New Delhi, May 4: Union Minister Dr. Jitendra Singh stated on Monday that technology-based innovation is crucial for India’s economic renaissance. He emphasized that this innovation has expanded beyond research to encompass industries, startups, and national development.
While addressing the 56th Foundation Day event of the Department of Science and Technology at the auditorium of the Indian National Science Academy (INSA) in the national capital, the minister highlighted the need to bridge science from “laboratories to markets and ideas to impact.” This reflects a new policy direction that directly links research to economic outcomes.
Dr. Singh noted that the past decade has seen significant changes in India’s science and technology sector, supported by policy decisions that opened areas like space and nuclear energy to private participation.
He further stated that these initiatives have created new opportunities for startups and industries, allowing India to better utilize its vast human resources and strengthen its position in the global innovation ecosystem.
Referring to the rapid expansion of the space sector, Dr. Singh mentioned that opening it to the private sector has led to a surge in startup-based innovation within just a few years. New capabilities are emerging in areas like satellite technology, which bolster both economic growth and national security. He added that similar momentum is being observed in other emerging technology sectors.
He emphasized that no country can advance in science while remaining separate from industry and the private sector. Therefore, deep collaboration among government, academic institutions, and industries is essential.
India’s global scientific standing has also strengthened, with the country’s share in high-level research publications increasing, reflecting both quality and impact.
He noted that India’s startup ecosystem has rapidly grown from a few hundred a decade ago to over two hundred thousand startups today.
Chief Scientific Advisor Professor Ajay Kumar Sood stressed the importance of linking research with technology development and commercialization.
Meanwhile, Professor Abhay Karandikar, Secretary of the Department of Science and Technology, highlighted key initiatives such as the National Research Foundation (NRF), RDI Fund, and National Quantum Mission, stating that these programs play a vital role in strengthening India’s science and innovation ecosystem.
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