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Kerala Brings In Policy Initiatives To Promote Itself As Global GenAI Hub
Inc42
·
1y ago
Medial
The government of Kerala has introduced several policy initiatives to establish the state as a global GenAI hub. They plan to create an ecosystem that encourages partnerships and offers incentives. Kerala will formulate a dedicated AI policy aligning with ESG goals in the current fiscal year. Additionally, the Kerala State Industrial Development Corporation (KSIDC) will offer preferential share capital investment of up to INR 5 crore to AI entities with a minimum investment of INR 10 crore.
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Kerala to bring in policy to emerge as AVGC-XR hub; targets creating 50,000 jobs by 2029
Economic Times
·
1y ago
Medial
The Kerala government plans to establish a comprehensive AVGC-XR (Animation Gaming and Comics and Extended Reality) policy to position the state as a global hub in this cutting-edge technology domain. The policy aims to create 50,000 jobs in AVGC-XR and contribute at least 10% to the country's AVGC-XR exports. It also involves setting up incubation centers, labs, and a Center of Excellence in Thiruvananthapuram. Academic programs will be introduced to train professionals in various AVGC-XR fields. The government seeks input from experts, investors, and the public before finalizing the policy.
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MeitY Startup Hub and Startup Policy Forum announce collaboration to support startup ecosystem
YourStory
·
3m ago
Medial
The MeitY Startup Hub, under the Ministry of Electronics and Information Technology, has partnered with the Startup Policy Forum to foster innovation in areas like deep technology and AI. This collaboration aims to boost research, policy dialogue, and stakeholder engagement while supporting the Startup Policy Forum's initiatives through MeitY's extensive network. The partnership seeks to create new economic opportunities, establish India as a global tech leader, and cultivate a thriving technology ecosystem.
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Need to streamline policies to make India GCC hub: Official - The Economic Times
Economic Times
·
25d ago
Medial
India aims to streamline national policies to establish itself as a hub for Global Capability Centres (GCCs), currently localized in states like Karnataka, Tamil Nadu, and Telangana. Economic Affairs Secretary Anuradha Thakur suggests emulating successful state policies nationwide. With about 1,800 GCCs contributing significantly to the economy, expanding them to Tier 2 cities could enhance talent and infrastructure. Coordinating with states and leveraging global collaborations are seen as vital to promote employment and attract foreign companies.
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DPIIT joins hands with Startup Policy Forum to establish India as global innovation hub
Economic Times
·
7m ago
Medial
The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with the Startup Policy Forum (SPF) to bolster India's startup ecosystem and position it as a global innovation hub. The collaboration aims to empower innovators and entrepreneurs, enhance technology adoption, and promote manufacturing capabilities. Events like SPF Startup Baithak will facilitate international relationships and connect global investors with Indian startups. SPF includes major industry players like Razorpay, Cred, and Swiggy among others.
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Razorpay, CRED, Swiggy among 30 startups in Startup Policy Forum
Entrackr
·
8m ago
Medial
India’s startup ecosystem has gained a unified platform with the launch of the Startup Policy Forum (SPF), an industry alliance designed to promote collaboration between policymakers and leading ventures. SPF brings together 30 of India’s leading startups across varied sectors, including Razorpay, CRED, Pine Labs, Groww, OYO, Swiggy, Practo, Dream11, MPL, Cars24, CarDekho, Acko, Ixigo, Livspace and Jupiter. "Our startups are driving transformative change by democratizing business and converting job seekers into job creators. We are glad to see many founders joining the Startup Policy Forum (SPF), which should reinforce India’s global leadership in the new-age economy. The forum should play a pivotal role in India’s journey to become Viksit Bharat by 2047 under the visionary leadership of Prime Minister Shri Narendra Modi," said Piyush Goyal, Minister of Commerce and Industry. Founded by former Peak XV executive and public policy expert Shweta Rajpal Kohli, the Forum will do initiatives to promote India’s startup ecosystem on a global stage. The Forum will limit its members to 100 select startups in its initial phase. Over 30 rapidly growing startups have already signed up as members. These include companies like Razorpay, CRED, Pine Labs, Groww, Acko, OYO, Swiggy, Practo, Dream11 and MPL, Cars24 and Cardekho, CureFoods, Livspace, Ixigo, Ultrahuman, Digantara, Invideo, Jupiter, OneCard, Mobikwik, Yubi, platform Progcap, Bluestone among others. The Forum aims to foster constructive collaboration between founders, policymakers, and regulators. SPF will use the government’s initiatives to position Indian startups on a global platform. SPF has also established four specialized councils: the Fintech Policy Council (FPC), Consumer and Commerce Council (CACC), Emerging Tech & AI Council (ETAC), and New-Age Public Companies Council (NPCC). These councils will focus on critical areas within the startup ecosystem, collaborating closely with relevant regulators and stakeholders to address unique challenges and opportunities in each sector.
