Rohan Atrawalkar and Janak Nabar India’s space sector, according to PwC estimates is currently valued at USD 7 billion, which is around 2 percent of the global space economy. Recent reforms announced in 2020 are expected to provide an impetus to India’s space sector and see a much higher share in the global space economy […]
Indian industry
Success stories of companies funded by the Technology Development Board (TDB)
A recent report released in September 2021, ‘SIGNATURE COMPANIES & TECHNOLOGIES Funded by TDB for Commercialization’, showcases 26 companies supported by the TDB for technology development and commercialisation between 1998 and 2020. The total amount of assistance provided to these 26 companies was Rs 569 Cr (around 33 percent of the total project costs) over […]
Linking Corporate Social Responsibility and Innovation spending
The draft Science, Technology and Innovation Policy (STIP) 2020 has recommended that companies should be encouraged to channel their Corporate Social Responsibility (CSR) funds towards R&D activities, thus broadening the avenue for private financing of innovation. The recommendation also appears to have been made with the aim to encourage the contribution and collaboration of private […]
High-technology exports and Innovation in India
India’s share of high technology exports in its total manufactured exports have continued to remain low. Within the select economies mentioned in the table below, other Asian economies like China and South Korea have the highest share of high technology exports in their manufactured exports. Export orientation can play an important role in the growth […]