Saturday, July 6, 2019

India Govt’s Focus as Top Destination for Research and Innovation Augurs Well with ER&D Industry

Commenting on the Budget 2019 announced by the Indian Finance Minister on Friday, L&T Technology Services, CEO & MD, Dr. Keshab Panda said, “The government’s focus on positioning India as the top destination for research and innovation augurs well with the interests of the ER&D industry. Moreover, the announcement on providing support to the skill development initiatives related to AI, IoT, 3D printing, VR, Robotics has the potential to establish India as a global talent hub for digital technologies."

Dr Panda goes on to mention that lastly, earmarking Rs.10,000 crore over a three year period towards building a wider ecosystem of electric vehicles is a  welcome move. It is now for the value chain players to come together and replicate the success achieved by Indian ER&D players for global auto majors on the EV front.

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