FICCI Global R&D Summit 2017 Paves Way to Nurturing R&D and Innovation Ecosystem in the Country

Dr Makarand Phadke, Chairman, FICCI National Committee on S&T/Innovation & Sr. VP-Innovations, Reliance Industries Ltd, Mr. Shekar Viswanathan Chairman, FICCI Karnataka State Council, Vice Chairman & Whole-time Director Toyota Kirloskar Motor Pvt Ltd., Prof. Ashutosh Sharma, Secretary, Department of Science and Technology, Government of India, Mr Fomichev Oleg Vladislavovich, State Secretary-Deputy Minister of Economic Development of the Russian Federation, Shri Gaurav Gupta, the Principal Secretary at Dept. of IT, BT and S&T, Govt. of Karnataka, Mr. Phil Shaw, the Chief Executive of Lockheed Martin India at the launch of FICCI-Edelman Knowledge Reports on ‘Towards Making Bengaluru as R&D Capital of India’ and ‘Harnessing private Sector Investment in R&D’.

Bengaluru, 6th April: The Global R&D Summit 2017 opened in Bengaluru on the 6th April to explore the potential of research and development in catalysing economic cooperation and social development. With the Government of Karnataka as the State Partner and Russia as the country partner, the event opened with addresses from several dignitaries from the government and leading industry representatives about the increasing focus on innovation and the efforts being made to establish India as an R&D hub. The summit is organised by Department of Science and Technology, Government of India, and the Federation of Indian Chambers of Commerce and Industry (FICCI). Mr. Shekar Viswanathan Chairman, FICCI Karnataka State Council, Vice Chairman & Whole-time Director Toyota Kirloskar Motor Pvt Ltd., stressed on the need and relevance of R&D and innovation as a crucial leg to growth and development. Talking about the R&D ecosystem and innovation in the country Prof. Ashutosh Sharma, Secretary, Department of Science and Technology, Government of India, spoke about how India is pacing towards increased focus on innovation. He added that over the coming years, India plans to become the third largest R&D hub in the world, after China and U.S.

“Today, DSTis supporting over 100 business incubators that are in turn helping over 2000startups. Over the course of time, we plan to double these numbers asinnovation is expected to grow exponentially in the next five years” Mr.Sharma said. 

ShriGaurav Gupta, the Principal Secretary at Dept. of IT, BT and S&T, Govt. ofKarnataka, gaveinsights on how the state through its policies is leading the R&D space andis spurring investments in the field of innovation. He added that the state,which aims to be the hub of innovation, has also conducted several rounds ofdiscussions with various countries to nurture the R&D capabilities ofBengaluru. 

“The cityhas made certain great strides that have brought several large funds as foreigninvestment into the country. The mature ecosystem of Bengaluru has attractedseveral MNCs to invest in the city to conduct their R&D operations herethat would in turn lead to enhancing their global strategies,” ShriGupta said

MrFomichev Oleg Vladislavovich, State Secretary-Deputy Minister of EconomicDevelopment of the Russian Federation, spoke of the long running India-Russia partnerships andparticularly stressed on the need to extend the collaborations in developingR&D capabilities for various sectors. 

Mr. PhilShaw, the Chief Executive of Lockheed Martin India said, “R&D is crucial inIndia, which is pushing innovation. Through our programs, we aim to helpprojects that bring forth a societal impact.” He particularly stressed on theIndia Innovation Growth Programme that Lockheed Martin have been runningjointly with other partners since the last 10 years.   

The Summitalso witnessed the launch of FICCI-Edelman Knowledge Reports on ‘Towards MakingBengaluru as R&D Capital of India’ and ‘Harnessing private SectorInvestment in R&D’. 

Theaddresses concluded with FICCI R&D Awards Distribution which saw severalwinners gaining accolades for their spectacular innovations.

DrMakarand Phadke, Chairman, FICCI National Committee on S&T/Innovation &Sr. VP-Innovations, Reliance Industries Ltd presented the Vote of Thanks.


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