India tops Asia in innovation chart

  • India has emerged as the most preferred destination for innovation in Asia and third biggest globally, with Silicon Valley of East Bengaluru leading the charge, says a research by global consulting major Capgemini.
  • “India has been ranked as the No. 1 innovation destination in Asia and No. 2 in the world for new innovation centres. 
  • Bengaluru, which saw the opening of three new centres between March and October this year and an announcement by Apple to establish a startup accelerator, leads the Indian challenge on innovation and is ranked 5th hub at global level.
  • Nine new innovation centres were opened in the country during the period, taking total number of innovation centres to 25. The US leads the list 1ith 146 centres, followed by Britain with 29 and India is at third palce with 24 centres.
  • The report said there has been noticeable activity in tier-II cities when it comes to innovation, and added that apart from Pune, which already existed on the global map, Jaipur has also entered the list with two new centres. “This is due in part to the government and other public sector initiatives that seek to establish India as a digitally empowered society and nurture innovation,”.

Source:India Today

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