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Union Minister Dharmendra Pradhan inaugurates second edition of IInvenTiv at IIT Hyderabad

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Shri Dharmendra Pradhan, Union Minister for Education and Skill Development & Entrepreneurship said that ancient India was the land for innovations and today, modern India, acting as Vishwa Mitra, is leveraging technology to bridge the gaps and reach new heights.  Destined to be Viksit Bharat by 2047, India aims to make research, innovation and entrepreneurship the key drivers of its transformation. The Minister stated this while delivering his keynote address at the inauguration of the second edition IInvenTiv, R &D Innovation Fair of Higher Education Institutions (HEIs) at IIT Hyderabad today.

Speaking at the inaugural ceremony, the Minister said that under the guidance of the Prime Minister, Shri Narendra Modi, India has taken a ‘Giant Leap in Innovation and Entrepreneurship’. He highlighted that the world now recognizes the Indian Model of Development, which is rooted, futuristic and focused on sustainable development. Our strength lies in recognizing the dynamics of both, market and welfare economy, he added. For this purpose, policymaking has shifted to the ‘Manufacturing Sector’outlining strategies and focus areas that need attention, Shri Pradhan said.

He further stated that the goal is to make India, a manufacturing hub which would contribute at least  25% to the country’s GDP as compared to 17% currently. Shri Pradhan highlighted that the government has focused on augmenting the manufacturing sector through important policy changes, such as ‘Make In India’, ‘ Invest in India’,  PLI Scheme, and FDI liberalisation. These initiatives will act as a catalyst in India becoming the third largest economy in the future and achieve the target of being a 5 Trillion Dollar economy, he added. The Minister called upon young innovators to seize the India moment for realising the goal of Viksit Bharat.

Shri Pradhan further added that innovation would be the determinant for the India’s growth story in the future, as our start-ups and human capital are changing the rules of the game. The recent passage of resolution by the US Congress extolling the contribution of IITians in enrichment of American society is a commendable example of Brand India’, he added.

The inaugural ceremony was also attended by Shri Sanjay Murthy, Secretary, Higher Education, Ministry of Education, and several other heads of leading academic institutions and industry leaders including Dr. BVR Mohan Reddy, Chairman, BoG, IIT-H and IIT – Roorkeee, Prof. B.S Murthy, Director, IIT-H, Ms. Nivruti Rai, MD & CEO, Invest India, Prof. S. Surya Kumar, Dean, Innovations, IIT -H and esteemed Directors and faculty members of HEIs graced the occasion.

The IInvenTiv-2024 R & D Innovation Fair will present a diverse array of innovative projects, showcasing a total of 120 groundbreaking initiatives from 53 esteemed institutes. The event is targeting five pivotal domains, including Affordable Healthcare, Agriculture & Food Processing, Sustainable Technologies including Climate change, E-mobility, Clean Energy, Defence and Space, and Industry 4.0, aligning with the thrust areas for Atma Nirbhar and Viksit Bharat. Additionally, this 2-day event is set to host five panel discussions on each of these domains, aiming to cultivate profound insights, facilitate knowledge exchange, and ignite collaborative dialogues among industry experts, academics, and innovators.

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