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. India has even more in terms of raw capacity to deliver global-first products. The arrowhead for global-first products are corporations with an ability to invest in R&D and with innovation as their DNA. A combination of confident experts and youthful energy is critical for deep tech companies.A deep tech company is characterised by global-first products with a gestation period of more than five years.

Source: Forbes February 27, 2023 06:40 UTC