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State-owned research and development organisation C-DOT has a corpus of over Rs 700 crore for funding startups, but the government has kept no limit to fund innovation, a top official of the entity said on Thursday. Speaking to PTI on the sidelines of Regional Innovation Forum, C-DOT chief executive officer and chairman C-DOT Project Board RajKumar Upadhyay said that a number of delegations of ministers from neighbouring countries at the forum have expressed interest in technological collaboration with India, which will help in expansion of indigenous innovation beyond the country's boundary. "We have various schemes of government to fund innovation. Some of these schemes are available through C-DoT. Through them we have a corpus of Rs 700 crore to fund startups, but there is no limit of fund if we find right innovation," Upadhyay said. The delegation of communications ministers from Bhutan, Maldives, Nepal , Iran, Sri Lanka and Bangladesh visited the C-DoT campus. The campus now a
The Business 20 (B20) inception meeting being organised in Gujarat's Gandhinagar city from Sunday as part of India's G20 presidency will deliberate on issues ranging from climate change, innovation, global digital cooperation and resilient global value chains, officials said here. As part of the three-day meeting, delegates will be taken for a visit to Dandi Kutir, a museum on Mahatma Gandhi in Gandhinagar, on Sunday evening, Gujarat finance department's principal secretary Mona Khandhar told reporters. The B20 India 2023 dialogue will take place under the theme of 'RAISE,' an acronym for Responsible, Accelerated, Innovative, Sustainable and Equitable Businesses, she said. A plenary session for the B20 meeting will be organised at the Mahatma Mandir in Gandhinagar on Monday in which Union Commerce Minister Piyush Goyal, Railway Minister Ashwini Vaishnaw, Gujarat Chief Minister Bhupendra Patel and India's G20 Sherpa Amitabh Kant will take part, the official said. "The plenary sessio
The government will soon release guidelines to support startups interested in undertaking research and innovation in the technical textiles segment and is contemplating a grant of up to Rs 50 lakh for approved proposals, a top official said on Thursday. Responding to a query by PTI, Secretary in the Textiles Ministry Rachna Shah said that she is hopeful that the norms will be unveiled in a month's time. "We would have an evaluation committee which would decide on approving grant for that, so the grant would be up to Rs 50 lakh, that is what we are looking at," Shah said. Hopefully within a month or so, we will be able to have the guidelines, she added. Addressing a press briefing, the secretary informed that the government is looking at measures to cut India's heavy import dependence on machinery and specialty fibre for the technical textiles sector.
India's innovation brings affordability to products and services across the world and is contributing to sustainability efforts, Indian Ambassador to the United States Taranjit Singh Sandhu said. Inaugurating a conference on "India-US partnership for Innovation" virtually in New York on Friday, Sandhu said new thought and innovation are also leading to a strong entrepreneurial culture in India. The conference was jointly organised by Northeastern University and the Consulate General of India. Sandhu said the India-US partnership has unique strengths to drive the world of innovation. "We are already invested in clean energy partnership, in making the global supply chain more resilient and in harnessing the value of new and emerging technologies. As strategic partners, we have a clear roadmap ahead to innovate, build and prosper," he said. "We have been able to bring in scale and speed in our innovation. An example would be our massive effort to vaccinate our population, administeri