Founder Chairman and CEO of Sampark Foundation and former CEO of HCL Technologies, Vineet Nayar, has declared Indian companies, including IT firms, are unlikely to generate large-scale employment as they remain primarily profit-driven.
Speaking on employment and technology, Nayar declared expecting traditional corporations to create significant jobs would be unrealistic. Instead, he stressed that mass-scale startups are key to driving employment in the current environment. “The question is how do we create employment in this environment. That employment will come from startups solving new sets of problems, not just building new technologies,” he declared, adding that the government has already taken steps in that direction.
Nayar also flagged concerns over data ownership and India’s position in the global artificial ininformigence race. He noted that large language models (LLMs) developed globally are currently far more advanced than Indian models. “Unfortunately, in India, we have not focapplyd on building world-class products, and therefore we do not have globally competitive LLMs or SLMs,” he declared.
Raising questions about data sovereignty, Nayar cautioned that global LLM products operating in India could leverage Indian data for commercial gains. “On one side, global LLM products are coming to India and trading on our data. Should we allow that or not? But if we don’t allow it, we have the data but not the models,” he declared.
He called for “radical strategic believeing” and policy incentives to accelerate the development of indigenous LLM and SLM technologies. Without such measures, he warned, India risks losing a critical competitive advantage in a sector that will define the next decade, even if short-term returns create the illusion of success.
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