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R&D & Innovation

India rockets to 54th spot in world's most innovative nations list

In Bloomberg 2019 Innovative Index, India has debuted among the world’s most innovative countries and has grabbed the 54th position among 95 countries with a total score of 47.93 out of 100. The top 20 nations in 2019 Bloomberg Innovation Index are: South Korea, Germany, Finland, Switzerland, Israel, Singapore, Sweden, United States, Japan, France, Denmark, Austria, Belgium, Ireland, Netherlands, China, Norway, UK, Australia and Canada.

Indian motorcycle giant, Hero MotoCorp Set-Up Global R&D Centre in Germany

Indian motorcycle giant and the world’s largest motorcycle and scooter manufacturer, Hero MotoCorp, have announced their first R&D Centre in Stephanskirchen, Germany and is simply called the Hero Tech Center Germany GmbH. The centre will focus primarily in the development of new vehicles concepts and future technologies. This new facility in Germany will only help the company move further into creating newer products and maybe even bigger international markets.


Cabinet approved setting up of firm to market ISRO’s Research and Development (R&D) work

Union Cabinet has given its approval to the Setting up of a new company under Department of Space (DoS), to commercially exploit R&D work carried out by Indian Space Research Organization (ISRO) Centers and constituent units of DOS.  The cabinet decision will definitely encourage the private sector to indulge more in production of launchers and satellites.

Cabinet approves Continuation of Atal Innovation Mission

Cabinet has approved Continuation of Atal Innovation Mission (AIM), and for incurring expenditure up to Rs. 1000 crore (€125 million) till 2019-20 by Atal Innovation Mission for expanding Atal Tinkering Labs to 10,000 schools in view of their huge success at school level. The aim of the government's flagship initiative is to promote a culture of innovation and entrepreneurship in the country. 

India 2.0 plan: Volkswagen opens new R&D facility in Pune, India

Volkswagen, German multinational automotive manufacturing company, opened a new R&D facility in Pune as part of the group’s ‘India 2.0’ plan that calls for a Rs 2,000-crore (250 miilion euros) investment into R&D, helping enhance the local content in the cars to be sold in the world’s fastest-expanding major economy.