Is India Positioned to Take a Leading Role on the Global Stage? Piyush Goyal Thinks So
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Synopsis
Union Commerce Minister Piyush Goyal emphasized India's potential role on the global stage during the TiE conference in Bengaluru, advocating for enhanced innovation and research in the deep tech sector. His remarks reflect a growing commitment to entrepreneurship and substantial government support for emerging technologies.
Key Takeaways
- Piyush Goyal emphasizes the importance of innovation in deep tech.
- Government support is crucial for R&D advancements.
- Investment in DeepTech is on the rise.
- India aims for a significant global role in technology.
- The Union Budget supports emerging technologies with substantial funds.
New Delhi, Oct 31 (NationPress) Union Commerce and Industry Minister Piyush Goyal spearheaded discussions at The IndUS Entrepreneurs (TiE) conference held in Bengaluru on Friday, emphasizing the critical need to promote innovation and enhance research and development capabilities within India's deep tech sector.
The minister expressed his satisfaction in connecting with DeepTech and semiconductor startups present at the conference.
Taking to the social media platform X, he remarked, "Thrilled to engage with DeepTech and semiconductor startups, alongside V Mohandas Pai, Chairman of Aarin Capital."
He further stated, "Our discussions centered on advancing innovation, boosting R&D capabilities, and uncovering new opportunities to fortify India's DeepTech and semiconductor landscape."
This interaction in Bengaluru follows his remarks at India's largest DeepTech conference in Delhi, where he underscored government support for innovation across various domains including artificial intelligence, quantum computing, and machine learning.
Goyal highlighted that DeepTech holds significant appeal for India's youth and praised the growing investment and efforts within the sector.
"Indians are ready to embrace entrepreneurial challenges. We don’t set small objectives; we are driven by ambition. As a nation, we are destined to play a significant role on the global stage. Let’s seize the world," he stated.
The Union Budget for 2025-26 allocated a substantial amount towards the development of DeepTech and AI-enabled platforms through the Rs 10,000-crore Fund of Funds initiative, aiming to create new opportunities in the startup and innovation ecosystem, including Artificial Intelligence (AI).
The TiE Delhi-NCR organization had previously hosted 'India’s largest deeptech conference' in the capital on October 29, gathering chief experience officers (CXOs), policymakers, investors, scientists, and innovators to stimulate India’s transformative decade in areas like AI, quantum computing, semiconductors, space, defense, biotech, and life sciences.
Point of View
The insights shared by Piyush Goyal at the TiE conference demonstrate a robust commitment to advancing India’s deep tech capabilities. The emphasis on innovation and government support reflects a strategic vision to elevate India’s position in the global technology arena.
NationPress
01/11/2025
Frequently Asked Questions
What is the focus of Piyush Goyal's discussions at the TiE conference?
Piyush Goyal focused on promoting innovation and enhancing R&D capabilities within India's deep tech sector.
What significant allocation was made in the Union Budget for 2025-26?
The Union Budget allocated Rs 10,000 crore towards the development of DeepTech and AI-enabled platforms.
Who participated in the TiE conference?
The conference brought together CXOs, policymakers, investors, scientists, and innovators in the field of deep tech.
What sectors are included in India's deep tech initiative?
The initiative includes sectors like artificial intelligence, quantum computing, and machine learning.
How does Piyush Goyal view India's youth in relation to deep tech?
He believes that deep tech greatly appeals to India's youth, who are willing to embrace entrepreneurial risks.
