Innovation: Need of the Hour for Indian Manufacturing
By Rahul Kamat,
Added 18 April 2023
Many companies manage to achieve success in a quick span of time, but lack of innovation prevents them from replicating. Innovation remains a challenge for Indian manufacturing sector. It is encouraging that India has jumped to 40th rank in the global innovation index. There should be more bridges, links or partnerships between academia, industries and policymakers to facilitate R&D, support talent, cement gaps and come up with new ideas.