India's Deeptech Revolution: Fostering Innovation and Startups for a Sustainable Future
Key Ideas
  • Amitabh Kant emphasizes the importance of deeptech sectors like AI, mobility, battery storage, and green hydrogen for India's transformation into a global innovator.
  • The government plans to establish a Rs 10,000 crore fund of funds to support early-stage investments in startups, promoting entrepreneurship through initiatives like Startup Mahakumbh.
  • Kant highlights India's unique potential in connecting startups with venture capital, underlining the significance of good corporate governance and financial management for startup success.
  • He urges startups to prioritize ethical governance and self-regulation, drawing examples from successful companies like Infosys to inspire a culture of innovation and sustainability.
Former NITI Aayog CEO, Amitabh Kant, envisions a significant role for deeptech in shaping India's future, stressing the importance of sectors like artificial intelligence, mobility, battery storage, and green hydrogen. He believes that this era could mark India's transition from a service provider to a global innovator, with startups playing a pivotal role. The government's proposal of a new fund of funds totaling Rs 10,000 crore aims to boost early-stage investments in startups, aligning with initiatives like Startup Mahakumbh to foster entrepreneurship. Kant praises India's vibrant startup ecosystem and its potential in connecting startups with crucial funding sources to drive global disruption. Emphasizing the significance of corporate governance, he advises startups to integrate ethical practices and financial prudence into their operations, drawing parallels to the success story of Infosys. By advocating for a culture of innovation, sustainability, and self-regulation, Kant envisions a future where Indian startups can thrive on a global scale, contributing to the country's development goals.
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