Page 3 - Innovation

Hyundai Motor announces Rs 6,180 cr investment plans in Tamil Nadu

Aligned with the Hyundai Hydrogen Vision, the goal is to help foster a worldwide Hydrogen Society by making hydrogen readily used for everyone, everything, and everywhere

Cabinet approves pact between India, US to enhance innovation ecosystems

The Union Cabinet on Friday approved the Memorandum of Understanding (MoU) between the US and India to enhance innovation ecosystems. The two countries are working together to strengthen the startup eco- system in deep tech sectors and promote cooperation in initiative on Critical and Emerging Technologies (iCET). "The MoU would contribute significantly to strengthening Commercial opportunities in the high tech sector," an official statement said. The Cabinet, chaired by Prime Minister Narendra Modi, approved the MoU between the two countries to enhance innovation ecosystems through an innovation handshake, it said. Further, it said that the scope of cooperation would include a series of India-US Innovation Handshake events, round tables with the private sector, including hackathon and Open Innovation programmes, information sharing and other activities. The pact laid the groundwork for two future Innovation Handshake events scheduled to take place in India and the US in early 20

Building talent pool, supply chain can help India in semicon race: Experts

Garg added that collaboration with academia and startups to foster innovation in this area is one of the opportunities for India

Climate action not a burden but opportunity for innovation, growth: Goyal

Commerce and Industry Minister Piyush Goyal has called upon the world leaders to join hands as a global community to construct a future where climate action is not a burden but an opportunity for innovation and growth. While speaking at the APEC Informal Leader's Dialogue in San Francisco on November 16, the minister also highlighted India's environmental leadership in meeting the renewable energy target of 175 gigawatts nine years ahead of the target. "He called upon the world leaders to join hands as a global community to construct a future where sustainability is not a distant aspiration but a way of life and where climate action is not a burden but an opportunity for innovation and growth," the commerce ministry said. Goyal also participated in the Investor Forum of the Partnership for Global Infrastructure and Investment (PGII). The Forum was co-hosted by US Secretary of Commerce Gina Raimondo and Senior Advisor to the President Amos Hochstein with the discussion centred on ..

IPEF partners driving nations to top on transparency, innovation: Biden

The 14 Indo-Pacific Economic Framework (IPEF) members have reached a consensus on three crucial initiatives on supply chains, clean energy transitions and the clean economy which would drive them to the top on standards, transparency, inclusivity and innovation, US President Joe Biden has said. The IPEF comprises Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, Vietnam and the United States. It was launched in May 2022 at the initiative of Biden. India was represented by Commerce and Industry Minister Piyush Goyal for the event. Put simply, my colleagues and I are driving a race to the top among nations and in the Indo-Pacific, driving nations to the top on standards, transparency, inclusivity and innovation," Biden said on Thursday in his remarks at a special event he hosted for IPEF nations. "And together, we're going to be forging a better future, one where workers get a fair shot and a fair share of the .

Rise in patent applications demonstrates rising zeal of youths: PM Modi

Prime Minister Narendra Modi said on Wednesday that the rise in patent applications in India demonstrate the rising innovative zeal of its youths and is a very positive sign for the times to come. He was reacting to a World Intellectual Property Organization report which said patent applications by residents of India grew by 31.6 per cent in 2022, extending an 11-year run of growth unmatched by any other country among the top 10 filers. China, the US, Japan, South Korea and Germany were the countries with the highest numbers of patent filings in 2022, it said. While innovators from China continue to file nearly half of all global patent applications, the country's growth rate dipped for a second consecutive year from 6.8 per cent in 2021 to 3.1 per cent in 2022, it said, while noting India's growth. Modi said on X, "The rise in patent applications in India demonstrate the rising innovative zeal of our youth and is a very positive sign for the times to come.

Companies looking to ramp up headcount in tech, innovation-led positions

Companies are looking to ramp up headcount in their Global Capability Centres (GCC) as entities veer towards technology and innovation-led initiatives, according to a study. There is a growing demand for specialised digital and machine learning skills, the study conducted by talent solutions provider Ciel Group said. GCCs are hiring for roles such as Artificial Intelligence, Applied Machine Learning, Data Analytics, Cyber Security, Blockchain, Augmented Reality Apps Design, Engineering, and UI/UX design, it said. These roles will be most sought-after in the Software, Automotive, Pharmaceuticals, and Banking Finance Services and Insurances (BFSI) sectors, the study, which was released on Tuesday, said. The report is based on inputs from 96 companies, which have a GCC and employ 57,500 professionals across sectors that were either established last year or expanded operations. The study further revealed that the demand for software engineers has particularly gone up at the GCCs in th

More than 200 events lined up at 'Yashobhoomi' at Dwarka in 2 yrs: DPIIT

More than 200 exhibitions and conventions have been planned at the India International Convention and Expo Centre (IICC) - Yashobhoomi - at Dwarka here in the next two years, a senior government official said on Tuesday. The focus sectors of these events would be digital innovation, hospitality, entertainment, healthcare, automobile, infrastructure, travel and tourism, and smart manufacturing. Kinexin Convention Management Pvt Ltd, a consortium of Korea International Exhibition Centre (KINTEX) and eSang Networks Company Ltd, are holding marketing initiatives all over the world to attract events at the centre, which was inaugurated by Prime Minister Narendra Modi on September 17. KINTEX has been appointed as the operator for exhibition and convention centre for managing the venue for 20 years. Modi unveiled the Rs 5,400-crore Phase 1 of the IICC on Sunday. He also inaugurated the extension of the Delhi Metro's Airport Line which now terminates at YashoBhoomi Dwarka Sector 25 ...

