India’s deep tech ecosystem is thriving with 3,600 startups addressing key global challenges like healthcare, climate change, and cybersecurity, highlighted at GITEX 2024.
India is becoming a major hub for deep tech innovation, with over 3,600 startups working on solutions to global issues like healthcare, climate change, and cybersecurity. This was emphasized by Veer Sagar, Chairman of the Electronics and Computer Software Export Promotion Council (ESC), at the GITEX 2024 event in Dubai.
More than 100 Indian ICT companies are showcasing their products across 12 pavilions at the event, representing India's expanding deep tech sector, which saw over 480 new startups in 2023. This growth reflects India's focus on tech solutions for societal challenges.
Sagar highlighted that this year's participation at the GITEX event will focus on showcasing India's strengths in deep tech areas like artificial intelligence(AI), blockchain, genomics, and cybersecurity. These technologies are seen as key for addressing modern challenges such as healthcare reform, sustainability, and the growing need for digital security. "Such technologies have the potential to solve complex problems that are central to today's development process," Sagar said.
The Indian companies at GITEX are presenting various high-tech products, including AI-powered solutions, cybersecurity tools, and advancements in sustainable technologies, fintech, and banking. These innovations are aimed at improving everyday life while promoting technological progress.
The India pavilion at GITEX was opened by Sunjay Sudhir, Indian Ambassador to the UAE, with remarks from Satish Kumar Sivan, Consul General of India in Dubai. Kamal Vachani, ESC’s Regional Director in Dubai, emphasized that India is not only embracing advanced technologies but is also becoming a leader in some areas of the ICT sector, thanks to its focus on research, development, and innovation. "India is no longer just a follower in technology but is emerging as a leader in various segments," he said.
Vachani highlighted the strong potential for business collaborations between India and the Middle East, especially in sectors like telecommunications, tourism, financial services, and real estate, which could benefit both regions.
He also encouraged investors, particularly venture capitalists, to explore India’s deep tech sector, where startups are offering innovative solutions with high potential returns.
As part of its push for international collaboration, ESC signed two agreements at the event. One was with the Veracity Group of Sri Lanka, while the other was with the Latvian Investment and Development Agency, both aimed at promoting trade and investment in India’s growing deep tech space.
With a strong presence at GITEX 2024, India is positioning itself as a key player in the global technology landscape, focusing on innovation and addressing some of the world's most pressing challenges through deep tech solutions.
(This article is a reworked version of a PTI feed)