Workshop with FinTech Companies on expanding FASTag ecosystem (See 'Corp Brief') Bid submission timeline extended for SECI's Green Ammonia tender (See 'Corp Brief') Axiom-4 Marks Realisation of Vikram Sarabhai's dream: MoS (See 'Corp Brief') IBC - Dues of State is entitled to be treated as secured creditor u/s 53 of IBC: NCLAT (See 'Legal Desk') ECI to begin Special Intensive Revision of Electoral Rolls in Bihar (See 'Corp Brief') MoS calls for closer collaboration among IITs, IIMs, AIIMS, IIMC & CSIR (See 'Corp Brief') 7th Helicopter & Small Aircraft Summit held in Pune (See 'Corp Brief') CCI approves acquisition of shares in Aakash Educational by Manipal Health Systems (See 'Corp Brief') IPR - Merely adding mandarin character can't add any distinctiveness for being granted registration, and that too qua pharmaceutical product, if said character can't be deciphered by general public: HC (See 'Legal Desk') CCI approves acquisition in Manappuram Finance & Manappuram Asset Finance by Bain Capital (See 'Corp Brief') CCI okays acquisition of equity of Haldiram Snacks by Alpha Wave Ventures (See 'Corp Brief') Amended BharatNet Program operationalises in Gujarat (See 'Corp Brief') PMLA - Enforcement Directorate must pass orders under of retention under section 20(1) and 21(1) of the PMLA in respect of seized property and seized records: SAFEMA (See 'Legal Desk') Sonowal calls for Sports Resurgence in Assam (See 'Corp Brief') Vanijya Bhawan is symbol of Good Governance, Excellence: Goyal (See 'Corp Brief') SARFAESI - equitable considerations cannot override statutory auction process; writ jurisdiction under Article 226 cannot be invoked to compel bank to accept One Time Settlement or interfere with SARFAESI proceedings already adjudicated under statutory forum: HC (See 'Legal Desk') Hindustan Copper welcomes Chile's CODELCO Team to India (See 'Corp Brief') IICA inks MoU with National Academy of Defence Production (See 'Corp Brief') Competition Act - mere dissatisfaction with service conditions or operational practices did not warrant intervention, more so where any prima facie case under Section 3 or 4 of the Act are not made out: CCI (See 'Legal Desk') Chouhan reviews ICAR-Central Institute of Agricultural Engineering in Bhopal (See 'Corp Brief') DG RPF calls for synergised action by RPF-GRP across States to Safeguard Railway Pax (See 'Corp Brief') Trade Marks - Where an application for registration of Trade Mark is filed on proposed to be used basis, the mark can still acquire distinctiveness before registration; refusal of registration based on lack of distinctiveness unjustified, more so where similar marks were registered by same authority: HC (See 'Legal Desk') PM leads nationwide celebrations of 11th International Day of Yoga (See 'Corp Brief') PMLA - Once property is already auctioned by bank under SARFAESI, legal implications of sale depended on whether sale certificate had been issued: SAFEMA (See 'Legal Desk') BSNL soft launches Quantum 5G FWA (See 'Corp Brief') India Post Payments Bank honoured with Digital Payments Award (See 'Corp Brief') Ramann assumes charge as Chairperson, PFRDA (See 'Corp Brief') NCLAT is not a mere rubber stamp for CoC decisions (See CORP EINSICHT) DoPPW to launch Campaign for Family Pensioners and Super Senior Pensioners in July (See 'Corp Brief') SARFAESI - Judicial officers not being mere spectators, must ensure that due process is followed, if litigant had failed to demonstrate alacrity in pursuing its remedies and had sought multiple adjournments without valid reasons: HC (See 'Legal Desk') 'Yog Sangam' will be held at Pedem Sports Complex, Mhapussa (See 'Corp Brief') India's Space Economy to grow Five-Fold to USD44 bn in coming years: MoS (See 'Corp Brief')

MoS calls for closer collaboration among IITs, IIMs, AIIMS, IIMC & CSIR

Published: Jun 25, 2025

By TIOLCorplaws News Service

MUMBAI, JUNE 25, 2025: AFTER inaugurating a state-of-the-art Incubation Centre at IIM Mumbai, Union Minister of State (Independent Charge) for Science & Technology, Dr. Jitendra Singh, made a clarion call for closer collaboration among academic  institutions of higher education and scientific research, such as IITs, IIMs, AIIMS, IIMC and CSIR, to nurture sustainable startups and innovation-driven entrepreneurship.

