The role of innovation to boost industrial competitiveness and growth needs continuous emphasis so that more and more companies, especially SMEs, come forward and adopt a structured innovation approach to do their business. Similarly, innovation driven enterprises need recognition and promotion so that not only they prosper, but their peers and competitors are also motivated to adopt innovation as the key driver for their business growth.
India is gradually recognizing the fact that growth propelled by industrial innovation has the power to revolutionize the economy dramatically, and positively impact the India's leadership role at the Global stage. With the employment requirement ever-increasing and the big industry houses nearing their saturation limit to create new job, innovation is the only way forward for India to sustain its economic growth, and provide jobs to millions of its young population.
The summit will portray newfound sprit within the industry driven by innovation and competitiveness, and also bring forth the opportunities of entrepreneurship in recent times by showcasing new technological growth trajectories.