CCI approves acquisition of Kenvue Inc. by Kimberly-Clark (See 'Corp Brief') CCI approves Adani Power to buy stake of GVK Energy (See 'Corp Brief') IBC - If transaction was builder-linked contractual arrangement rather than pure financial debt default, Section 7 IBC proceedings cannot be used in parallel with DRT recovery proceedings: SC (See 'Legal Desk') CCI approves acquisition of stake in Llyods Engineering by Thriveni Earthmovers (See 'Corp Brief') CCI approves acquisition by CPPIB India in Ctrl S Datacenters (See 'Corp Brief') Govt pushes India Post toward Corporate-Style Efficiency (See 'Corp Brief') IPR - Use of house mark does not by itself obviate infringement or passing off: HC (See 'Legal Desk') Present petro conservation intended towards long-run capacity building: RM (See 'Corp Brief') Atal Innovation Mission hosts AIM Sumvaad- Central India to strengthen regional incubators (See 'Corp Brief') FERA - Foreign judgment is unenforceable in India as it fell within exceptions u/s 13 CPC: SC (See 'Legal Desk') Forum of Regulators celebrates 21 Years of strengthening India's Power Sector (See 'Corp Brief') A&C - Once seat of arbitration is expressly designated by agreement of parties, that seat becomes juridical home of arbitration and operates akin to exclusive jurisdiction clause: SC (See 'Legal Desk') Supreme Court lays down scenarios for lifting of Doctrine of Corporate Veil (See 'CORP EINSICHTf') Fisheries Secy visits ornamental fish brood bank in Maharashtra (See 'Corp Brief') Company Law - For purpose of maintainability of petitions u/s 397 & 398, expression ‘member' is not to be confined only to formal entry in register of members u/s 41(2): SC (See 'Legal Desk') Over 3,500 Participants compete in AB PM-JAY Hackathon (See 'Corp Brief') Scindia, Fadnavis inaugurate renovated Andheri RS Post Office as Future-Ready Service Hub (See 'Corp Brief') IBC - While subsidiary companies are separate legal entities, corporate veil may be lifted if associated companies are inextricably connected so as to form one concern: SC (See 'Legal Desk')

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