India’s central government-owned manufacturer of telecommunications equipment, Indian Telephone Industries Limited, (ITI), has inked deal with 58 startups and Original Equipment Manufacturers (OEMs).
These startups deal with Information and Communication Technology (ICT), Internet of Things (IoT) and Defence technology to boost entrepreneurship.
The agreements were signed during the first edition of “ICT & IoT Start-up Tech Expo” at ITI, Bengaluru. Among the 400 startups, 58 have been shortlisted.
The solution being offered by start-up companies include civil and military advanced radar systems, advanced edge router systems, next generation 5G technology products, data storage and networking solutions, digital security solutions, advanced metering solutions and Wi-Fi products and solutions.
The MoUs will help ITI to diversify its manufacturing capabilities in partnership with start-ups, thereby supporting the sustainable turnaround of ITI, which is country’s first Public Sector Unit (PSU) post-independence and premier telecom manufacturing company, founded in 1948.
“With more than 20,000 start-ups, India has the second largest ecosystem for start-ups in the world. Such events will provide an effective platform for start-ups to convert their innovative ideas into marketable products and services. Young India should serve India,” said Sinha.
The 2-days ICT & IoT Start-up Tech Expo in Bengaluru was hosted in order to enable startups and technology owners to discuss, discover and collaborate to convert their innovative ideas into marketable products & services in field of ICT & IOT. The event hosted around 500 technocrats and entrepreneurs from the ICT, IoT and Defence Sectors.
More than 100 reputed startups displayed their innovative products at the expo. ITI has been a pioneer in implementing government initiatives such as Digital India, Startup India, Make in India, Skill India. The expo also allowed ITI to proactively engage with startups so as to have a long term strategic alliance with a view to manufacture and offer best solutions in ICT and IoT segment.