In a recent report published by consulting firm Capgemeni, India has now become top five destinations for innovations globally. Since February this year, innovation centres in the country has doubled to 16 and with this rate more are expected to come up within the next six months.
“India has been rising in the ranks of favourite destinations to open innovation centers. Our previous research identified eight innovation centers in India in July 2015. India has since seen eight more innovation centers open their doors,” it said.
The government has been advocating to encourage start-ups and encourage ‘Digital India’ concept in the last one year. Moreover, the government has also ensured that now there is ease of doing business in the country. Recently Apple also opened their innovation centre in the country.
Financial sector constituted 24 per cent of the newly opened innovation centres, ahead of 21 per cent from electronics and IT and 16 per cent from the manufacturing sector, it said.
Out of the eight new innovation centre that came up in India in the last six months, four came up in Bengaluru, making it the fifth global hub of innovation after Silicon Valley, London, Paris and Singapore.
By Atanu Kumar Das
