Industry body Nasscom seeks govt help for super innovation units

Industry body Nasscom has urged the government to support the engineering and R&D (ER&D) industry in making super innovation clusters in India.

“These clusters could be dedicated to the development of advanced manufacturing, electric vehicles, telecom- 5G security standards, healthcare, etc. It is necessary to identify a few hotspots in the country where academic research, talent, and start-ups can co-exist and create a holistic model to build India’s innovation capacity. Israel has achieved this, and Kerala is trying to emulate the model too,” said K S Viswanathan, vice-president (industry initiatives) at Nasscom.

Of the top-2,000 ER&D spenders in the world, about 48 per cent don’t have presence in India and are primarily from North America, Korea, Europe, and Japan.