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Telangana may set up ‘world’s largest’ incubator for startups in defence

August 31, 2017 8:10 pm Category: SLIDER NEWS, TELANGANA A+ / A-

K T Rama Rao said it would be a step forward in leveraging indigenous capabilities of entrepreneurial youngsters.

IT MINISTER KT RAMARAOHyderabad: The Telangana government is mulling to set up an exclusive incubator for startups working in
defence sector, said state IT and Industries Minister K T Rama Rao said here on Thursday.

“We have series of discussions with the Scientific Advisor to Raksha Mantri (Defence Minister) and with
the support of Centre we will be launching a Defence Electronics and Defence focused incubator in
Hyderabad,” Rama Rao said in his inaugural address of “Deftronics-2017”, a two-day conclave of defence
and aerospace electronics industry.

“I think it would be an important initiative and a step forward in ensuring the completely leverage our
indigenous capabilities of our youngsters who wanted to come out with more and more success stories out
of India,” the Minister added.

He also said under the state’s “Innovation Policy”, the government is planning to develop a million
square feet work space to accommodate startups across different sectors.

“Possibly we are going to launch the worlds’ largest incubator by next year. This would be a 3.5 lakh
sq ft area facility accommodating 1,000 startups all at one roof,” he added.

He said the capital Hyderabad is shaping up as a hub for aerospace and defence manufacturing and there
are number of MSMEs working in these sectors.

“We are as a state eyeing almost 7.5 million of electronic products (manufacturing) by 2020. This is an
ambitious target in the next three years. I do believe that we are well poised. We also hope attract
almost USD 3 billion investments in the electronic system design and manufacturing (ESDM) space by
2020,” added KTR.

Earlier during the inaugural session, Scientific Advisor to Defence Minister G Satheesh Reddy said 80
per cent of the components being used in Akash Missile are manufactured by private companies.

A representative of India Electronics and Semiconductor Association said that the defence electronics
trade is expected touch USD 80 billion from the current levels of USD 20 billion.

Telangana may set up ‘world’s largest’ incubator for startups in defence Reviewed by on . K T Rama Rao said it would be a step forward in leveraging indigenous capabilities of entrepreneurial youngsters. Hyderabad: The Telangana government is mulling K T Rama Rao said it would be a step forward in leveraging indigenous capabilities of entrepreneurial youngsters. Hyderabad: The Telangana government is mulling Rating: 0
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