• India is one of the top GHG (greenhouse gas) emitters in the world and must transition to a paradigm that de-links greenhouse gas emissions from economic growth
• Sustainability is a growing sector in India present on many corporate agenda’s and with support from the government.
• The main focuses are Mobility (Electric Vehicles & Charging), Energy Storage Systems, Agriculture, Manufacturing (Smart & Green), Decarbonization Technologies, Waste management, Sanitation & Water.
• Too many people in India still lack access to clean water, clean air and reliable energy.
• Collaborating with Corporates in India provides global opportunities beyond local market adoption.
• The healthcare industry in India is growing at a tremendous rate and more than $ 200 billion is expected to be spent on medical infrastructure by 2024.
• Healthcare has become one of India’s largest sectors in terms of income and employment, expected to reach 306 bn Eur by 2024 and to create 40 million jobs by 2030.
• The booming pharmaceutical sector is innovating and distributing life-saving medicines at the most affordable cost around the world. Valued at over US$35 billion a year, the pharmaceutical industry in India is the largest producer of generic medicines worldwide.
• India is also among the main biotechnology destinations in the world and is a leader in the global supply of DPT, BCG and measles vaccines.
• By 2024, the Indian Biotechnology industry is expected to reach 123 bn Eur from 51.5 bn Eur in 2020.
• By 2024, India is expected to have over 10,000 biotech startups (from the 3,475 in 2021) with a 19% contribution to the global biotech industry.
• Sectors like Power (24%), Highways (18%), Urban (17%) and Railways (12%) total about 71% of the projected infrastructure investments in India.
• India has the second-largest road network in the world, the world’s largest railway network in terms of passenger traffic and the fourth largest railway system, behind only the US, Russia and China.
• Currently, about 800 billion tons/km of freight and 2300 billion passenger/km are being handled by the Indian transport system, with the total transport demand growing at around 10 % a year in the last 10 years.
• The growing mobility market is expected to touch $90 billion by 2030. Taxi cluster revenue in India is expected to exceed $61 billion to date, transport revenue is expected to reach US$ 43.3 billion by 2025.
• India has 35 of the 50 most polluted cities in the world and Indian cities face one of the worlds highest levels of traffic congestion.
• In India, the logistics market is expected to reach around $255 billion by 2022, growing at a CAGR of 10.5% between 2019 & 2025.
• The parcel delivery market is not only large but dynamic, with growth rates ranging from 300% in developing markets like India.
• In the last few decades, India has evolved from the world’s center of IT outsourcing, services and business processes, to a major center of R&D, with more than 1200 global multinationals establishing their R&D centers in the country.
• The Indian startup ecosystem has gained a lot from actions such as the Atal Innovation Mission and the Department of Science and Technology led by Startup India and Niti Aayog.
• DeepTech solutions can form the foundation for future industries that emerging markets, such as India, need and require. Leveraging what these solutions offer to boost growth in some specific sectors is no longer an option but an undeniable need.
• India has countless opportunities and many initiatives to discover, promote and invest in startups applying Deep Tech to create solutions across sectors, as well as those applying next-gen technology that can address deep and complex challenges of inclusion and livelihoods in the country.
• Facing challenges when it comes to food, energy, water, healthcare, education and national security, deep technology that solves real-life problems in these areas represents a growing need in the country.
• Concerns around data localization are also genuine and growing, and one way to address this is to create an environment that allows Indian deep tech companies to flourish.
