Gopichand Katragadda, the founder of Myelin Foundry, and former CTO of Tata group says India has all the ingredients needed to innovate high-tech products for the world
India has the capability but still has a distance to cover and make an impact with globally recognised innovative consumer products.
Illustration: Chaitanya Dinesh Surpur
If you look at the Consumer Electronics Show (CES), one of the world’s largest and most influential technology trade shows that showcases cutting-edge consumer electronics and innovation from major tech companies, you’ll see a growing number of Indian product companies participating.
The show offers a platform for businesses to demonstrate their latest products and technologies, network with industry leaders, and gain exposure to a global audience.
At CES 2023, Indian companies had products on display, including advanced audio systems, AR/VR devices, and health care implant simulation software. At CES 2022, my startup Myelin Foundry had a video enhancement product on display, in addition to other products from India, including smart homes, smart metering and wellness.
India has the capability but still has a distance to cover and make an impact with globally recognised innovative consumer products. In industrial products as well, India has made a few contributions such as in commercial and passenger vehicles. Our defence exports are on the rise, touching $2 billion, and can grow ten-fold if innovation is added to our engineering capabilities.
India has even more in terms of raw capacity to deliver global-first products. It has several of the ingredients required to produce them, including an innovative talent pool and a growing market. There are, however, areas where India falls short, such as being a lead market with the spirit to fund and use new technologies.
(This story appears in the 24 February, 2023 issue of Forbes India. To visit our Archives, click here.)