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What will it take for India to become a global data centre hub?
Livemint
·
5m ago
Medial
India aims to establish itself as a global data center hub, with significant investments driven by increased digital consumption, government initiatives, and AI growth. Reliance Industries plans to build one of the world's largest data centers, emphasizing green energy and a non-traditional location in Gujarat. While Mumbai dominates with 49% of India's data center capacity, tier-II and III cities are emerging due to lower costs and rising digital penetration. Energy efficiency and renewable power are crucial for sustainability.
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Madhya Pradesh unveils GCC Policy 2025 to attract global investments
YourStory
·
5m ago
Medial
Madhya Pradesh's new Global Capability Centre (GCC) Policy 2025, introduced by Chief Minister Mohan Yadav, aims to attract multinational companies and establish the state as a digital hub. With a focus on innovation, infrastructure, and incentives, the policy seeks to transform the state's industrial landscape, especially in IT and finance sectors. The upcoming Global Investors Summit-2025 will showcase this initiative, aiming to elevate Madhya Pradesh as a prime destination for global GCC investments.
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India leads in GenAI adoption, investment trends likely to rise in coming years: report
Economic Times
·
1y ago
Medial
India is leading the global adoption of Generative AI (GenAI) technologies, with 81% of Indian organizations implementing GenAI, according to a report by search analytics firm Elastic. The report surveyed 3,200 IT decision-makers and influencers across the US, Europe, and Asia-Pacific, with 300 from India. It also revealed that 94% of respondents expect increased investments and budget allocations towards GenAI initiatives in the next 2-3 years. However, 99% of respondents expressed concerns about processing and using their data, emphasizing the need for organizations to work with GenAI providers who prioritize data security.
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Govt To Introduce A ‘Single’ Platform For Startups, VCs To Ensure Better Collaboration: Priyank Kharge
Inc42
·
1y ago
Medial
The Indian state of Karnataka, particularly Bengaluru, remains the country's top startup hub despite a decline in funding. The state government has disbursed over INR 50 crore ($7 million) as grants and supported 208 startups in the past six months. Beyond funding, Karnataka provides support to startups through initiatives like the Global Innovation Alliance-Market Access Programme (GIA-MAP) and a public procurement policy for sourcing from startups. The government is working on strengthening the AI ecosystem in Bengaluru and attracting investments outside the state capital through its Beyond Bengaluru program. Additionally, outdated policies and excessive taxation on startups are among the challenges that need to be addressed.
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Wipro GE Healthcare to invest Rs 8,000 crore in India; Key things to know
IndianStartupNews
·
1y ago
Medial
Wipro GE Healthcare plans to invest $960 million in India over the next five years to enhance local manufacturing and research and development (R&D) initiatives. The investment aims to support the 'Make in India' initiative and position India as a global hub for medical technology (MedTech). It will involve manufacturing and exporting products such as PET CT scanners to 15 countries. The investment is expected to generate 400,000 additional labour hours and strengthen India's position as a MedTech innovation and manufacturing hub. Wipro GE Healthcare currently operates four manufacturing plants in Bengaluru.
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