“India To See Over $100 B Worth Innovations From Emerging Tech. Startups”
New Delhi: Emerging Technologies like A.I.(Artificial Intelligence)/Deep
Tech./Robotics/Blockchain/IoT are going to drive next phase of
innovations in India and India to see over $100 Billion worth
innovations from Emerging Tech. Startups in coming years as per insights
shared by Chief Analyst of 5Jewels Research, Mr Sumant Parimal.
Addressing Startups and Entrepreneurs of CrAdLE, a Startup Incubator and
Accelerator of Entrepreneurship Development Institute of India (EDII) ,
at Gandhi Nagar, Gujarat through virtual meet, Mr Sumant Parimal said
“Globally Emerging Tech. has created many disruptive startups, which has
fetched excellent returns for the entrepreneurs, investors and customers
through YoY valuation and revenue gains, India has started to witnessing
disruptive potentials of Emerging Tech. startups, which is driving
Efficiency, Productivity, Brand Equity, Innovation and IP Assets gains
in Indian economy. As per our estimates, India to see over $100 B worth
innovations from Emerging Tech. Startups and this gives space for
addition of at least 10 new Unicorns in India in Emerging Tech. space”.
“Emerging Techs. are also going to provide enabling tools to many Tech.
and Non-Tech. startups to bring innovations in new products, solutions,
and services offerings, which shall also add tremendous value to
customers and consumers, as in present pandemic driven world industry is
looking for new innovations and technologies to deliver accelerated and
sustainable value to their customers and consumers. Innovation driven
disruptive Emerging Tech. Startups of India have potentials to take
India towards ‘$5 Trillion Economy’ goal” Mr. Sumant Parimal added.
This startups session was presided over by Mr Sunil Kumar, CEO, CrAdLE
(Centre for Advancing and Launching Enterprises), who highlighted Govt.
of India’s efforts in augmenting startups ecosystem in India. This
session was conducted by Mr Rahul Sharma, Incubation – Manager, CrAdLE
and seen participation from startups across various Tech. and non-Tech.
verticals.