Discuss the various strategies that are required to boost the nascent Indian Deep tech ecosystem. (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 2 years
KEY POINTS
· In order to become a developed country in 25 years, India will need to build world-class deep tech capabilities in certain sectors.
· Certain innovations in the existing corporate social responsibility (CSR) budgets and high net worth (HNI) tax breaks will incentivise capital flowing into strategic tech.
· Globally, venture capital is cautious when it comes to Deep Tech. The Indian venture capital ecosystem is not even willing to discuss it.
· Deep Technology is almost always dual use. For example, position navigation timing technology such as GPS is needed for Google Maps and Uber but is also an extremely important aspect for fighter jet navigation and missile systems.
· Large corporations can be incentivised to use some of this budget to serve the strategic needs of the nation. The Government should allow these funds to flow into certain strategic tech startups.
· While the Prime Minister’s vision for an Atmanirbhar Bharat has created the right momentum, it will take close to a decade or more to fructify.
· If correctly aligned with the programmes launched by the Government, CSR funds and the right tax incentives it can create an almost self-fulfilling prophecy in the nascent Indian Deep Tech ecosystem.
PANDI SANTHOSH RAJA S 2 years
Kindly review
IAS Parliament 2 years
Good attempt. Keep Writing.
yogendra pratap singh 2 years
Kindly Review
IAS Parliament 2 years
Good attempt. Keep Writing.
K. V. A 2 years
Pls review
IAS Parliament 2 years
Good attempt. Keep Writing.
