RBI rolls out measures to strengthen Cooperative Banks' Financial Health (See 'Corp Brief') A&C - Applications for extending arbitral tribunal's mandate u/s 29A(4) must be filed exclusively before principal civil court of original jurisdiction: SC (See 'Legal Desk') IWAI facilitates ODC Movement via Inland Waterways to Boost Assam's Semiconductor Ecosystem (See 'Corp Brief') A&C - Arbitral proceedings are set to commence on date of receipt of notice invoking arbitration clause: SC (See 'Legal Desk') A&C - Under pre-2015 amendment regime, once party consents to court order appointing arbitrator, they cannot subsequently challenge existence or validity of arbitration clause before arbitral tribunal: SC (See 'Legal Desk') Prasada inaugurates STQC Lab Automation Portal 'SATYA' (See 'Corp Brief') Indian Delegation visits Vietnam to Open New Opportunities in Silk, Sericulture & Handloom (See 'Corp Brief') Paswan releases Plastic Industry Status Report 2025 (See 'Corp Brief') Trade Mark - prior user rights override subsequent registration, particularly where adoption of deceptively similar subsequent trade mark, is not bona fide & is aimed at riding on existing goodwill of existing trade mark: HC (See 'Legal Desk') CCI registered 54 cases of anti-competitive practices in 2025 (See 'Corp Brief') National Institute of Ayurveda reaffirms role as global centre for education & patient care (See 'Corp Brief') Electronic Interlocking rolled out at 34 Railway Stations of N-E (See 'Corp Brief') PMLA - Objectives of enacting PMLA 2002, was attachment and confiscation of proceeds of crime which is quintessence so as to combat evil of money-laundering: SAFEMA (See 'Legal Desk') Khelo India Multipurpose Hall at SAI Sambhajinagar is addition to Olympic readiness: MoS (See 'Corp Brief') PM addresses community programme in Kuala Lumpur (See 'Corp Brief') A & C - mandate of arbitrators appointed unilaterally by one party, merits being terminated, where the other party explicitly refuses to waive applicability of Section 12(5) of the Act: HC (See 'Legal Desk') India-US Trade Agreement: Major boost for Textile Industry (See 'Corp Brief') IBC - In unavailability of adequate document/information and considering effect of limitation period, assigning of 'zero' value to trade receivables, without any due justification, is not appropriate: IBBI (See 'Legal Desk') India has signed MoUs with 23 countries for cooperation on Digital Public Infrastructure (See 'Corp Brief') A&C - Once arbitral tribunal has adopted plausible & reasonable interpretation of facts and contractual terms, courts cannot re-appreciate evidence or sit in appeal over award: SC (See 'Legal Desk') Railways inspects All Bridges Twice a Year (See 'Corp Brief') A&C - Permitting a civil suit to challenge an award confirmed by the Supreme Court would undermine the arbitral framework and public confidence in arbitration: HC (See 'Legal Desk') Over 1.25 lakh Livestock Farmers joined Virtual Awareness Program: MoS (See 'Corp Brief') A & C - Referral court not required to conduct detailed or contested inquiry & must limit itself to ascertaining whether underlying contract contains an arbitration clause covering disputes between the parties: HC (See 'Legal Desk') Pariksha Pe Charcha marks First-Ever multi-location nationwide engagement (See 'Corp Brief') SEBI - If Noticee violated regulation 23(1) and 23(4) of LODR Regulations as alleged in SCN, Noticee is liable for payment of monetary penalty in terms of section 15HB of SEBI Act: SEBI (See 'Legal Desk') TRAI issues Telecommunication Services Interconnection Regulations, 2026 (See 'Corp Brief') Trade Marks - Procedural defects & inadvertent errors which are curable should not be permitted to defeat substantive rights, unless shown to be deliberate, mala fide, or prejudicial to opposite party: HC (See 'Legal Desk') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT')

Technology Park being developed to facilitate Deep-tech Start-ups: MoS

Published: Mar 13, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 13, 2025: 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 said here today that "Technology Parks" are being developed to facilitate Deep-tech StartUps.

Chairing a high-level review meeting with the Secretary and senior officials of the Department of Science and Technology (DST) to assess ongoing projects and future initiatives, Dr Jitendra Singh disclosed that four existing technology innovation hubs into Technology Translation Research Parks (TTRP) to facilitate deep-tech startups and industry-academia partnerships. These hubs, located at IIT Kanpur (cyber security), IISc Bangalore (robotics and autonomous navigation), IIT Indore (healthcare), and ISM Dhanbad (mining), will provide infrastructure and support for translational research.

The meeting focused on India's progress in emerging technology domains, including hydrogen energy, quantum computing, and technology innovation hubs.

During the discussion, Dr. Jitendra Singh was briefed on the National Green Hydrogen Mission, where DST is set to be the implementing agency.

Dr. Jitendra Singh emphasized the need for coordination with the Ministry of New and Renewable Energy (MNRE) to expedite implementation and ensure effective policy alignment.

The Minister also reviewed advancements under the National Quantum Mission, where India has established four quantum technology hubs at IISc Bangalore, IIT Bombay, IIT Delhi, and IIT Madras. These hubs focus on computing, communication, sensing, metrology, materials, and devices.

Officials reported that the mission has so far supported eight quantum startups, two of which-QPi AI and QNU Labs-are developing advanced quantum computing and communication solutions. Dr. Jitendra Singh highlighted the importance of industry collaboration to accelerate quantum research and its commercial applications.

In addition, the meeting covered the upgrade of four existing technology innovation hubs into Technology Translation Research Parks (TTRP) to facilitate deep-tech startups and industry-academia partnerships. These hubs, located at IIT Kanpur (cyber security), IISc Bangalore (robotics and autonomous navigation), IIT Indore (healthcare), and ISM Dhanbad (mining), will provide infrastructure and support for translational research.

The Minister also discussed India's growing international collaborations in science and technology. He acknowledged recent engagements with global partners, including the United States and European Union, to strengthen research cooperation. Officials highlighted that India is set to participate as an associate member in the EU's Horizon research program, pending financial and policy negotiations.

Dr. Jitendra Singh reiterated the government's commitment to advancing technology-driven solutions and creating opportunities for Indian scientists, entrepreneurs, and researchers. The meeting concluded with a directive to fast-track the implementation of key projects and ensure sustained momentum in India's scientific and technological growth.

TIOL CORP SEARCH

TIOL GROUP WEBSITES