Latest news with #RajeshNambiar
The Hindu
3 days ago
- Business
- The Hindu
NASSCOM delegation discusses Andhra Pradesh's tech vision with Chief Minister Chandrababu Naidu
A delegation of the National Association of Software and Service Companies (NASSCOM) led by its president Rajesh Nambiar met Chief Minister N. Chandrababu Naidu at the Secretariat on Monday. They discussed the vision for positioning Andhra Pradesh (A.P.) as a leading global technology hub through innovation, talent, and infrastructure. Mr. Naidu said in a message on 'X' that Andhra Pradesh was a compelling alternative to saturated hubs, offering a unique advantages for India's growing tech sector driven by Global Capability Centres (GCCs), Engineering, Research & Development (ER&D) and Artificial Intelligence. He stated that the Andhra Pradesh Government's key initiatives that were deliberated include an AI, Quantum and GovTech Innovation Sandbox for real-world pilot testing, a 100K Tech Apprentice Program for bridging talent gaps, a Coastal Cloud & Cyber Corridor for green data infrastructure, and an Andhra - for - Bharat initiative aimed at scaling rural-tech solutions. The NASSCOM delegation comprised vice-president and Head of Membership & Outreach Srikanth Srinivasan, and Head of ER&D, Siva Prasad Polimetla.
Mid East Info
13-05-2025
- Business
- Mid East Info
Emirates NBD partners with Nasscom to drive cross-border FinTech innovation between the UAE and India - Middle East Business News and Information
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, signed a Memorandum of Understanding (MoU) with Nasscom, the premier trade association for the technology industry in India, to strengthen cross-border FinTech and technology innovation between the UAE and India. Signed at the Dubai FinTech Summit, the MoU underscores Emirates NBD's commitment to transform the region's digital banking sector by leveraging India's burgeoning FinTech ecosystem, projected to reach USD 1.5 trillion. As bilateral trade between the UAE and India continues to strengthen, climbing to USD 83.6 billion in FY2023-2024, this strategic collaboration will create a robust ecosystem to facilitate the scouting and onboarding of high-potential FinTech companies from India into the UAE market, while fostering joint research and knowledge sharing to drive innovation within the financial services sector. These innovations will result in enhanced digital banking capabilities, faster service delivery, improved personalisation and cost efficiencies that benefit Emirates NBD's retail and corporate customers. Miguel Rio-Tinto, Group Chief Digital and Information Officer at Emirates NBD, said: 'Our partnership with Nasscom is a pivotal step in Emirates NBD's journey to advance FinTech innovation. By forging a digital bridge between the UAE and India, we are poised to unlock a wealth of cutting-edge solutions that will enhance our customer experiences and drive the future of financial services. We are excited to collaborate with Nasscom and leverage the immense potential of the Indian FinTech ecosystem to unlock even greater value for our customers.' Rajesh Nambiar, President, Nasscom, said: 'This partnership between Nasscom and Emirates NBD marks a significant milestone in deepening cross-border collaboration between two of the world's most dynamic innovation ecosystems. By combining India's vibrant FinTech capabilities with the UAE's forward-looking financial landscape, we are setting the stage for a new era of co-innovation, digital transformation and inclusive growth.' With the UAE FinTech market forecast to reach USD 6.43 billion by 2030, this partnership positions Emirates NBD to capitalise on expanding opportunities within the region. By collaborating with Nasscom, Emirates NBD is leveraging expertise within the Indian FinTech landscape to accelerate the adoption of transformative financial technologies. It reflects Emirates NBD's ongoing commitment to innovation and its role as a key enabler of the UAE's digital future. About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
Time of India
07-05-2025
- Business
- Time of India
GCCs driving revenue that's the inflection point for them
Representative Image (AI) Sangeeta Kumar, CEO & MD, BNP Paribas India solutions Sangeeta Kumar, CEO & MD BNP PARIBA\ Rajesh Nambiar, President, NASSCOM Representative Image (AI) Sangeeta Kumar, CEO & MD, BNP Paribas India solutions Sangeeta Kumar, CEO & MD BNP PARIBA\ Rajesh Nambiar, President, NASSCOM Representative Image (AI) 1 2 3 Business impact – inflection point Rajesh Nambiar, President, NASSCOM Ecosystem collaboration We have often said on these pages, GCCs or global capability centres – the tech and operations arms of MNCs – are one of the best things happening for India right now. They bring lots of jobs, many of them high-quality jobs, they transfer a lot of tech skills to Indians that then enable local high-tech entrepreneurship, they raise the bar on compensation, they set up world-class office facilities, many work with our educational institutions to upgrade syllabi and collaborate on R&D, and some of them are beginning to move into our smaller cities, dispersing the growth how do we see this trend going forward? What will it take to accelerate the trend? These were some questions we discussed with a panel of leaders at the Nasscom GCC Summit in Hyderabad last before that, we also discussed how we got here. As Sangeeta Kumar, MD & CEO of BNP Paribas India Solutions, said, India built trust with global corporate leaders over a long period through sheer execution excellence – delivering projects without errors, on time, without data loss. 