Nadella exhorts firms to develop own tech capabilities

Mumbai: Global tech giant Microsoft's chief executive Satya Nadella on Monday urged Indian businessmen to keep inclusivity at the centre of their digital technology pursuits.

Nadella said the last decade has seen the advent of connected technologies through mobile but rued that only aggregators have made the most out of the opportunity, and underlined that there is a case for broadening of the productivity gains.

The India-born Nadella made the remarks while addressing a CEO summit organised by his company as part of a three-day visit to the country. The speech, which came in the backdrop of Nadella's disappointment with the Citizenship Amendment Act (CAA), did not have any political overtones.

The 30-minute speech focused heavily on the way forward on technology and was peppered with real-life examples of Microsoft's work with Indian companies.

Addressing the CEOs, Nadella said, "When you build tech intensity, you also got to consider how is what you are doing with digital technology driving more inclusive economic growth?" He added that "stakeholder capitalism" is very important in a multi-constituent world.

Leaders need to be ready to adapt to technological changes as quickly as possible, while they build the tech capabilities, Nadella said. In the decade gone by, we understood the importance of consumer economy, he said, wondering if it is the "only economy".