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Last week, Indian tech start-up Zomato's Initial Public Offering raised over a billion dollars. This is a welcome new trend in domestic financing for start-ups in India, with more gaining unicorn status in the past year. It is also indicates a sector independent of Chinese backing. In this podcast, Amit Bhandari, Fellow, Energy and Environment Studies Programme, discusses the positive outcome of Press Note. 3 on the sector.
Courtesy: www.aithority.com
Altizon’s product uses machine data to help better business decision-making for its overseas manufacturing customer base. It particularly improves productivity, power and utilities consumption and predictive maintenance. Altizon is now in the prestigious Gartner Magic Quadrant, one of only 16 globally-recognised niche players for Industrial IoT platforms. It is getting attention from Indian SMEs.
Courtesy: BITS Pilani
In June 2019, BITS Pilani became the first academic institution, globally, to offer a Master’s programme in Digital Manufacturing. The programme, currently open only to working professionals, focuses on developing an expertise in the manufacturing of the future including Industrial IoT, additive manufacturing, big data analytics, industrial cybersecurity, and logistics and supply chain optimisation. The ongoing pandemic has exponentially increased digital adoption, increasing the demand for the study of digital manufacturing within corporate India.
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A ransomware attack recently targeted Kaseya, a software services company in the U.S., for $70 million, incapacitating hundreds of its clients globally. There is an increasing incidence of such attacks, with perpetrators targeting government agencies and high-tech companies, leading to considerable economic losses. How can governments mitigate these threats and attribute responsibility to those accountable?
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For years, Western countries have used sanctions as a means of economic warfare against their adversaries. Now, China and Russia are utilising the same tactic against the West. The United Nations Security Council is paralysed by differences between the five permanent members, leaving the tools of unilateral sanctions and counter-sanctions to proliferate at the cost of UN-approved multilateral sanctions.
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Gateway House and the Embassy of Italy in New Delhi co-hosted the India-Italy Round Table on Energy Transitions. Indian and Italian companies involved across in the energy ecosystem came together to discuss potential collaborations. India is energy dependent and Italy has an innovative energy industry. The two countries can partner on new technologies, trade, financing mechanisms and to update regulations for a new energy era.
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With the U.S.-led Artemis Accords gathering momentum, and China and Russia joining hands, space exploration is becoming economically important. Countries increasingly want to participate in the space exploration economy and are partnering with space superpowers that have aligned geopolitical and geoeconomic interests. India, too, must do the same, says Dr. Chaitanya Giri, Fellow, Space and Ocean Studies Programme.
Courtesy: Reuters
On 23 June 2021, Gateway House hosted the Interim Meeting of the Quad Economy and Technology Task Force. Lisa Curtis and Surjit Bhalla, co-chairs of the task force, explain how the Quad can scale up economic and technological collaboration and pool resources to counter Beijing’s plans to dominate supply chains and global tech.
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Big Tech is powerful and its profits are growing - by 105% over the last year. It dominates economies. This raises concerns about data protection and privacy, anti-trust, fintech and the specific role of intermediaries. India is leading the way on fintech, but is behind several countries and institutions on digital rules. It is important to establish laws and rules to govern technology – whether domestic or through multilateral bodies – with the aim to strike the right balance between innovation and regulation.
Courtesy: www.mmindia.co.in
India’s space reforms have the potential to boost India-Taiwan space relations beyond the pure scientific domain. The two countries have the potential for collaboration between space start-ups, joint ventures, investments, and technology and infrastructure-sharing. This article highlights the scope for India to establish Track 1.5 and Track 2 space diplomacy with Taiwan.