R&D ECOSYSTEM
Budget measures to enhance competitiveness in domestic, export markets: Consumer electronics players
CEAMA praises the union budget for customs duties removal on critical materials. FM Sitharaman's tariff cuts on minerals bolster initiatives like PM Awas Yojana and rental housing. Major firms like Voltas, Panasonic, Kent RO Systems, and MSMEs anticipate growth. SPPL and Amber Enterprises benefit from BCD increase, propelling India's manufacturing sector forward.
Budget 2024: From tech innovation to infra development, key expectations from the government
Industry leaders expect policies to drive innovation, job creation, and economic development. The budget aims to pave the way for sustainable growth and inclusive development.
Budget 2024: More funds and focus on R&D can solve many problems of pharma sector, say stakeholders
The upcoming budget should focus on streamlining regulatory compliance and help the domestic pharma sector to boost their manufacturing capacity.
Chorus grows for angel tax repeal; policy push for EVs
Startup Inc’s calls to do away with angel tax have found support from the government. This and more in today’s ETtech Top 5.
India must lead AI revolution, not just participate, says G20 Sherpa Amitabh Kant
Amitabh Kant emphasizes India's potential to lead the AI revolution globally, highlighting the country's active engagement in AI projects. He stresses the importance of AI integration in various sectors like healthcare and logistics to drive innovation and competitiveness.
Drone industry seeks favourable policies, incentives, component ecosystem to push domestic manufacturing
Industry players at the Drone International Expo 2024 in Delhi called for improved policies and incentives to boost indigenisation in the Indian drone market, projected to reach USD 27 million revenue by 2024. Experts emphasised the need for a supportive ecosystem for domestic component manufacturing. Over 200 national and international manufacturers are showcasing innovations, highlighting advancements in surveillance for enhanced security measures against modern terrorist activities.
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Rs 300 crore allocated by Defence Ministry to foster Make in India defence tech innovations
The Indian Ministry of Defence has sanctioned over Rs 300 crore through its Technology Development Fund (TDF) to create an ecosystem for enhancing capabilities in cutting-edge technology and promoting 'Aatmanirbharta' in defence. The TDF scheme, executed by DRDO under the 'Make in India' initiative, provides grants-in-aid to Indian industries, including MSMEs and startups, as well as academic and scientific institutions, for the development of defence and dual-use technologies.
Defence Ministry signs 350th iDEX contract with SpacePixxel Technologies for miniature satellite development
The Ministry of Defence signed its 350th iDEX contract with SpacePixxel Technologies Pvt Ltd for developing a miniature observation and imaging satellite for the Indian Air Force. This initiative aims to innovate in space electronics by miniaturising payloads that were previously deployed on large satellites. The new satellite will integrate multiple miniaturised payloads, offering benefits like faster deployment and lower environmental impact. Defence Secretary Giridhar Aramane praised the commitment of defence innovators and assured them of continued support.
Karnataka contributes 22% to global R&D, says IT Minister Priyank Kharge
Karnataka IT Minister Priyank Kharge on Wednesday said the state is at the forefront of innovation, contributing 22 per cent to global R&D, and is leading in areas such as technology services. The state government is striving to make not just Karnataka but India a skilled nation, research and manufacturing destination, innovation capital and biotech and startup hub, he said.
iCET Meet: Doval, Sullivan focus on co-production, co-development, R&D
NSA Ajit Doval and US counterpart Jake Sullivan met for the second iCET meeting, focusing on co-production, co-development, and R&D. They emphasized staying at the forefront of innovation and coordinating with allies for secure technology solutions. They highlighted the need to safeguard sensitive technologies from leaks to countries of concern, without naming China.
A study reveals how India can achieve $5 billion defence export goal
A recent study by Nexgen Exhibitions highlights the importance of streamlining foreign direct investment (FDI), enhancing Research & Development (R&D), and boosting manufacturing capabilities to help India achieve its USD 5 billion defence export goal by 2024-25. The study, involving over 130 national and international arms, ammunition, and security equipment manufacturers, emphasizes the need for strategic partnerships, advanced technologies, and a robust skill development ecosystem. The findings aim to propel India's homeland security and defence sector towards becoming a global manufacturing hub.
Charting the course of the future: Could India take the lead in CleanTech AI?
Although problems such as landfilling, incineration and composting dominate waste disposal, they also give rise to the need for a personalized waste solution.
India has made huge strides, but the new govt still has a lot to do
The past decade in India has seen significant transformations in infrastructure, economic reforms, and digitization, laying the groundwork for sustained growth. The challenge for the new government is to maintain an 8%-plus growth rate and increase per capita income. To achieve this, private investment must drive growth, with investments rising to 32-35% of GDP. Scaling up manufacturing, outcome-oriented skill development, supporting women and youth entrepreneurs, reforming municipal governance, realizing tourism potential, accelerating R&D, and addressing urban challenges are key areas for action.
Deep tech startup policy likely in forthcoming Budget
The new government may announce the full Budget for 2024-25 in July. An official said that startups have to convert their innovation into intellectual property rights and for that extensive R&D is required.
