India can build anything, and its founders are starting to (opens the source in a new tab)
- Pixxel founder Awais Ahmed argues India must build rockets, chips and materials as well as apps, noting China’s share of world manufacturing rose from under 3% in 1990 to 32%.
- He points to the government’s ₹1 lakh crore research fund, whose first 19 managers have ₹7,131 crore committed. YourStory reports Prof. Ashok Jhunjhunwala telling TechSparks that India can develop any technology and should back young risk-takers.
- Inc42’s tracker says over 70 new-age tech companies are now listed, worth over $173bn combined, and over 60 are profitable.
- $173bn+
- combined value of listed new-age tech
- 70+
- tech firms already listed
- ₹1L cr
- government research fund
Why it matters Consumer apps made India’s startups rich; the next test is whether that money and patience flow into the physical things India still imports.
Other side Ahmed himself says deep-tech founders must meet rigorous standards, because patience is no licence for endless experimenting. Will results arrive as fast as the optimism?
Also read: Inc42: Indian listed new-age tech company tracker