TN on right track to achieving economic growth: DST official

CHENNAI: Tamil Nadu is on the right track towards achieving economic growth and the State is expected to perform consistently with a CAGR of 14 to 15 per cent every year.

Statistically, TN has been achieving a CAGR of 13- 14 per cent consistently in the past 10 years, except for the pandemic year, said Rajesh Kumar Pathak, Secretary, Technology Development Board (TDB), DST, GoI, at the 2nd edition of the conference on emerging technologies organised by the Tamil Nadu Technology Development & Promotion Centre of CII here on Friday.

“The TDP has played a key role in funding many large organisations of today in the past. These companies are set to revolutionise the very landscape of the Indian technology space”, he pointed out.

“As many may not be aware, we are still continuing to accept proposals from start-ups across industries under the space technology program. We are open to receiving proposals and are willing to help them either in partnering with them and/or assist them in funding. The quantum of funds is not the point but the viability of the proposal is what matters most”, he added.

Shankar Venugopal, VP-Head, Technology, IP and Technical Capability Building, Mahindra & Mahindra Ltd in his address said, “As much as many technology driven startups seek external funding, our very own managers in large organizations, should create mini-TDPs internally. We have to encourage ideas and seed fund them.”

Jabez Selwyn, SVP, Enterprise Group, Redington India Ltd highlighted Redington’s distribution network of 290 global brands they manage across 34 countries. In his special address, he said, “Today’s organisations irrespective of the industry they are in, should seriously invest and deploy resources in the areas of cyber security. Another area that is fast catching up is consumption as a service while, start-ups are also exploring hardware as a service.”