CCI nod for acquisition of equity of Shiprocket by MUFG Bank (See 'Corp Brief') CCI okays acquisition of equity in Shiprocket by KDT Venture (See 'Corp Brief') CCI approves subscription to debentures of GMR Infra by Platinum Stone (See 'Corp Brief') DAC approves 5 capital acquisition proposals worth Rs 21,772 Cr (See 'Corp Brief') Atal Mission, Swedish Embassy celebrate SheSTEM 2024 (See 'Corp Brief') Arbitration Act - Appellant has no legal right to oppose withdrawal of application and/or insists that matter be referred to arbitration : HC (See 'Legal Desk') Arbitration-Arbitrator being judge of choice of parties not being bound by technicalities, hence, he is to follow principle of natural justice and those procedures which are provided under statute: HC (See 'Legal Desk') Adoption rate Of Ethanol Blended Fuel on the rise: Govt (See 'Corp Brief') India, Italy have strengthened bonds in Science and Innovation: MoS (See 'Corp Brief') IBC- Board has statutory mandate to oversee processes under Code and monitor performance of Insolvency Professionals, who are main driving force of CIRP : IBBI (See 'Legal Desk') Bharat NCX 2024 concludes with unprecedented success (See 'Corp Brief') SARFAESI Act - Petitioner company through its IRP is entitled to release of FDRs in their favour : HC (See 'Legal Desk') Coal production in November surpasses 90.62 Million Tonnes (See 'Corp Brief') MoS calls for strong StartUp-Industry linkage (See 'Corp Brief') Misc - Subsequent purchaser who fails to conduct proper inquiries about title & interest in immovable property they intend to purchase, can't be deemed 'bona fide' purchaser u/s 19(b) of Specific Relief Act: SC (See 'Legal Desk') Busan Summit: India calls for balanced approach (See 'Corp Brief') A&C - At stage of consideration of prayer u/s 11(6), Court has to confine itself to examination of existence of arbitration agreement: SC (See 'Legal Desk') Story of Viksit Bharat will be written in Alphabet of Science: MoS (See 'Corp Brief') Misc - No prior approval is required u/s 17A of Prevention of Corruption Act to 'trap' public servant who allegedly demands gratification: HC (See 'Legal Desk') NCGG achieves significant milestone (See 'Corp Brief') RTI - Information available on website is already in public domain: IBBI (See 'Legal Desk') SAIL, John Cockerill sign MoU to drive innovation and green steel technologies (See 'Corp Brief') Misc - Presumption u/s 20 of Prevention of Corruption Act is not necessary when nexus between demand and acceptance of illegal gratification stands established: SC LB (See 'Legal Desk') NHPC partners with GGGI to drive Clean Energy Innovations (See 'Corp Brief') Misc - Sale certificates neither transfer title nor require stamp duty, and filing of certificate u/s 89(4) of Registration Act suffices for registration: SC (See 'Legal Desk') Challenge to an arbitral award as being in conflict with 'public policy' (See CORP EINSICHT)

MoS calls for strong StartUp-Industry linkage

Published: Dec 02, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 02, 2024: ADDRESSING the Round Table of Institutional leaders from across the country on the sidelines of the India International Science Festival (IISF) 2024 here, Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh called for strong StartUp-Industry linkage as the key to India's sustainable economic growth.

The Round Table was attended by heads of all the important R&D institutes, Vice Chancellors of Universities and later joined by Industry leaders as well.

In an inspiring address at the Round Table, the Minister emphasized complete synergy of Research, Academia, StartUps and Industry to achieve the optimum goals.  He underlined the pivotal role of science and innovation in driving India's journey towards becoming a developed nation.

Dr Jitendra Singh called for a strategic, collaborative approach involving academia, research institutions, and industry to tap into India's potential and push forward with groundbreaking progress.

Dr Jitendra Singh emphasized the need to harness India's exclusive assets, including its rich traditional knowledge coupled with cutting-edge technology, which together offer a unique edge. When you combine our traditional knowledge with modern science, you create an exclusive Indian cocktail that sets us apart on the global stage, he said.

The Minister praised the National Research Foundation as a major step forward, noting its potential to foster deeper cooperation between public and private sectors, both domestically and internationally. Drawing on examples from the biotech and space sectors, he called for increased global partnerships that would bring in international expertise and industry leaders to amplify India's scientific endeavors.

Addressing the need for greater integration between industry and science, Dr. Jitendra Singh highlighted the importance of aligning scientific research with market demands. He emphasized the role of private sector investment in sustaining startups and creating an ecosystem where innovation thrives. We must involve industry leaders not just as participants but as partners who help shape the direction of research and development, he stated. Echoing the sentiments of many scientists present, he underscored that the future of India depends on fostering a culture of public-private participation and collaborative problem-solving.

Dr. Jitendra Singh stressed the importance of creating a skilled workforce equipped to meet the demands of a rapidly evolving global economy. He called for the integration of cutting-edge technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), quantum computing, and sustainable manufacturing into research and education programs, which he described as essential to India's future readiness. Furthermore, he highlighted the need to empower young innovators and startups by leveraging institutional expertise and infrastructure, while embedding initiatives like Startup India and the Atal Innovation Mission into institutional frameworks.

In his concluding remarks, Dr. Jitendra Singh reminded the audience that the confidence and momentum generated under Prime Minister Narendra Modi's leadership must be channeled into action. Science will be the driving force for the future of Bharat, he affirmed, urging those in the room to strategize and push forward with a unified vision. His words resonated as a call to action for the scientific community to harness its collective strength for the betterment of the nation and to contribute to India's emergence as a global leader in science and technology.

TIOL CORP SEARCH

TIOL GROUP WEBSITES