Soon, make your card payments through Paytm and Pine Labs soundboxes

The company said the total deployment of all its soundboxes is pegged at 85 lakh devices in the market. Additionally, the company added that it deploys over 12 lakh soundboxes every quarter

AI regulation models: What are risk-based and principle-based approaches?

With its unprecedented capabilities of learning and generating new forms of creative content, GenAI prompted govts worldwide to find ways to ensure user safety without dampening rate of innovation

Open innovations, be ready to tackle next health emergency: PM to G20

Prime Minister Narendra Modi on Friday urged G20 nations to facilitate equitable availability of technology and also appealed to them to open innovations for public good. Addressing the G20 Health Ministers' meet in Gujarat capital Gandhinagar via video link, he called upon everyone to be ready to prevent, prepare and respond to the next health emergency. Digital solutions and innovations are useful means to make our efforts equitable and inclusive, Modi said. "Global initiatives on global health will bring together various digital health initiatives on a common platform. Let's open our innovations for public good. Let us avoid duplication of funding," the prime minister said. "Let us facilitate equitable availability of technology. This initiative will allow countries in the global south to close the gap in healthcare delivery. It will take us one step closer to our goal of achieving universal health coverage (UHC)," he added. He informed the G20 members that India will eradicate

Focus on four 'Is' to make India a developed nation by 2047: Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said the focus of the government is on four Is -- infrastructure, investment, innovation and inclusiveness -- to make India a developed nation by 2047. She said India has necessary wherewithal to meet the goal set by Prime Minister Narendra Modi. Besides several investor-friendly reforms undertaken by the government, she said, India has a very vibrant young population and the emphasis on skilling them to suit the requirement of the economy would yield dividend. With the aim to build India a developed country by 2047, she said "the emphasis has been on four different issues (Is). We are looking at infrastructure (first I) in a very big way. In the last 3 to 5 years, consistently, the public expenditure for infrastructure building has been ramped up significantly and it will reach Rs 10 lakh crore in 2023-24." With infrastructure comes investment (second I), she said, adding that emphasis on investment will promote greater participation

Wipro launches innovation experience for financial services with Microsoft

Microsoft and Wipro will develop new solutions to help financial services clients accelerate growth and deepen client relationships

Medical device's environmental impact can challenge innovation: Report

The report by GlobalData, a leading data and analytics company, shows that the industry finds itself at a crucial juncture, balancing technological advancements with sustainable practices

DST report favours govt support to innovation even in case of failure

In a bid to promote innovation in manufacturing, a state-backed report has suggested that the government co-fund to pursue research even if it fails to improve their risk appetite to embrace new technologies and processes. The report on National Manufacturing Innovation Survey, released by the Department of Science and Technology (DST) and the UN Industrial Development Organisation, also suggested that the government launch an 'Innovate to Make in India' strategy and support pre-competitive, industry-focussed research and innovation. According to the report, 25.01 per cent of the 8,074 firms surveyed were considered innovative and had successfully implemented either new or significantly improved products or processes between 2017 and 2020, the period under review. The survey found that close to 80 per cent of innovators were able to improve the firm's turnover, open up new market opportunities, respond to market and cost pressures whereas only 53.59 per cent were able to respond to

Rs 700 cr corpus available to fund startups, no limit to fund innovation

State-owned research and development organisation C-DOT has a corpus of over Rs 700 crore for funding startups, but the government has kept no limit to fund innovation, a top official of the entity said on Thursday. Speaking to PTI on the sidelines of Regional Innovation Forum, C-DOT chief executive officer and chairman C-DOT Project Board RajKumar Upadhyay said that a number of delegations of ministers from neighbouring countries at the forum have expressed interest in technological collaboration with India, which will help in expansion of indigenous innovation beyond the country's boundary. "We have various schemes of government to fund innovation. Some of these schemes are available through C-DoT. Through them we have a corpus of Rs 700 crore to fund startups, but there is no limit of fund if we find right innovation," Upadhyay said. The delegation of communications ministers from Bhutan, Maldives, Nepal , Iran, Sri Lanka and Bangladesh visited the C-DoT campus. The campus now a

The perfect moment for innovation or 'anusandhan' is now: Six reasons

Innovation can be a sustainable wealth creator for nations

Aspirational population in Sikkim keen on innovation, digitisation: CM

Commerce and Industries MOS Som Prakash said there are more than 90,000 startups in India registered with DPIIT

India at G20 summit showcases its strength in research, innovation

Govind Rangarajan, Director, IISC, shared enlightening thoughts on interdependency of domains and interdisciplinary action for solving problems

India, US sign pact on semiconductor supply chain, innovation partnership

The cooperation comes in the backdrop of the chip shortage that had badly disrupted supply of automobiles and electronics in both countries, particularly after the outbreak of Covid-19