Can India Become the World’s Innovation Engine?

Synopsis
Key Takeaways
- India is shifting from a software services hub to an innovation powerhouse.
- The VTU-VRIF-TCOE Hub focuses on cutting-edge technologies.
- India's internet user base has grown significantly over the past decade.
- The initiative fosters collaboration between startups and academic institutions.
- Government policies under PM Modi have transformed the role of governance.
New Delhi, July 10 (NationPress) It’s high time for India to transition from being the world’s back office to establishing itself as an innovation engine, declared Union Minister of Communications Jyotiraditya M. Scindia on Thursday during the inauguration of the VTU-VRIF-TCOE Hub and Spoke of Excellence in Bengaluru.
The Centre of Excellence (CoE), a collaborative effort between Visvesvaraya Technological University (VTU), the Visvesvaraya Research and Innovation Foundation (VRIF), and Telecom Centres of Excellence (TCOE) India, is designed to create a cutting-edge innovation ecosystem.
This CoE will specialize in emerging sectors such as 5G/6G communications, Artificial Intelligence (AI), Machine Learning (ML), Augmented and Virtual Reality (AR/VR), quantum computing, healthcare, and various other advanced technologies.
Scindia noted that India’s digital infrastructure has experienced significant advancements due to initiatives implemented by the government under the leadership of Prime Minister Narendra Modi.
“Eleven years ago, we had only 250 million internet users. Now, we boast over 974 million internet subscribers and 940 million broadband users. We’re constructing the world’s largest optical fibre network -- an invisible digital highway that will visibly enhance the lives of 140 crore individuals,” remarked the Union Minister.
He also discussed India's transformation from a software services center to a product innovation leader.
“In the past, we relied on imports for 90 percent of our mobile phones. Today, India exports mobile phones worth over Rs 2.5 lakh crore, including shipments to the US. It’s crucial that we evolve from being the world’s back office to becoming its innovation engine,” Scindia stated.
The new Centre aims to serve as a platform for deep-tech research and startup incubation, driven by a strong collaboration between academia and industry.
With over 20 startups and 30 academic institutions already involved, this ecosystem is poised to foster innovation on a large scale. The initiative also has backing from major tech companies, including Keysight Technologies, QpiAI, and Televerge. Efforts for skill development are being coordinated by the Telecom Sector Skill Council (TSSC).
Scindia also highlighted the broader policy changes initiated by PM Modi.
“In the last 11 years, PM Modi has fundamentally transformed the role of government -- shifting from a regulator to a facilitator. This Centre embodies that transformation,” he concluded.