Bengaluru, Nov 16 (PTI) India is using technology as a weapon in the war against poverty, Prime Minister Narendra Modi said on Wednesday.

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In his virtual inaugural address to Bengaluru Tech Summit, he also said India is no more a place known for red tape, it is known for red carpet for investors.

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The PM noted that the number of unicorn startups has doubled since 2021.

"India has many excellent factors coming together", he told the 25th edition of Asia's largest technology event being held at the iconic Bengaluru palace.

"Your investment and our innovation can do wonders. Your trust and our tech talent can make things happen," Modi said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)