'There are a lot of controls and processes in which India teams have done really well. So anything that gets sent to India is delivered much better than it was being done elsewhere globally,' she Nambiar, president of Nasscom, noted that Indian IT services providers, and early GCCs like those of GE and American Express also played a phenomenal role in setting these standards, with practices like Six Sigma and Agarwal, India GBS leader for Warner Brothers, who had worked at American Express in its early days here, noted that there were no Bibles called standard operating procedures or workflows when work first came to India. Developing the fundamentals of process excellence, he said, took time – they had to take employees through the journey of ₹think process', ₹think failure modes'.This accomplishment increased the influence that Indian teams had over global leaders. And that allowed them, over time, to take on bigger global roles, leadership roles, and, increasingly now, take on projects that have a business revenue impact, Nambiar noted, is the inflection point for a GCC. The biggest benefit to a GCC, he said, comes when it crosses the threshold from being part of the cost equation to a revenue equation. 'If you're a CFO sitting in New York and you're looking at some of this, it's a no brainer. But the moment you get the attention of the CEO looking at the business side and saying that, you know, this is not just an outpost that you want to leverage from a labour and cost point of view, but this is an outpost where you want to truly leverage the talent, the expertise and truly integrate it with what the corporation is trying to do and provide a better value proposition to the end customers (then you get into a different trajectory),' he indeed what the more mature GCCs are doing today. Naveen Gullapalli, who leads US biopharmaceutical company Amgen's India technology and innovation centre, noted that the centre was set up as part of an enterprise scale exercise, to bring in talent at scale. 'Amgen is looking to serve double the number of patients that we're serving. And the way to serve that is through scale across our functions,' he said the rollout of Warner Bros' Max streaming platform was the big reason for establishing the Hyderabad centre. The centre helped build the platform and is helping roll it out. 'We are in 77 countries and we hope to be in every single territory or every single geography in the world. And that's where we see our Hyderabad office playing a pivotal role, in accelerating that. And that's the impact we are making from a revenue standpoint, because the faster we are able to roll out, the faster those markets are able to come on board, and faster those subscribers can view our content,' he noted that GCCs are today being leveraged to mine the massive amounts of data available to understand industry and customer trends, and thereby make critical front-end contributions. She also said that across insurance, banking and investment, mediumscale firms too are now pivoting to India, having seen the success of the large also noted that the ecosystem has been hugely collaborative, helping each other grow. Agarwal noted that Gullapalli had hosted Warner Bros' leadership team some three or four times to help them understand the opportunities in noted the role Nasscom plays, and said cross-sectoral GCC collaborations could be useful in dealing with common issues like transfer pricing and upgrading skills.
New Indian Express
25-04-2025
- Business
- New Indian Express
India's AI patent grant ratio much lower at 0.37% despite rise in filing
BENGALURU: While India has made steady progress in artificial intelligence (AI) related research and filings of patents in the several years, the country's patent grant ratio stands at just 0.37%, much lower than the US and even China. "While educational institutions are increasingly active in AI patenting, their filing to grant ratio remains low at just 1%, in stark contrast to the 40% grant ratio observed for corporates. This disparity in patent grants within the institutional arena underscores the urgent need to enhance R&D quality, institutional support and focus on building robust, high-quality IP (in this emerging technology space)," said Nasscom's annual Patenting Trends in India report titled, 'Patent Pulse 2025 – Decoding India's Ascent in AI Patent Landscape.' Rajesh Nambiar, President, Nasscom, said, 'While India has made good progress in strengthening its intellectual property regime, with increased filings and a more responsive Indian Patent Office, long timelines for patent approvals and quality patents remain key concerns when compared to advanced economies." He added that urgent steps are needed to expand this capacity to sustain and accelerate the improvements seen so far. Between 2010 and 2025, over 86,000 AI-related patents were filed, accounting for more than 25% of all technology patents in the country, the report said. About 63% of these AI patents originated in India, while 17% were first filed in the US, it added. Machine Learning (ML) remains the most widely used technique within AI patents, comprising over 55% of the total AI filings. Within this, Generative AI (GenAI) is emerging as a major driver of innovation, accounting for 50% of all ML-related patents. While GenAI accounts for just 6% of total AI patents globally, it represents 28% of India's AI patent filings—positioning the country among the top five globally in this domain, the report stated. Functional applications such as Computer Vision and Natural Language Processing dominate, contributing to over 90% of India's AI patent portfolio. Sectorally, transportation leads in AI innovation, accounting for more than 70% of all AI-related filings. The report added that India continues to maintain its fifth position in global patent filings, with the nation's patent-to-GDP ratio increasing 2.6 times— from 144 in 2013 to 381 in 2023. Growing at an annual rate of 149.4%, the country's share in total global patents granted increased over 2X to reach 3.8% in 2023 from 1.7% the previous year. The country saw over 90,000 patents filed in FY24. An all-time high of more than 100,000 patents were granted in FY24, a 3X increase over the previous year.
