Science and Technology Development in India

India's technology spending is projected to reach approximately US$ 54.5 billion (Rs. 4.49 trillion) by 2027, making it the highest in the Asia Pacific (APAC) region.

Advantage India

Robust
Demand

* The country remains among the top three countries in scientific publication as per NSF database and in terms of no of PhDs, in size of Higher Education System; as well as in terms of number of Start-ups.

* India’s artificial intelligence (AI) industry is set to reach Rs. 2,47,766 crore (US$ 28.8 billion) by 2025, driven by rapid talent growth and demand projected to touch 1 million professionals by 2026.

Attractive
Opportunities

* IIT Madras and ISRO have developed and booted India’s first indigenous semiconductor chip, the RISC–V Controller for Space Applications (IRIS), showcasing domestic R&D strength in space technology.

* India’s drone market could grow from Rs. 35,696 crore (US$ 4.2 billion) in 2025 to Rs. 1,95,477 crore (US$ 23 billion) by 2030, as per the EY-FICCI report “Making India the Drone Hub of the World.”

* India filed over 86,000 AI patents between 2010 and 2025, accounting for 25% of all tech patents, with filings from 2021-25 seven times higher than 2010-15, and 63% originating domestically.

Policy
Support

* The Union Cabinet approved a Rs. 99,771 crore (US$ 11.65 billion) Research, Development and Innovation (RDI) scheme under the Anusandhan National Research Foundation (ANRF) to drive deep-tech research, with industry seeking clearer governance and fund use.

* The India AI Mission has been allocated a budget of around Rs. 2,000 crore (US$ 236.4 million), a massive increase from Rs. 173 crore (US$ 8.6 million) in 2024-25.

* DST’s NIDHI programme has fostered a nationwide network of TBIs and STEPs, strengthening India’s innovation ecosystem by mentoring startups and supporting grassroots innovations.

Rising
Private Activity

* In tune with Prime Minister, Mr. Narendra Modi’s vision of National Hydrogen Mission (NHM), M/s Multi Nano Sense Technologies Private Limited, Maharashtra has come up with plan to manufacturing of Hydrogen sensors indigenously.

* Under the IndiaAI Mission, startups like Sarvam AI, Soket AI, Gnani AI, and Gan AI are building open-source models, backed by affordable GPUs, datasets, and global programmes to drive AI solutions in key sectors.

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Last updated: Oct, 2025

Tata Consultancy Services (TCS)

Tata Consultancy Services (TCS) is an IT services, consulting and business solutions organisation that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led integrated portfolio of IT, BPO, infrastructure, engineering, and assurance services. This is delivered through its unique Global Network Delivery Model (GNDM) recognized as the benchmark of excellence in software development.

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Biocon Ltd

Biocon is Asia's premier biopharmaceutical company that is driven by the vision to make a difference in global healthcare through improved access to high-quality, life-saving biotherapeutics by making them affordable for patients across the world. Biocon is among the few companies globally to have received approvals for its biosimilars from developed countries like the U.S., EU, Australia, and Japan. Its credibility as a serious player in the biosimilar sector was first established with the Japanese approval for Insulin Glargine. The credibility was enhanced when Biocon, along with partner Mylan, became the first global company to get biosimilar Trastuzumab and Pegfilgrastim approved in the US in 2017 and 2018, respectively. It was also among the first few to receive Insulin Glargine approval in Europe and Australia for Insulin Glargine, both in partnership with Mylan. It also established its presence in key emerging markets through safe, effective, and high-quality biosimilars including recombinant human insulin.

Company Website

Hindustan Aeronautics Limited

Hindustan Aircraft Limited was incorporated on December 23, 1940, in Bangalore by Mr. Walchand Hirachand, a farsighted visionary in association with the government of Mysore to manufacture aircraft in India. In March 1941, the government of India became one of the shareholders in the company, holding one-third of its paid-up capital and subsequently taking over its management in 1942. The company had built aircraft and engines of foreign design under licence, such as Prentice, Vampire and Gnat aircraft. It also undertook the design and development of aircraft indigenously. Over 150 trainers were manufactured and supplied to the Indian Air Force and other customers. Two companies i.e. Hindustan Aircraft Limited and Aeronautics India Limited were merged on October 1, 1964, by an Amalgamation order issued by the Government of India and the company formed was named "Hindustan Aeronautics Limited (HAL)". The principal business of the company was to design, develop, manufacture, repair and overhaul aircraft, helicopters, engines and related systems like avionics, instruments, and accessories.

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