Veep to inaugurate Conference on ‘Co-operative Federalism and Law Reforms' (See 'Corp Brief') A&C - Arbitrator has wide discretion u/s 31(7) of Arbitration Act to award pre-reference, pendente lite, and post-award interest at such rate as it deems reasonable: HC (See 'Legal Desk') Chouhan to launch 'Khet Bachao Abhiyan - Rabi 2026' today (See 'Corp Brief') IBC - Right to withdraw CIRP application u/s 12A is governed by provisions in force on date when complete Form FA is submitted to IRP: NCLT (See 'Legal Desk') CSIR-NIScPR successfully concludes Two-Week Skill Training Programme on Library Automation (See 'Corp Brief') India, Saudi Arabia discuss bilateral Electrical Interconnection Initiative (See 'Corp Brief') DRI seizes 13 kg foreign-origin gold worth around Rs. 19.41 crore (See 'Corp Brief') PMLA - Statutory twin conditions under Section 45 of the Act can override the fundamental constitutional safeguards of personal liberty under Article 21 of the Constitution: SC (See 'Legal Desk') Saturation Campaign of Financial Inclusion to cover 2.7 Lakh Gram Panchayats and ULBs (See 'Corp Brief') DRI seizes 7 kg amphetamine and 3kg cocaine (See 'Corp Brief') IBC - Mere reason that some facts may have already been into existence but continue to exist would not mean that the application u/s 9 becomes retrospective: HC (See 'Legal Desk') Uttarakhand becomes first State to export Trout to Nepal (See 'Corp Brief') BIS organises Interactive Sessions to promote AYUSH with Quality Standards (See 'Corp Brief') PMLA - In absence of money trail connecting attached properties with proceeds of crime, subject properties cannot be attached merely as properties of equivalent value: Tribunal (See 'Legal Desk') Clarification on Legislative Developments concerning Govt's stake in IDBI (See 'Corp Brief') SEBI - The fact that criminal proceedings were subsequently initiated against appellants does not confer sanction under Section 15T of the SEBI Act to reopen a penalty order which attained finality: SAT (See 'Legal Desk') Efforts underway to develop one lakh young leaders: Mandaviya (See 'Corp Brief') IITM hosts consultation on Climate Science into Services for India Forum (See 'Corp Brief') IPR - Continued use of mark after express acknowledgment of proprietor's rights and undertaking to cease such use is strong indicator of dishonest intention and constitutes infringement: HC (See 'Legal Desk') IBC - Successful Resolution Applicant is entitled to pursue dues of Corporate Debtor against its debtors in arbitration even after conclusion of CIRP: SC (See 'Legal Desk') IBC - Express forfeiture clause in e-auction notice binds bidder despite absence of express forfeiture stipulation in Schedule I of Liquidation Process Regulations, 2016: SC (See 'Legal Desk') An unsuccessful 'success fee' litigation (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