Scheduled Commercial Banks can also become sponsors of PFs (See 'Corp Brief') MNRE assures full support to IREDA in its growth journey (See 'Corp Brief') IBC - Non- stamping or insufficient stamping of one of documents relied upon by creditor does not impede initiation of insolvency resolution process, which differs from enforcement action: NCLT (See 'Legal Desk') MoD records significant progress in implementing wide-ranging reforms (See 'Corp Brief') Lower CNG, PNG Prices to ease household and transport fuel costs: Govt (See 'Corp Brief') IBC - Penalty can be levied if lapses demonstrated non-compliance with statutory and regulatory obligations incumbent on IP, undermining interests of stakeholders and integrity of insolvency process: IBBI (See 'Legal Desk') DFS successfully concludes nationwide campaign - Your Money, Your Right (See 'Corp Brief') Chouhan on a three-day visit to Maharashtra (See 'Corp Brief') DoP & SIDBI sign MoU for Contact Point Verification of Informal Micro Enterprises (See 'Corp Brief') Competition Law - Practice of tying the sale of urea with other fertilizer products amounts to agreement that causes or is likely to cause an appreciable adverse effect on competition in India, thereby contravening Sec 3 of Competition Act: CCI (See 'Legal Desk') NICDC Logistics Data Services completes 10 Years of Operations in Logistics Data and Digital Systems (See 'Corp Brief') PM to inaugurate exposition of sacred Piprahwa Relics on 3rd Jan, 2026 (See 'Corp Brief') WAVES Bazaar, One Stop Portal for Showcasing India's Creative Talents (See 'Corp Brief') Competition Law - Control over DCE compatibility & restrictive contractual conditions could effectively make exhibitors/producers captive customers of specific post-production processors, harming competition: CCI (See 'Legal Desk') We will be able to run Vande Bharat train through Mangaluru route: Vaishnaw (See 'Corp Brief') President of India to confer AI Certificates (See 'Corp Brief') Negotiable Instruments Act, 1881 - Summoning order quashed where complaint lacks specific averments regarding petitioner's direct involvement in issuance of dishonored cheques: HC (See 'Legal Desk') DFS Secy highlights key initiatives for deepening digitisation of tribunals (See 'Corp Brief') Framework for professionalized Sports Governance being constructed (See 'Corp Brief') Negotiable Instruments Act, 1881 - merely being Director in company is per se not enough to establish vicarious liability under Section 141 of the Act, without clear allegations of role in company's affairs: HC (See 'Legal Desk') NHAI signs MoU with National Test House to Strengthen Quality Assurance in Highway Projects (See 'Corp Brief') PMLA - Fact that property is retransferred to the beneficial owner after completion of purpose for which it was given to benamidar, provisions of PBPT Act are attracted and it does not exonerate any party to benami transaction: SAFEMA (See 'Legal Desk') DoT extends Pro-Tem Security Certification Scheme for two years from 01-01-2026 (See 'Corp Brief') PMLA - Even if predicate offences were not directly linked to appellants, ingredients of money laundering under PMLA could still apply as per settled legal precedent: SAFEMA Tribunal (See 'Legal Desk') PMLA - Attachments of even bank balances can be sustained if enforcement agency satisfies statutory scheme and evidentiary requirements: SAFEMA Tribunal (See 'Legal Desk') Joshi releases Indian Standard for Electric Agricultural Tractor (See 'Corp Brief') IPR - Generic or commonly descriptive word can never become trade marks on their own as they never acquire distinctiveness or a secondary meaning: HC (See 'Legal Desk') NTH signs MoU with DRDO's DMSRDE for research, testing and training collaboration (See 'Corp Brief') IPR - Kohinoor's trademark registrations in Delhi and marketing agreement executed between parties in Delhi were sufficient to vest territorial jurisdiction in Court: HC (See 'Legal Desk')

Print

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

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.