SUMMARY
For India’s growth, technology and innovation will play a key role: Vardhan
Indian innovators are finding solutions to improve the lives of Indians
India and South Korea are working together to promote sustainable development through innovation
While an opinion poll by the World Economic Forum (WEF) concluded that Indians are among the world’s most optimistic individuals about technology, the government also believes that technology and innovation can help India to grow and become a global leader in this field.
Speaking on the sidelines of the launch of the second call for proposal for joint applied research under the India-Korea Future Strategy Group, Science and Technology Minister, Harsh Vardhan, said that for India to grow at a sustained pace, technology and innovation have to become all-pervasive across all sectors of development.
Further highlighting how India is projecting itself at the global level, the minister, as reported by MoneyControl, said that the country is working aggressively towards establishing itself as a leader in both industrialisation and technological developments. “Indian government is keeping a strong focus on science and technology, realising that it is a key driver of long-term economic growth,” he added.
Vardhan also talked about the wave of startups currently going in the country and said that the ecosystem of innovation and technology-led entrepreneurship has become a national movement. The minister also credited the abilities of Indian innovators for rising up to the challenges and finding solutions to improve the lives of Indians.
India-Korea Future Strategy Group
Created in 2018 with the collaboration of the governments of Indian and South Korea, the India-Korea Future Strategy Group aims to expand and enhance cooperation in applied science and bolstering industrial innovation for promoting sustainable development and enhancing the quality of life.
Under this programme, India-Korea startup hub, in February 2019, was launched by the Indian Prime Minister Narendra Modi in Seoul, South Korea. This startup hub will serve as an one-stop platform to bring Indian and Korean startup ecosystems closer and to facilitate joint innovation between the two economies.
As part of a joint statement signed between the Korea Trade-Investment Promotion Agency (KOTRA) and Invest India, an investment promotion and facilitation agency of India, the Hub is enabling collaborations between startups, investors, incubators, and aspiring entrepreneurs of both countries and provide them with resources for market entry and global expansion.
