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Mr Kris Gopalakrishnan, Past President of CII, Mentor at CII India Innoverge 2024, Chairman of Axilor Ventures, and Co-Founder of Infosys Ltd, outlined three key requests for the industry and government. First, he urged companies to increase their R&D spending to drive the transformation of India into a product-focused nation. Second, he emphasized the importance of measuring the contribution of products developed in the last three years to current business performance. Third, he recommended that companies increase the percentage of revenue generated from products developed outside the organization, promoting collaboration with leading innovation companies. Additionally, Mr Gopalakrishnan called on industry, academia, and the government to create dedicated spaces within academic Centers of Excellence (CoEs) for the co-location of industry R&D, which would foster innovation and incubation.
"To transform India into a global innovation hub in a sustained way, one of the key asks is to raise our R&D investments, and focus on emerging technologies that can drive future progress. CII is committed to facilitating this transformation by promoting transparency, fostering purposeful innovations, and ensuring that sustainability remains at the core of our efforts. By converging industry leaders , start-ups, policy makers and academia, we can shape the future where India stands out as Resilient, Sustainable and an Inclusive economy" , said Mr Kamal Bali, Immediate Past Chairman, CII Southern Region & Chairman, CII India Innoverge 2024 & President & Managing Director, Volvo Group India
The Confederation of Indian Industry (CII) and the Department of Information Technology & Biotechnology (ITBT), Karnataka, have launched the Karnataka CleanTech Startup Accelerator. This new initiative is designed to boost clean technology startups by offering mentorship, funding, and resources essential for rapid growth. The accelerator will focus on key areas such as renewable energy, waste management, water conservation, and sustainable agriculture, reinforcing Karnataka's commitment to innovation and sustainability.
At the Inaugural of “the 20th CII India INNOVERGE 2024 theme this year makes it special :“ India @100, Building for a Resilient, Sustainable & Inclusive India”. Innovation is a multi dimensional phenomenon. It must function on all domains: Science & Technology, Economics & Business, Society & Governance, Art & Culture. “While we seek disruptive & accretive innovations that will make India a technological & economic superpower, we must also ensure that prosperity goes hand in hand with a resilient, sustainable & inclusive society. That will be a unique achievement in the annals of human history. There’s why the theme of INNOVERGE 2024 is visionary “to drive innovation,must harness the strengths of women and men equitably. To ensure an organisational culture & HR practise that provide both an inventive but also a safe work environment for women” Mrs Geetanjali Vikram Kirloskar, Chairperson & Managing Director, Kirloskar Systems Pvt Ltd.
"India is not merely participating in global technological advancements; it is actively shaping and leading them. Our profound cultural depth and diversity provide us with a unique edge, as our rich heritage, when digitized, distinguishes us on the global stage. The challenge of bridging the digital divide, with the rise of smartphones and native language solutions, transforms into an opportunity to extend technology’s benefits nationwide. Moreover, our collaborative ecosystem, integrating academia, startups, and industry, is the driving force behind our innovation. Together, these elements affirm India’s emerging role as a global technology leader." cited Mr Vishal Dhupar, Managing Director, NVIDIA- South Asia addressing at CII Innoverge 2024 Summit.
As we gather for the 20th Edition of the CII India Innovation Summit – CII INNOVERGE 2024, it is a momentous occasion to reflect on the transformative journey of innovation in India. Karnataka has been at the forefront of this journey, embracing technology, sustainability and inclusive growth as key drivers of progress. Our commitment to building a globally competitive India is stronger than ever, and through strategic partnerships and relentless innovation, we are paving the way for a better future for all. Together, let us harness the power of innovation to achieve the vision of Viksit Bharat@100, ensuring that every segment of society benefits from the advancements we pioneer," said Mr N Venu, Chairman CII Karnataka State Council, and Managing Director & CEO - India & South Asia, Hitachi Energy.
Mr Ramesh Ramadurai, Past Chairman, CII Karnataka State Council & Managing Director, 3M India highlighted "Execution is the cornerstone of success for enterprises . While innovation is crucial, turning ideas into impactful solutions through effective execution is what truly drives success. By focusing on implementing innovative strategies and overcoming challenges, enterprises can lead their ventures to new heights and make a lasting impact."
The 3-day event hosted thought leadership addressing an inclusive ecosystem in 10 sectors: Manufacturing and Industry 4.0, Mobility-Automotive & Transportation, Semiconductors, Tourism & Hospitality, Healthcare & Med Tech, Energy Transition/Sustainability, Education & Skilling, Space sector, Agri & Food, Retail and E-Commerce.The summit addressed by CEOs, industry experts and distinguished academia.
The summit will harness innovation for organizational growth on a one-of-a-kind platform and the attendees can learn from experts about the best ways to invest in innovation and learn how businesses are adopting high-end technology to maximize business outcomes. The summit's program will also include a conference, Tech Showcase, Apollo Health-tech (a platform to pitch ideas), Innoverge Recognitions, products, international collaborations and many more.