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Industrial metaverse: Tech leaders outline India’s growth map Siemens Innovation Day 2024

Economic TimesEconomic Times · 1y ago
Industrial metaverse: Tech leaders outline India’s growth map Siemens Innovation Day 2024
Medial

Siemens' leaders discussed India's progress in economic and infrastructure growth, as well as the gaps in productivity levels. They emphasized the role of technology as an enabler to further increase productivity. Siemens' open digital business platform, Siemens Xcelerator, simplifies complex processes by integrating the real and digital worlds, connecting devices and processing data efficiently. The platform has already shown success in various sectors, reducing energy consumption and carbon footprint. Siemens also highlighted the use of digital twins to optimize processes and reduce energy consumption in data centers. They envision an "industrial metaverse" where digital twin models collaborate with AI to solve real-world problems efficiently.

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Moving beyond coding, Hyderabad to focus on innovation and product development: Telangana IT minister

YourStoryYourStory · 1y ago
Moving beyond coding, Hyderabad to focus on innovation and product development: Telangana IT minister
Medial

Telangana's IT minister, Duddilla Sridhar Babu, plans to leverage the state's booming IT sector to help India reach its goal of becoming a $10 trillion economy. The state aims to focus on innovation, product development, and artificial intelligence (AI) to attract investments and achieve economic growth. Telangana also plans to expand its industrial development strategy beyond Hyderabad to other districts. The government is engaging with industry leaders in the US, seeking their expertise, investments, and support for initiatives such as the semiconductor mission. The goal is to create a conducive environment for investment and innovation, driving significant growth in the IT and industrial sectors.

IVCA GreenReturns Summit lays out India’s climate investment roadmap

EntrackrEntrackr · 13d ago
IVCA GreenReturns Summit lays out India’s climate investment roadmap
Medial

The Indian Venture and Alternate Capital Association’s (IVCA) GreenReturns Summit 2025 concluded its two-day event, bringing together investors, policymakers, climate innovators and industry leaders to discuss India’s climate priorities and the investment pathways required for a resilient, low-carbon future. The summit showcased India’s climate-tech ecosystem through startup presentations, sector deep-dives and discussions on financing instruments for clean energy, climate resilience and industrial decarbonisation. Investors and founders emphasised the need for stable policies, demand-side efficiency solutions and innovations that reduce the energy intensity of growth. The gathering also highlighted India’s approach to sequencing climate action by prioritising resilience, strengthening domestic capabilities and leveraging innovation to drive a transition that supports economic growth, job creation and sustainable development. The IVCA GreenReturns Summit 2025 served as a call for collaborative efforts between the government, industry and investors to build a climate-resilient, future-ready India. During the summit, SBI Ventures announced plans to launch its third climate-focused fund early next year. The fund will invest in early-stage and growth-stage climate startups, particularly those working on frontier climate technologies and AI-enabled climate innovations. The objective is to unlock new avenues of green growth and position India as a climate-solutions hub for the Global South. On the second day, Sundaram Alternates unveiled its ESG and Impact Report 2024–25, which presents a comprehensive view of the firm’s real estate private credit portfolio, its ESG integration practices, measurable environmental and social outcomes and the expanding role of private capital in accelerating India’s sustainability transition. In one of the sessions, Shri Pramod Rao, former Executive Director of SEBI and former member of IFSCA, spoke about how India’s financial markets are entering a transformative phase, where green bonds, social bonds and other impact instruments are becoming critical for mobilising private capital towards sustainability goals. The Indian Venture and Alternate Capital Association (IVCA) is a not-for-profit apex industry body promoting the alternate capital industry and fostering a vibrant investing ecosystem in India. The association is committed to supporting the ecosystem by facilitating advocacy with the Government of India, policymakers and regulators. It represents more than 500 funds with a combined AUM of over 350 billion dollars. These funds invest in emerging companies, venture growth, buyout, special situations, distressed assets, credit and venture debt, among others.

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