The inaugural session of the annual event was attended by business leaders, research community, delegates from Finland and Japan and Indian Institute of Technology Delhi fraternity, including alumni who acknowledged the need to accelerate investment in innovation-led economy to boost growth and develop competitive advantage for India in the global market.
"India's national progress is crucially dependent on the science we discover and understand, on technologies we can create and manufacture, and on products our people can use and access. It needs innovation - both frugal and disruptive - and this discourse is to be imbibed by us in our system," said NITI Aayog member VK Paul.
Paul gave an example of the medical devices market, which is currently worth USD 7-8 billion in India.
"Seventy-five per cent of this demand is met by imports. However, considering the talent and potential India has, this market can be worth USD 50 billion in India and only innovation can achieve that," he said.
IIT Delhi Director V Ramgopal Rao said the role of academia which was earlier limited to focusing on education has changed now.
"The role of the industry primarily was to develop products and that of the academia to focus on education and research. But that's changing now. Academia is expected to develop products through innovation. Innovation has now been added to our mandate in a major way. Academia and industry need to collaborate on research and innovation on products which can benefit society," he said.
Industry Day, 2019, witnessed a placement session organized exclusively for the institute's PhD students in which 17 companies interviewNew Delhi: 'Plant-based' scrambled eggs, bioabsorbable cardiac
stents, water-activated powerless heating system and lighter bulletproof
jackets are among the 200 innovative products developed by researchers
at IIT here which were displayed at the third industry day on Saturday.
While
people queued up to grab a bite of 'plant-based' eggs, made using
lentils, which provide an alternative to non-vegetarian food without
compromising on taste, another team gave a demo of the biabsorbable
cardiac stents, which unlike metal stents that are currently used to
treat artery blockages, dissolve inside the body within five years.
A
bulletproof jacket for Indian soldiers, which would be 30 per cent
lighter than the jackets being used now, was also a hit among the
visitors who turned it into a selfie prop.
The inaugural
session of the annual event was attended by business leaders, research
community, delegates from Finland and Japan and Indian Institute of
Technology Delhi fraternity, including alumni who acknowledged the need
to accelerate investment in innovation-led economy to boost growth and
develop competitive advantage for India in the global market.
"India's
national progress is crucially dependent on the science we discover and
understand, on technologies we can create and manufacture, and on
products our people can use and access. It needs innovation - both
frugal and disruptive - and this discourse is to be imbibed by us in our
system," said NITI Aayog member VK Paul.
Paul gave an example of the medical devices market, which is currently worth USD 7-8 billion in India.
"Seventy-five
per cent of this demand is met by imports. However, considering the
talent and potential India has, this market can be worth USD 50 billion
in India and only innovation can achieve that," he said.
IIT Delhi Director V Ramgopal Rao said the role of academia which was earlier limited to focusing on education has changed now.
"The
role of the industry primarily was to develop products and that of the
academia to focus on education and research. But that's changing now.
Academia is expected to develop products through innovation. Innovation
has now been added to our mandate in a major way. Academia and industry
need to collaborate on research and innovation on products which can
benefit society," he said.
Industry Day, 2019, witnessed a
placement session organized exclusively for the institute's PhD students
in which 17 companies interviewed more than 70 students.
The
flagship event of the institute witnessed discussions and deliberations
by industry experts and academia on five thematic sessions, including
clean energy for sustainable economy and environment, sustainable
medical technologies, emerging nano and advanced materials, sustainable
environment and Make in India initiative.
Another special
feature was a session on "Women in Science" which saw discussions on the
need for gender parity in various science disciplines by women
personalities from various fields.
ed more than 70 students.
The flagship event of the institute witnessed discussions and deliberations by industry experts and academia on five thematic sessions, including clean energy for sustainable economy and environment, sustainable medical technologies, emerging nano and advanced materials, sustainable environment and Make in India initiative.
Another special feature was a session on "Women in Science" which saw discussions on the need for gender parity in various science disciplines by women personalities from various fields.