India’s tech news in November 2024
Also available:
Asia’s Tech News, Weekly
and
Critical Technologies, Globally
Lowy Institute: Asia Power Index 2024 report findings
- India: TakeMe2Space preps India’s first AI lab for orbit in December, aiming to demonstrate real-time data processing in orbit, making research more affordable and accessible / full item
- India: “The overall Indian public cloud services market is expected to reach $24.2 billion by 2028, growing at a CAGR of 23.8% for 2023-28.” / full item
- India: Central bank to launch a 2025 trial, offering cloud data storage to financial firms at affordable prices via domestic hosts, in bid to counter dominance of global firms / full item
- India: Dept of Science & Tech has selected 8 firms for support under Nat’l Quantum Mission and N’l Mission on Interdisciplinary Cyber-Physical Systems / full item
- Download: ‘Emergence of co-lending business models in India – Opportunity for FinTechs’ from PwC / full item
- India: A brief intro to the Society for Innovation and Entrepreneurship at IIT Bombay, a government-aligned initiative that has run for 20 years / full item
Deloitte: Finance 2025 revisited
- The India Venture Debt Report 2024 is available now: ‘Silent Bloom – Venture Debt’s Growing Influence’ / full item
- India: Addverb Technologies moves into robotics, unveiling 2025 plans for AI-driven, 5G-enabled humanoid robots for use in defense, retail, space and more / full item
- India: Kratos Gamer Network raised $10M, taking valuation to $500M, with Web3 solutions for gaming companies / full item
- India: PierSight preps Varuna satellite for in-orbit demonstration, aiming for 24/7 all-weather maritime surveillance / full item
- Download: ‘Skyways to the Future – Operational Concepts for Advanced Air Mobility in India’ from the World Economic Forum / full item
- SpaceX launched its first mission for the Indian Space Research Organisation, delivering a 4700kg satellite to orbit in the 3rd scheduled SpaceX launch in 24 hours / full item
- India is now planning to build a moon-orbiting space station by 2040 as part of roadmap to establish a long-term Indian presence beyond Earth orbit / full item
- India: Airbound drone delivery startup raises $1.7M, initially focusing on medical deliveries, and with sights on later expanding into sectors including food and groceries / full item
Indo-Pacific Studies Centre: Emerging Leaders Forum 2025
- India’s Tata Group seals JV with Taiwan’s Pegatron to Tata’s iPhone manufacturing, with Tata taking 60% and adding to Tata’s Karnataka and Tamil Nadu plants / full item
- India Accelerator, multi-stage fund-led accelerator and coworking space operator, launches $500K coworking facility in Pune, 5th-largest startup ecosystem in South Asia / full item
- India: ePlane Company eVTOL startup raised $14M, targeting manned air taxi testing by mid-2025 / full item
- Cyber fraud is mounting in India to the point where the Indian government estimates it could amount to 0.7% of the country’s GDP — over $14 billion — within the next year… / full item
Gartner: 2025 Top 10 Strategic Technology Trends
- India: Odisha state startup, Bon V Aero, launches Air Orca, a fully autonomous logistics drone service, focusing initially on post-disaster support and delivery services / full item
- Indian Coast Guard commences construction on $70 million Mahipalpur data center, connecting 109 offices and 88 ships / full item
- India: Gujarat rolls out India’s first dedicated state-level semiconductor policy, with expected jobs boost of up to 53,000 / full item
- An overview of the challenges North East India’s startup ecosystem faces, from funding to geography / full item
- Download: ‘Advancing India’s AI Skills – Programs and Initiatives Needed’ from NASSCOM & Deloitte / full item
- “…the semiconductor market in India, currently valued at $23.2 Bn, is predicted to reach $80.3 Bn by 2028.” / full item
- A deep dive opinion piece comparing developer costs in outsourcing tech work to India versus Vietnam / full item
India: “CBDCs can do whatever cryptos do. In fact, CBDCs have more benefits than cryptos, minus the risks associated with private cryptocurrencies” / full item
- Instant payments are rapidly replacing cash in developing markets… In India, the share is expected to decline from 23% of consumer spending to less than 10% by 2028. / full item
- Over the last decade Singapore has received the most investment from Australia overall, representing 52% of Australia’s outgoing tech investment. / full item
Indo-Pacific Insight: Critical tech, space, risk, geopolitics, supply chains…
