India’s technology news in August 2023 covered items and developments including India’s fast growth in space-tech, the country’s blocks on Chinese-made drone components, Foxconn’s moves to manufacture semiconductors in India, the country’s first foray into hydrogen powered coaches, and many more.
Hit the links for each Indian tech news item in full.
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Bain & Co / IVCA: India Venture Capital Report 2023
- India: Draft National Deep Tech Startup Policy released, seeking public comment on 9-point programme aiming to create a conducive ecosystem for the sector
- Download: ‘e-Conomy India 2023 – The economy of 1 billion connected Indians’ via Bain & Co
- Google for Startups Women Founders Fund to provide equity-free funding and support to women-led AI startups in India, Japan & Korea
- India: Gov’t restricts import of laptops, servers and other consumer-electronics, a move viewed as a bid to boost local manufacturing in an attempt to mirror success of previous, similar restrictions
- India to launch BRICS Startup Forum to boost collaboration and knowledge-sharing among startups, investors, incubators and entrepreneurs in BRICS member nations
“The Industry Ministers from Brazil, Russia, China, and South Africa also participated in the meeting, culminating in the adoption of a Joint Declaration.”
“Among the key points discussed were the imperatives of digitalization, industrialization, innovation, inclusiveness and investment within the BRICS countries.”
“The declaration highlighted the growing significance of Industry 4.0 and emerging technologies in driving digital transformation across diverse economic sectors.”
- India reportedly has barred domestic manufacturers of military drones from using China-made components over security concerns across communication functions, cameras, radio transmission and software
- India: New law passed, mandating how tech firms handle user data, raising censorship concerns from Editors Guild of India and Internet Freedom Foundation
- India: Taiwan’s Foxconn to increase investment in Telangana by $400M, possibly using in-development Kongarkalan facility for manufacture of AirPods and other accessories
- India: Garuda Aerospace drone maker inks partnerships with Israel’s Aero Sentinel and Titan Innovations, US-based Easy Aerial, and France’s Azur Drones, seeing opportunity in concerns over China’s DJI
- India-produced equipment for China’s Tiangong space station hits export license delay, seen as likely in part due to border clashes and national security concerns
India e-Conomy 2023 Report / Google, Bain & Co, Temasek
- India: A look at BoAt and Noise, Indian smart wearables brands looking at smart rings as the next wave of wearable tech in the country
- Taiwan’s Foxconn India arm announces close to $10BN annual earnings, accounting for more than 5% of Foxconn business globally
- India: Inaugural Assam Startup Fest 2023 set for August 23-25, aiming to showcase the northeastern state’s products and services to a wider audience
- India: Foxconn to commence iPhone 15 production in Tamil Nadu prior to the device’s September launch, marking steps to mitigate China-related supply risks
- India: Teleport raises $500K pre-seed funding with tech-based approach to smoothing visa applications for travelers
- India: Global Fintech Fest 2023 set for September 5-7 in Mumbai, with 800 speakers scheduled for the 3-day event
June 2023 Report: Critical Minerals for India
- India: Tech Mahindra IT and consulting major partners Spain’s Anyverse for computer vision solutions for autonomous driving tech, using AI to train, test and validate systems
- Indian Air Force awards major contract to Veda Aeronautics for domestically-produced drones focusing on swarm activities
- Reserve Bank of India launched pilot for Public Tech Platform for Frictionless Credit, with wide-ranging goals and future plans
- India: West Bengal New Town Kolkata Dev Authority partners Airchains platform to digitally record land ownership and mutation via blockchain, using 500,000 NFTs
- India: Reserve Bank unveils voice payments plan for UPI users, using AI-based speech recognition allowing users to give verbal instructions, with multi-language options in the pipeline
- India: BharatBenz and Reliance Industries unveil India’s first intercity coach powered by hydrogen fuel cell tech, claiming up to 400km on a single ‘charge’
CSIS: Securing Indo-Pacific Semiconductor Supply Chains
- India: NASSCOM launches Talent Connect platform to connect enterprises seeking digitally-skilled and certified talent for IT and non-IT sectors, with AI used to match candidates to jobs
- India: GalaxEye satellite-tech firm unveils Synthetic Aperture Radar to deliver high-res all-weather imaging via constellation, providing global coverage within 12 hours
- India: Ministry of Textiles to provide grant-in-aid of up to $5M for 18-month R&D to innovate in niche ‘technical textiles’ for industrial, medical, auto, aerospace and similar uses
- South Asian Australian Startup Founders List and Insights Report is now available, featuring 101 individuals who have collectively raised over $1.1BN and employ over 2200 people
Indo-Pacific Tech News, September 2023 edition
ASIA TECH DAILY
All-day tech news updates from across South & Southeast Asia and the broad Indo-Pacific region:
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Indo-Pacific Space-Earth Conference – October 23-24 – Australia
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