Deep tech startup policy likely in forthcoming Budget
The commerce and industry ministry may propose a dedicated policy for deep tech startups in the forthcoming Budget, to be announced by the new government. The policy, in final stages, aims to promote innovation and R&D. Voting for the Lok Sabha polls is over, with results on June 4 and a new government taking oath this month.
Creating an Export Development Fund is crucial for the MSME ecosystem: FIEO’s Ashwani Kumar
A budgetary support equivalent to 1% of preceding year’s export value should be made available every year through the budget grant to the Department of Commerce, he says.
HCLTech to buy Hewlett Packard’s communications tech assets for $225 million
As part of this agreement, HCLTech will also absorb around 1,500 employees and 700 contractors with experience of engineering services for telecom industry in countries including Spain, Italy, India, Japan, China, Americas and APAC region, HCLTech said in a regulatory filing on Thursday.
Will China become the cat among India's EV pigeons?
Chinese electric vehicles are causing concern in the US and Europe due to their affordability and efficiency. The US has responded by imposing tariffs on Chinese EVs and lithium-ion batteries. India may now become a target for Chinese EVs. Stellantis is considering manufacturing Leapmotor's electric vehicles in India to avoid tariffs.
Cipla ups investment in point-of-care testing firm Achira Labs
Cipla has announced further investment of up to Rs 26 crore in Achira Labs, a company specializing in point-of-care medical test kits. This investment will be made in four tranches, contingent upon the achievement of specific milestones. After the first tranche, Cipla will hold 27.27% of the total voting rights in Achira. This decision follows Cipla's initial acquisition of a 21.05% stake in Achira Labs in June 2022. Achira Labs, based in Bengaluru, focuses on developing and commercializing regulatory-approved medical diagnostic products using microfluidic technology.
Boom in semiconductor industry drives demand for tech roles
The semiconductor industry in our country is experiencing rapid growth fueled by high demand and enabling government policies. Industry experts note a significant surge in demand for semiconductor professionals, with a conservative estimate suggesting a compound annual growth rate of around 100% in open positions over the last three years.
Centre eyes dedicated R&D wing under semicon research centre
Government plans R&D wing at India Semiconductor Research Centre (ISRC) for semiconductor research with a focus on industrial production, public-private partnerships, and intellectual property rights-driven manufacturing ecosystem. The project aims for next-gen semiconductor development and involves higher education institutes like IIT Bombay and IIT Gandhinagar.
ET Road Safety & Safer Mobility Forum: Experts spotlight strategies for elevating employee well-being and operational efficiency in transportation
Global road fatalities dropped by 5%, but India saw a 15% rise. The ET Road Safety & Safer Mobility Forum discussed safety culture and technology's role in employee transportation. Leaders emphasized driver safety, tech integration, and collaborative efforts for a safer future.
MNRE extends deadline for R&D proposals under National Green Hydrogen Mission
The National Green Hydrogen Mission extended the R&D proposal deadline to April 27, 2024, focusing on enhancing green hydrogen production affordability. Guidelines aim to improve efficiency, safety, reliability, and foster partnerships in the innovation ecosystem.
Wipro GE Healthcare to invest Rs 8,000 crore on manufacturing, R&D in next 5 years
Wipro GE Healthcare has announced a strategic investment of over $1 billion in local manufacturing and R&D over the next 5 years. The investment aims to bolster the company's manufacturing footprint and address the growing domestic and international market, exporting products to 15 countries. The move aligns with India's position as a global MedTech innovation and manufacturing hub.
Dassault Systemes looking to ramp up R&D capability in Pune: Suchit Jain
Suchit Jain, vice president of strategy and business development at Dassault Systemes SolidWorks Corp said India has a lot of good talent in terms of what the company needs to develop the products and has proven infrastructure and added that it has a wide customer base.
Initiatives taken to boost R&D: Need to balance IPRs with development needs, says FM Sitharaman
“We are trying to make them (IPR laws) work as a facilitator, a booster, and not as a barrier to the process of R&D,” Sitharaman said on Saturday, asserting that India’s IP regime remains compliant with the Trade-Related Aspects of Intellectual Property Rights (TRIPS) framework of the World Trade Organization.
IIM Sambalpur, Apna.co enters R&D tie-up to support startup ecosystem
The collaboration will explore a wide range of innovation and research areas, spanning textiles, arts and culture, agriculture, healthcare, financial and digital inclusivity, tribal entrepreneurship and sustainability.
Medtronic opens its expanded innovation centre in Hyderabad
Medtronic has expanded its Medtronic Engineering and Innovation Center (MEIC) in Hyderabad, India. The state-of-the-art R&D center, part of Medtronic's $350 million investment plan over five years, aims to expand its global R&D footprint and foster local innovation. The center focuses on collaborative innovation, training, and immersive experiences, housing labs like Digital Therapy & Innovation, Connected Care, and Platform & Tech
Samsung Semiconductor India Research unveils its new R&D facility in Bengaluru
Samsung Semiconductor India Research (SSIR) has inaugurated its new R&D facility in Bengaluru, marking a significant step in advancing semiconductor research in India. The spacious campus, situated in Bagmane Capital Tech Park, Angkor-West, spans 1,60,000 square feet across four floors and can accommodate up to 1600 professionals.
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