Latest news with #VijayKumarSaraswat
Time of India
3 days ago
- Business
- Time of India
'Viksit Bharat' not merely govt policy, but a collective aspiration: NITI Aayog's Saraswat
Synopsis Vijay Kumar Saraswat addressed EDII. He said Viksit Bharat is a collective aspiration. Entrepreneurs are primary architects of this vision. He inspired students about India's growing entrepreneurial landscape. He emphasized cross-cultural communication. Solutions must contribute to India's development. Seventy-four graduates received diplomas at the convocation. The event occurred at EDII's Ahmedabad campus.
Time of India
3 days ago
- Business
- Time of India
74 conferred degrees at EDII's 24th convocation
Ahmedabad: Vijay Kumar Saraswat, member of NITI Aayog and former secretary of the Defence Research and Development Organization (DRDO), on Friday said that the vision of Viksit Bharat, a developed India by 2047, is not merely a govt policy but a collective aspiration. It requires entrepreneurs to be its primary architects. Dr Saraswat was speaking at the 24th convocation of the Entrepreneurship Development Institute of India (EDII) at Bhat near Gandhinagar, where he was the chief guest. He also said that research is no longer an issue with India – we produce great research and researchers. However, the issue lies in producing translational research where the gap between research and implementation must be filled, he added. The event saw 74 students of courses including PGDM-E, PGDM-IEV, and the fellow programme receiving their degrees. Those present at the convocation included Rakesh Sharma, EDII president and CEO of IDBI Bank, and members of the EDII governing board.
Time of India
19-05-2025
- Business
- Time of India
India can emerge as global MCE hub with tech integration, says NITI Aayog member
New Delhi: India has the potential to establish a $25 billion plus export market in the Mining and Construction Equipment (MCE) sector by 2030, NITI Aayog Member Dr Vijay Kumar Saraswat said on Monday. Speaking at the Mining and Construction Equipment Summit organised by the CII Eastern Region in New Delhi, Saraswat said that the roadmap depends on India's ability to integrate advanced manufacturing with intelligent systems design, indigenize critical components, and align with international performance and emission standards. 'A multi-pronged strategy is essential—one that includes long-term demand visibility through infrastructure pipelines, accelerated adoption of Industry 4.0 practices, public–private R&D investments, and the development of a unified testing, validation, and certification ecosystem,' he said. The summit was held under the theme 'Redefining Boundaries, Innovating a Sustainable Future'. Ambassador of Brazil to India and Bhutan, Kenneth Félix Haczynski da Nóbrega, said Brazil's resource abundance and green energy ecosystem, combined with India's technological capabilities and industrial scale, offer natural synergies for bilateral cooperation in strategic sectors. 'This partnership can unlock new opportunities for sustainable development , enhance energy security, fostering a stronger economic and environmental partnership between the two nations,' the Brazilian envoy said. Ambassador of the Republic of Zimbabwe, Stella Nkomo, said Zimbabwe's rich mineral resources and India's technological expertise, advanced machinery, and capacity-building capabilities make for a compelling partnership. She said that mining is at the forefront of Zimbabwe's economic growth strategy and highlighted the opportunity to establish strong industrial ties that can generate mutual benefits and drive economic development. BEML Chairman and Managing Director Shantanu Roy said unmanned autonomous systems are now operational in sectors such as metro rail and mining. 'The paradigm shift brought about by automation in various sectors is evident in examples such as UTO-grade metro rail systems and AI-powered mining equipment,' he said. CII Mining and Construction Equipment Division Chairman and TKIL Industries Managing Director and CEO Vivek Bhatia said India is well-positioned to reduce reliance on imports and boost domestic manufacturing by leveraging existing resources in steel, hydraulics, and electronics. Coal India Ltd Director (Business Development) Debasish Nanda said the adoption of advanced technologies is essential for sustainable growth in mining. He said substantial investment in R&D is needed to create domestic underground mining equipment and improve extraction processes. Eastern Regional Council Chairman of the CII Mining and Construction Equipment Division and BTL EPC Managing Director Ravi Todi said there is an urgent need for domestic capability building, indigenisation, and public-private partnerships . Western Region Chairman of the CII MCE Division and Sandvik Mining & Rock Technology MD & CEO Manojit Haldar said the collaborative spirit at the summit has laid a strong foundation for advancing innovation, sustainability, and global partnerships in the sector. A senior official from the Ministry of Heavy Industries said, 'The development of an export-oriented and standards-compliant MCE manufacturing ecosystem aligns with the government's vision of strengthening India's role in the global industrial value chain.'
