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.
* The rate of Artificial Intelligence (AI) adoption in key industries across India reached approximately 48% in FY24, with expectations to expand by an additional 5-7% in FY25.
Attractive
Opportunities
* In a key milestone for India’s semiconductor ecosystem, the Indian Institute of Technology Madras and ISRO have jointly developed and successfully booted an indigenous semiconductor chip—the RISC–V Controller for Space Applications (IRIS)—signaling strong domestic R&D capabilities and new opportunities in space–tech hardware.
* India is poised to establish itself as a global hub for drone technology, a development that is anticipated to significantly enhance the Indian economy.
* India’s AI market is growing at a CAGR of 25-35% and is projected to reach around US$17 billion by 2027.
Policy
Support
* DST has been pioneer in establishing a network of Technology Business Incubators (TBI) and Science & Technology Entrepreneur’s Parks (STEP) across the country under the National Initiative for Developing and Harnessing Innovations (NIDHI) program.
* India will establish a National Research Foundation (Anusadhan NRF) to transform research and development. Once operational, it will bridge public and private sectors, fostering collaboration between industry and academia.
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.
* For actual benefit of Prime Minister’s Atal Bhujal Yojana (Atal Jal), a Jharkhand based startup, M/s Kritsnam Technologies Private Limited are developing ‘Dhaara Smart Flowmeter’ - an integrated system for online monitoring that is designed to track the water distribution in real-time.
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.
Read MoreHindustan 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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