The Hindu
25-04-2025
- Business
- The Hindu
Over 86,000 AI Patents filed during 2010-2025, accounting for over 25% of all tech patents filed in India: Nasscom
Some 86,000 AI Patents were filed in India during 2010-2025, accounting for over 25% of all tech patents filed in the country during this period, said Nasscom on Friday. The country's pace of innovation has accelerated dramatically, with the number of AI patents filed between 2021 and 2025 being seven times higher than those filed between 2010 and 2015. Notably, 63% of these AI patents originated in India, while 17% were first filed in the United States. According to Nasscom data, Machine Learning (ML) remained the most widely used technique within AI patents, comprising over 55% of the total AI filings. Within this, Generative AI (GenAI) is emerging as a major driver of innovation, accounting for 50% of all ML-related patents. India's heightened focus on GenAI is particularly notable. While GenAI accounts for just 6% of total AI patents globally, it represents 28% of India's AI patent filings—positioning the country among the top five globally in this domain. Functional applications such as Computer Vision and Natural Language Processing dominate, contributing to over 90% of India's AI patent portfolio. Sectorally, transportation leads in AI innovation, accounting for more than 70% of all AI-related filings. Despite the impressive volume of innovation, India's AI patent grant ratio stands at just 0.37%—significantly lower than China and the US. While educational institutions are increasingly active in AI patenting, their filing to grant ratio remains low at just 1%, in stark contrast to the 40% grant ratio observed for enterprises. This disparity in patent grants underscores the urgent need to enhance R&D quality, institutional support and focus on building robust, high-quality IP. Improving India's patent grant ratio required a stronger focus on patent quality, streamlined IP processes, robust R&D, and a supportive policy framework that enhances protection and enforcement, Nasscom said in its recent Patenting Trends in India report. Rajesh Nambiar, President, Nasscom said, 'While India has made steady progress in strengthening its intellectual property regime, with increased filings and a more responsive Indian Patent Office, long timelines for patent approvals and quality patents remain key concerns when compared to advanced economies.'' Urgent steps were needed to expand this capacity to sustain and accelerate the improvements seen so far, he added. The apex body further said, India continued to maintain its 5th position in global patent filings, with the nation's patent-to-GDP ratio increasing 2.6 times— from 144 in 2013 to 381 in 2023 — signaling the growing importance of an innovation-led economy. Growing at an annual rate of 149.4%, the country's share in total global patents granted increased over 2X to reach 3.8% in 2023 from 1.7% the previous year, it said. Taking the lead position as a global innovation hub, India saw over 90,000 patents filed in FY24 — marking its seventh consecutive year of growth, Nasscom noted. This rise, led primarily by resident filers, highlights the country's expanding domestic innovation capabilities and the growing support from its innovation ecosystem. Interestingly, an all-time high of more than 100,000 patents were granted in FY24, a 3X increase over the previous year, reflecting both the improved efficiency of the Indian Patent Office and the rising quality of applications aligned with global innovation standards, revealed a survey conducted by Nasscom. In FY24, Indian resident filers accounted for over 55% of total filings, up from 52.3% in FY23, marking a 19% year-on-year increase. Educational institutions and SMEs emerged as key contributors to this growth, reflecting a more inclusive and maturing patent ecosystem. The surge in domestic patent filings—driven by increased participation from educational institutions, SMEs, and startups—signals a strong rise in grassroots-level innovation. This trend underscores the growing impact of India's IP awareness and support programmes. ends
