IndianWeb2
Home Indian Startups

India’s central government-owned manufacturer of telecommunications equipment, Indian Telephone Industries Limited, (ITI), has signed agreements with 58 startups and original equipment manufacturers (OEMs) covering manufacturing solutions related to information and communication technology (ICT), Internet of Things (IoT) and Defence technology, to give fillip to entrepreneurship.

The agreements, including 8 Transfer of Technology (ToT) agreements, were signed during the 1st edition of “ICT & IoT Start-up Tech Expo” on the sprawling premises of ITI in Bengaluru. Among the 400 startups, 58 have been shortlisted.

On the second day of Expo, ITI signed ToT agreements with eight companies — TEC, 3S Sensor, Nivette Sytems, Lekha Wireless, Quantum Storage, Innoworx, AGT and Cambium Networks.

The solution being offered by start-up companies include civil and military advanced radar systems, advanced edge router systems, next generation 5G technology products, data storage and networking solutions, digital security solutions, advanced metering solutions and WiFi products and solutions.

The agreements signed would help ITI to diversify its manufacturing capabilities in partnership with start-ups, thereby supporting the sustainable turnaround of ITI, which is country’s first Public Sector Unit (PSU) post-independence and premier telecom manufacturing company, founded in 1948.

The agreements were signed in the presence of Union Minister of State (Independent Charge) for Communications and Minister of State for Railways, Manoj Sinha, and Chairman, Telecom Commission and Secretary, Department of Telecommunications (DoT), Aruna Sundararajan.

“With more than 20,000 start-ups, India has the second largest ecosystem for start-ups in the world. Such events will provide an effective platform for start-ups to convert their innovative ideas into marketable products and services. Young India should serve India,” said Sinha.

The 2-days ICT & IoT Start-up Tech Expo in Bengaluru was hosted in order to enable startups and technology owners to discuss, discover and collaborate to convert their innovative ideas into marketable products & services in field of ICT & IOT. The event hosted around 500 technocrats and entrepreneurs from the ICT, IOT & Defence Sectors.

More than 100 reputed startups displayed their innovative products at the expo. ITI has been a pioneer in implementing government initiatives such as Digital India, Startup India, Make in India, Skill India. The expo also allowed ITI to proactively engage with startups so as to have a long term strategic alliance with a view to manufacture and offer best solutions in ICT and IOT segment.

Smt. Aruna Sundararajan, Chairman, Telecom Commission and Secretary, Department of Telecommunications in her address said “The draft National Digital Communications Policy 2018 emphasizes domestic manufacturing of digital communications equipment and components, and aims to introduce a Phased Manufacturing Program for identified product segments to accelerate the achievement of this goal. ITI will manufacture some of the innovative products that have emerged from this unique event. The new manufacturing initiatives of ITI, in partnership with the startups, should focus on creating Indian IPRs in the communications sector.”

Source – Press Information Bureau

Like this content? Sign up for our daily newsletter to get latest updates.

Every Venture Is Not About Capital !
Independent digital media & Free Press is supported solely by contribution from individuals like you. Unlike other digital media entities in India, IndianWeb2.com do not take a cent from investors or governments, so your contribution makes a big difference and helps us stay independent without any equity to investors --

Comments

comments