi. It will be fourth center in chain-ones as part of WEF’s global network along with San Francisco (US), Tokyo (Japan) and Beijing (China) are already functioning.

Centre for Fourth Industrial Revolution :

The centre will facilitate to bring together government and business leaders to pilot emergingtechnology policies. It has selected drones, artificial intelligence and blockchain as the first three project areas. The centre will work in collaboration with government on national level to co-design new policy frameworks and protocols for emerging technology alongside leaders business, academia, start-ups and international organizations. NITI Aayog will coordinate partnership on behalf of government and work of centre among multiple ministries.

World Economic Forum (WEF) :

It is an international institution founded by Klaus Schwab that works to improve the state of the world through public-private cooperation. It was established in 1971 and is headquartered in Geneva, Switzerland. It serves as independent not-for-profit organization that works closely with other international organizations. It also works with leaders in the field of politics, business, academia to set global, regional and industrial agenda.