Innovation In India

CyberMindr's Vision: Sudheer Kanumalli's Proactive Approach to Cybersecurity with Zero False-Positives

According to the International Monetary Fund (IMF), 75-80 per cent of the world's growth this year will come from the Global South, with India and Indonesia at the forefront of this surge

The Budget 2025-26 should announce a PLI scheme for R&D to attract foreign companies and make India a global hub for innovation, said Deloitte India Partner (Direct Tax) Rohinton Sidhwa. He said the government has been pursuing a policy wherein tax holidays are less and more focus is on Production Linked Incentive (PLI) or other schemes which promote investment and employment. "We need to push India as the R&D lab of the world and if there can be such a policy which stimulates that, like PLI for R&D which includes foreign companies, that could be a game changer," Sidhwa told PTI in an interview. The Budget for 2025-26 will be presented in Parliament on February 1. Sidhwa said that one area which the government needs to look at is how to stimulate innovation and reward R&D spending and that would happen only when the country is able to attract global R&D centres into India. "If we can develop our own R&D, we are less reliant on developed world for technology and

A highlight of this partnership is the upcoming SPF Startup Baithak, a flagship event scheduled to take place on January 15-16, 2025, at Bharat Mandapam

Collaboration to boost AI startups, workforce skills, and MSME tech adoption

Vohra, who brings more than 30 years of technology, consulting, and industry expertise with him, will report to Balkrishan Kalra, president and CEO, Genpact.

Industry bodies Alliance of Digital India Foundation (ADIF) and PHD Chamber of Commerce & Industry (PHDCCI) have signed a two-year agreement to foster the Indian startup and innovation ecosystem. The two-year memorandum of understanding (MoU), signed at PHD house New Delhi office, seeks to create an environment that fosters independent thinking and cultivates groundbreaking ideas across various sectors of the Indian economy. ADIF associate director Prateek Jain said the alliance is a crucial step to democratise India's digital entrepreneurship landscape. "This MoU goes beyond conventional support mechanisms and focuses on architecting a holistic ecosystem that nurtures innovation at every stage of a startup's journey. By leveraging PHDCCI's vast industry connections and our digital expertise, we are laying the groundwork for unprecedented growth and innovation in India's startup scene," Jain said. The initiative will involve workshops, training sessions, and seminars designed to ..

Penetration, premiumisation and innovation combined with disciplined resource allocation were the key growth drivers for the business, the report stated

Red Hat sees India as among the world's high-growing markets, and the country's expanding enterprise base and technical innovation capabilities offer exciting prospects for the IBM-owned company, its CEO Matt Hicks has said. Weighing in on the larger debate of AI and its impact on tech sector jobs and salaries, Hicks told PTI that artificial intelligence, "if done well", will trigger massive value creation and spawn new industries beyond anyone's imagination. Red Hat - the enterprise open-source solutions company that IBM bought in 2019 for about USD 35 billion, marking its biggest acquisition ever - is working with a "great" foundation base in India and is at an exciting point where the company is amplifying capabilities with technology roles. "I think India, at this point, is one of the strongest markets in the world with its fundamentals...When I look at the opportunity in India...one, it is a high-growing market and has enterprise needs, so that is a great fit for us...Also, the

Vineet's indomitable spirit and unwavering commitment to making a positive impact have left an indelible mark on all who had the privilege of knowing him

India is home to more than 1,580 GCCs, with a total market size of $46 billion

Prime Minister Narendra Modi on Wednesday greeted people on National Science Day and said his government is continuously working to encourage research and innovation among the youth. The day is observed to commemorate the discovery of the 'Raman effect' by scientist C V Raman, who won the Nobel prize in physics for the groundbreaking finding. Modi said on X, "Greetings on National Science Day. Our Government is continuously working to encourage research and innovation among the youth. This is important to realise our dream of a Viksit Bharat.

Announcements in the interim Budget 2024-25 with regard to deep-tech and startups will significantly help boost India's innovation-led economy, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said on Friday. Singh said the 11 per cent increase in capital expenditure (capex) to Rs 11.11 lakh crore for the next financial year, and the provision to provide Rs 75,000 crore as interest-free loan for 50 years to support reforms by states, will help further improve the country's logistics efficiency, connectivity and cut down the logistics cost. Provisions related to research and development "hopefully trigger some greater private sector investments in R&D. Announcement of a new scheme for strengthening deep-tech technologies is good for startups also... It will give a boost to India's increasingly becoming an innovation led economy," Singh told PTI. Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on ...

Global product engineering and digital services firm Tata Technologies has inaugurated a vehicle-software focused Innovation Centre in Tamil Nadu. The first kind of facility in Coimbatore, about 550kms from here, would focus on innovating solutions for global customers through development, testing and integration of vehicle software solutions. The company, in the first phase of operations, plans to employ 100 software professionals from the local community. Coimbatore is emerging as a key engineering hub in India with a vibrant engineering community and education ecosystem. The innovation centre would focus on vehicle software projects including embedded software development and testing, advanced driver assistance systems, connected vehicles, cyber security among others. "We are pleased to establish our presence in Coimbatore and contribute to the region's thriving engineering landscape. This strategic initiative will ensure a continuous exchange of talent, ideas and solutions, ...

The Asia Pacific and Japan region is emerging as a hotbed for innovation, and various governments are driving digital transformation projects, a senior AWS official has said. Initiatives like Digital India have successfully showcased how technology can be used to address citizen needs at scale, said Rahul Sharma, Managing Director, Worldwide Public Sector - APAC and Japan at Amazon Web Services (AWS). Sharma outlined a positive outlook for government-led tech spending in the region for 2024. Spending around mission projects, driven by various governments, is expected to have a bigger component of technology, he said. "According to IMF, Asia Pacific is the growth engine for the world...also it is really where a lot of innovation is happening...one of the things we are seeing, specifically, is the wave of government-led digital transformation in Asia Pacific and Japan," Sharma told PTI on the sidelines of AWS re: Invent 2023. According to Sharma, Digital India and the rise of digita

The government is also focusing on building innovation ecosystems through centres of excellence in various fields

Through reforms and e-commerce innovation, India must supercharge its MSMEs

Indian industry must see R&D as its way of building a future based on proprietary technology

Chhattisgarh is last among major states in index based on seven broad parameters and 66 indicators

The central government on Monday launched the mentorship programme