While interacting with students, Dr. Jitendra Singh emphasized that "The age of working in silos is over." He asserted that the integration of academia, industry, and government is essential for India to meet its rapid development goals. "Greater synergy between the public and private sectors is not an option-it's a necessity," he remarked.

Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS in the Prime Minister Office, Dept. of Space and Atomic Energy highlighted the democratization of civil services and the growing wave of women-led development over the past decade. Citing the Aditya L1 space mission, he proudly shared that it was led by women scientists, reflecting the inclusive and aspirational rise of India.

The Minister recounted a powerful story of a 16-year-old girl from a militancy-affected town who cracked the IIT entrance exam without coaching, using just a smartphone and determination-"12 hours a day for 8 months, powered by the internet," she told him. "This is the new India, where dreams transcend limitations," said the Minister.

Dr. Jitendra Singh also drew a contrast between the last 11 years and the preceding decade, noting that earlier generations had limited career choices. "Yesterday's youth have a wide array of professional avenues, supported by a rise in national self-esteem, which is reflected in how Indian students abroad command respect and better offers," he said. He also noted that in recent years, girls have consistently topped the Civil Services Examination, signalling a significant shift in the country's social landscape.

Charting India's rise in research and development, Dr. Singh said, "India's Gross Expenditure on R&D (GERD) has doubled in the last decade-from Rs 60,196 crore in 2013-14 to Rs 1,27,381 crore today-under Prime Minister Modi's leadership."

He underscored that the future of India's economy will be shaped by homegrown advancements in biotechnology, artificial intelligence, and quantum computing. Key to this has been government support, like the launch of India's first indigenous DNA-based COVID vaccine, under the Department of Biotechnology (DBT).

He also hailed the BioE3 Policy-Biotechnology for Economy, Environment, and Employment-as a game-changer, propelling India to the forefront of global biotech.

With India rising to the 3rd largest startup ecosystem in the world, Dr. Jitendra Singh revealed that the number of startups has grown from 350 in 2014 to over 1.5 lakh in 2025. "Startups in space tech are adding significant value," he said, noting that the government has allowed 100% FDI in the space sector and set up a Rs 1,000 crore venture fund for space-based startups.

Dr. Jitendra Singh debunked the myth that startups are limited to IT professionals from elite institutions. "Startups are built on **aptitude, ideas, and innovation," he stated. He reiterated that entrepreneurial potential exists across every sector, from biotech to agri-tech.

Dr. Jitendra Singh shared the success of the Aroma Mission, where more than 3,000 lavender-based startups are generating substantial income in rural India, creating employment and transforming lives.

The Minister also emphasized that the National Education Policy (NEP-2020) is a strong enabler of the startup ecosystem, offering students flexibility in subject selection and a holistic learning environment to become innovators, not just job seekers.

Dr. Jitendra Singh pointed out that agriculture, though contributing only around 14%  to GDP, supports the largest section of India's population. He stressed the hidden potential in this sector and the importance of leveraging technology and innovation to unlock it.

Dr. Jitendra Singh also called the present youth "fortunate and uniquely positioned" as they will be at the prime of their careers in 2047, when India celebrates 100 years of Independence.

"You are the generation that will lead a Viksit Bharat-a fully developed India. This is not just your opportunity, it is your responsibility," he stated, urging students to prepare themselves for the historic role they are destined to play in shaping the nation's future.

 

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