“India has the potential and the resources to become the global technology innovation hub.’ Mr Kris Gopalakrishnan, Past President, CII & Co-Founder, Infosys & Chairman, Axilor Ventures

Bangalore, 19th August 2022: The 18th edition of CII’s Flagship India Innovation Summit has been reimagined as ‘Innoverge’ with the theme ‘Engineering Imagination’. The Summit will inspire collaboration and ideation by bringing a cross-section of stakeholders to engage, share, understand and learn about the futuristic and imaginative world of high-end innovations. CII Innoverge 2022 is scheduled on 25 – 27 August 2022 at Hotel Taj West End in Bengaluru. The Summit will present Innovation-led growth strategies that have catalyzed the evolution of Indian Industry, making Indian companies emerge as global leaders in creating the momentum to drive the digital era.

CII Innoverge 2022 is an enhanced version of the earlier editions and also includes showcasing of innovations through the Innoverge 2022 exhibition, which will provide attendees with the opportunity to experience the demos of leading innovations across various sectors.

Mr Kris Gopalakrishnan, Past President, CII & Co-Founder, Infosys & Chairman, Axilor Ventures said, “India has the potential and the resources to become the global technology innovation hub. For this, India undoubtedly needs to create a strong innovation ecosystem as part of its core strategy. An in-depth focus on innovation would lead to boosting existing sectors and frontier sectors that will drive the next economic growth. When linked to production and manufacturing, these innovation engines will fuel economic growth and create unprecedented and new avenues of employment prospects for India.”

This calls for interventions including transforming business processes, creating strategies for innovation, incorporating emerging technology tools like web 3.0, and quantum info systems and investment in R&D in emerging areas like healthcare, energy, data science, clean tech, space, manufacturing etc. Every organization, therefore, needs to cultivate individuals, teams and alliances that can constantly innovate new paths for creating value.

Mr Kamal Bali, Deputy Chairman, CII SR & President & MD Volvo Group India said, “CII has been advocating the importance of higher investment and more focus on innovation. Over the years the India Innovation Summit has become one of the leading platforms to deliberate on innovation strategies, to look beyond the present and discuss the future.”

The flagship summit is organized in Bengaluru, given the city’s strong connection with innovation and technology. With a strong foundation in tech-driven sectors established through the institutions and future-tech-based companies in varied sectors, and also with the availability of excellent resources, Bengaluru is well positioned to continue to drive innovation across sectors.

 Mr Ramesh Ramadurai, Immdt. Past Chairman, CII Karnataka & MD, 3M India Ltd said, “Innovation is the key element for various spectrums to emerge by adopting high-end technology to maximize business outcomes. The India Innovation Summit showcases an excellent overview of advances in various sectors such as healthcare, mobility, transportation, manufacturing and several more.”

Mr Arjun M Ranga, Chairman, CII Karnataka & Director, NR Group and MD, Cycle Pure Agarbathi, elaborating on the summit said, “Industry is performing at an all-time high globally and the sunrise industries in India are driving tremendous momentum. The India Innovation Summit will cover the current landscape, future growth areas including some of the current investments and incentives in India, venture capital and start-up activities and also focus on driving industry-academic partnerships”