New Delhi, Nov 19 (UNI) Secretary of the Department of Science and Technology (DST) Abhay Karandikar on Tuesday said that India has witnessed the rise of more than 10,000 deep-tech startups across key sectors such as artificial intelligence, clean energy, and biotechnology many of which are translating academic research into commercial success.
The Secretary’s remarks came , while speaking at a summit organised by the Nadar University, Delhi-NCR in partnership with the Global Trade and Innovation Policy Alliance (GTIPA) and the Institute for Competitiveness here.
Sharing the valuable insights into the India’s rapidly expanding “innovation ecosystem”, he said “The Ministry is actively supporting by offering the provision of funding to approximately 700 startups in these critical sectors”.
During the event, Karandikar expressed optimism that increased private sector investment in research and development would further drive India’s ascent as a global innovation powerhouse over the next decade.
The two-day summit, themed “India: The Innovation Hub for Tomorrow,” is spotlighting leaders from over 35 countries, including diplomats, bureaucrats, industry CEOs, startup founders, and investors.
Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission of India, spoke about the role of institutions to foster the innovation in start-ups and said the Institutions like Shiv Nadar University play a crucial role in nurturing talent and fostering the kind of innovation that will shape the industries of the future.”
“India’s strength in software and emerging sectors like drones offers a unique opportunity to build globally competitive products” he added.
Dr. Rajat Kathuria, Dean, School of Humanities and Social Sciences, Shiv Nadar University, mentioned, “India stands at the confluence of technological progress and societal transformation, driving innovation not only in advanced technologies but in tackling global challenges like climate change, healthcare, and economic equity.
“True innovation shapes a better tomorrow by addressing today’s challenges with inclusivity and sustainability”, he said.
