Why India is seeing a fresh wave of global innovation centres
With the GICs working on cutting edge technologies, number of patent applications in India is rising. In 2015-16 it surged by 30% to 3.41 lakh vis-a-vis a year ago.
With the GICs working on cutting edge technologies, number of patent applications in India is rising. In 2015-16 it surged by 30% to 3.41 lakh vis-a-vis a year ago.
It is estimated there will be 30 billion connected devices by 2020 so it is important to create a platform, and an ecosystem, to manage this scale.
"We are talking to Reliance, the Tatas, the Birlas … We have signed deals with the largest Indian tyre OEM, based in Chennai, we've tied up with the largest car manufacturer and possibly the world's second largest agricultural equipment provider. We also have an insurance company on board."
Cooperation in the area of cyber-security to combat radical groups and other threats were also discussed between Russian minister Rashid Ismailov and Indian officials.
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