India ranked No. 1 innovation destination in Asia

Global names, including Cisco, Qualcomm Technologies, general Electric 3M and London-based Internet of things consortium Hypercat have presence in the country today, the report said.

The footprint in smaller cities was attributed to the IoT policy for 2016-2020 and the government’s startup India initiative launched early this year.

With presence in Bengaluru, Hyderabad, Jaipur and Pune, the country accounts for 27 per cent of Asia’s new innovation centres and is home to a tenth of new global innovation centres.

From Agencies, Feature image courtesy wp.com/