There is potential to innovate and create traditional as well as new-age products. The challenge is to institutionalise innovation and build business cases to secure it. India has the capacity to produce at scale; still, we can probably do much more in the innovation space when it comes to designing products in the engineering domain. Companies need to drive innovation and build solutions for it, and bring in accelerators to descend their tomorrow faster.
Here are some examples of organisations that are encouraging innovation and making it work for the Indian market. “We work on five themes for customers, of which software-defined systems is a key element. Our early innovation in this direction is a software-defined radio. Equipped with fully programmable information, the radio is being used for military communication. It is particularly handy in difficult terrains,” said Rajaneesh Kini, chief technology officer, Cyient, speaking virtually at the recent...