India emerging as deep-tech powerhouse through sustained policy support: NITI Aayog Member Abhay Karandikar

India's transformation from a hub of frugal innovation to an emerging deep-tech powerhouse is being significantly driven by consistent policy support and strategic investments, according to NITI Aayog Member Abhay Karandikar. Speaking at a recent industry event, Karandikar highlighted the pivotal role that government initiatives and collaborations with private sectors are playing in fostering an environment conducive to deep-tech advancements. These efforts have not only accelerated research and development but also facilitated the growth of startups focusing on cutting-edge technologies. The focus on deep-tech sectors such as artificial intelligence, quantum computing, and biotechnology is positioning India as a formidable player on the global stage. Karandikar emphasized that the government's emphasis on creating a robust ecosystem through initiatives like the Atal Innovation Mission and the National Research Foundation is crucial to sustaining this momentum. The infusion of capital and resources is enabling Indian innovators and entrepreneurs to push the boundaries of technology, driving economic growth and creating high-skill job opportunities. Moreover, international collaborations and partnerships are further bolstering India's deep-tech landscape. By engaging with global tech leaders and fostering cross-border exchanges, India is not only enhancing its technological capabilities but also establishing itself as a key contributor to the global tech community. As India continues to invest in deep-tech innovation, it is poised to play a transformative role in shaping the future of technology on a global scale.

— Authored by Next24 Live