Home / News

Business

  • 0

PANDEMIC HAS ACCELERATED THE DIGITAL GROWTH - Dr Rajneesh Agrawal Director, Software Technology Parks of India

PANDEMIC HAS ACCELERATED THE DIGITAL GROWTH - Dr Rajneesh Agrawal Director, Software Technology Parks of India

Jaipur: It is an indisputable fact that there is immense potential for digital growth in India. The latest technological innovations including artificial intelligence, the internet of things, 5G technology, augmented reality & virtual reality, cloud, robotics, digital payments, etc have unleashed a new opening for startups and entrepreneurs. The Covid-19 pandemic has accelerated the digitalisation. This was stated by Director, Software Technology Parks of India (STPI), Dr Rajneesh Agrawal at the inaugural session of the virtual edition of the '6th Digital Rajasthan Conclave' organized by FICCI Rajasthan State Council. The conclave was themed on ‘Strengthening Self-reliant India through Digitalization’.

Throwing light on the startup ecosystem of the country, Dr. Agrawal said that there is an investment of 40 billion USD in the startup ecosystem. In the year 2021, India became third-largest home for unicorns with 43 startups being listed in this category. More than 25 startups are in the ‘Soonicorn’ category which means that they will soon be listed as Unicorns. Mr. Agrawal added that the number of unicorns from India is expected to cross 100 in this year.

Underlining the schemes and initiatives of STPI for digital growth as well as nurturing startups in the country, Dr. Agrawal pointed out that STPI has established a 20 Centers of Entrepreneurship in Tier 2 and Tier 3 cities and 5 more such Centers are in the pipeline. An incubation Center for Startups is also being developed in Jaipur. He also spoke about Next Generation Incubation Scheme (NGIS) as a futuristic and comprehensive incubation scheme entrusted by Ministry of Electronics and Information Technology to STPI for implementation.

In his address, Vice President, Head of Government Affairs (India & South Asia) SAP India Pvt Ltd, Mr Uday Bonu talked about global mega transformation themes which will play a pivotal role in socio-economic transformation through digitization. Some of these themes included Integrated Mobility, Sustainable Energy, Circular Economy, Lifelong Health, Inclusive Cities, Global Supply Chains, among others.

Director – Advisory Ernst & Young, Mr Venkataramamoorthy Sreeramagiri shed light on the key areas impacted by Digitalization in his presentation. He enlisted five points which have helped India transform digitally – Quality Digital Education at Scale, Easy and Affordable Credit Access, Quality Medical Care, Cost effective Logistics and High Speed Internet.

While setting the context of the discussion, Chairman, FICCI Rajasthan Sub-committee on Entrepreneurship and CEO, Pinnacle Infotech, Mr. Bimal Patwari, said that over the years the initiative of Digital Conclave by FICCI has engaged and benefited multiple stakeholders in the IT industry as well as the startup ecosystem. He highlighted that even though the pandemic has accelerated the adoption of digitalization in India, there are some challenges that need to be addressed. For instance, re-training and re-deployment of the personnel is an inevitable task that needs to be undertaken.

Advisor, FICCI Rajasthan State Council, Mr. Ajay Singha extended the Vote of Thanks on the occasion.

The inaugural session was followed by two plenary sessions on the topics – ‘Strengthening Self-reliant India through Digitalization’ and ‘Leveraging Digital Leap for Socio-Economic Transformation by Startup Oasis’.

 

Previous News

Technology News

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Gurugram, India – October 11, 2023: Samsung announced exciting offers

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

Bengaluru, October 10, 2023  IN-SPACe (Indian National Space Promotion and

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

New Delhi, October 3, India- Philips India announces an exciting co

Latest Business News

SANY India partners with J&K Bank to provide financial solutions to its customers

SANY India partners with J&K Bank to provide financial solutions to its customers

Mumbai, March 13, 2024SANY India, a leading manufacturer of construction equipment, has taken a

Radisson Hotel Group strengthens footprint in Ayodhya with signing of 150-room Radisson Blu Hotel, Ayodhya

Radisson Hotel Group strengthens footprint in Ayodhya with signing of 150-room Radisson Blu Hotel, Ayodhya

Continuing its expansion plan in India, Radisson Hotel Group is excited to announce the signing of 150-room Radisson Blu Hotel, Ayodhya. A greenfie