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MIT India conference brings together innovators to focus on Modi’s ‘Start Up India’

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MIT India Conference
CAMBRIDGE, Mass. (Diya TV) — In an effort to celebrate the advancements in technology by Indian people worldwide, the Massachusetts Institute of Technology, in partnership with the MIT Sloan School of Management, and the local MIT community, hosted the inaugural “Startup India” conference on April 3.

Diya TV was an official sponsor of the event, which put a spotlight on the growing Indian startup market, recognized globally as the third-most active growing startup region — the South Asian nation boasts north of 4,000 startups, eight of which are valued at more than $1 billion. The U.S. and UK are one and two respectively.

Since taking on the reigns Indian Prime Minister, Narendra Modi announced several programs from, ‘Swacch Bharat’ to ‘Digital India’. In January the Indian government announced the ‘Startup India’ program, seeded by a $1.5 billion fund and a string of tax breaks, the program became the first such of its kind of be introduced by the country’s policymakers focused on entrepreneurs, investors, and startups companies.

The program was formally announced after Prime Minister Modi’s visit to Silicon Valley in Sept. 2015, where his announced focus was set on “startups, innovation & technology.”

During his visit, Modi also shared his ‘Digital India’ vision with the business heads of Apple, Google, Microsoft, Cisco, Qualcomm, Facebook, Adobe, etc.

Ashish Sahani, Research Fellow at Harvard Medical school

Ashish Sahani, Research Fellow at Harvard Medical school

Ashish Sahani is a research fellow at Massuchusettes General Hospital & Harvard Medical School and was thrilled to be at the event, he said “The amount of interest in the Startups in India is at an all time high. The entrepreneurial tide in India is very palpable and world is looking forward to us as the next economic superpower.”

Additionally, this year’s conference also featured innovative projects being developed by MIT students and researchers with potential application for India. Panels focussed from growing sustainably in complex markets to opportunities in social entrepreneurship.

MIT alumni have launched 30,200 active companies and have created more than 4.6 million jobs. As a direct result, these companies are generating roughly $1.9 trillion in annual revenues, and if MIT were a nation, it would possess the 10th largest economy in the world.

Aside from celebrating the achievements of Indians globally, the conference also provided a platform to discuss the future of collaborations between India and the rest of the world — speakers slated to make appearances included Arvind Subramanian, chief economic adviser, Government of India; Mukesh Aghi, President, US-India Business Council; Gururaj Deshpande, founder and chairman of Sycamore Networks and Ashish Hemrajani, founder and CEO of BookMyShow.com.

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Indiaspora releases 2021 government leaders list featuring over 200 members of Indian diaspora

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Indiaspora Releases 2021 Government Leaders List | Diya TV News

WASHINGTON (Diya TV) — Nonprofit Indiaspora released their list recognizing more than 200 members of the Indian diaspora who are leaders in their countries’ governments. The leaders span the globe, with more than 60 holding Cabinet-level positions.

More than 32 million people of Indian origin live outside of India, the largest diaspora population in the world.

After entertaining pitches from a number of Indian states, Karnataka Chief Minister B.S. Yediyurappa declared Tesla will set up its Indian production in his state. An electric vehicle pioneer, analysts forecast India could generate 5% of Tesla’s revenue in the next 5 years.

The late Indian American scientist Narinder Singh Kapany, the father of fiber optics, received a posthumous Padma Vibhushan, India’s second highest award. Singh died last year at the age of 94.

An Indian physicist’s revolutionary Black Hole research is turning 50 years old. C.V. Vishveshwara died in 2017, but his work lives on and continues to be honored. The Indian Association for General Relativity and Gravitation and The International Centre for Theoretical Sciences held an event in India to discuss the implications of Vishveshwara’s breakthrough. And now colleagues in his field around the world continue to be astounded at his research. Building off the work of Albert Einstein, Vishveshwara found that Black Holes had a structure, and if you banged on it, would vibrate like a bell. He first published this finding in the science journal “Nature.”

Ravi Kapur contributed to this report.

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Search continues for 12 yr old Arunay Pruthi lost at sea.

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One Month Since Arunay Pruthi’s Loss At Sea | Diya TV News

FREMONT, Calif. (Diya TV)  — It’s been a month since 12 year old Arunay Pruthi disappeared off the California coast. And while his family and their Fremont neighbors are devastated by his apparent loss, they continue to hold out hope they will find out what happened to the 7th grader. Pruthi was caught by dangerous surf at Cowell Ranch State Beach in Half Moon Bay and his father said he just drifted away. Despite hundreds of volunteers scouring the area, Pruthi hasn’t been seen since. There is a $50,000 reward for information leading to his discovery.

31 year old Ashwani Jain announced he’s running to become Maryland’s next governor. The Democrat recently ran unsuccessfully for Montgomery, Maryland City Council. He’s also a former Obama administration official.

Sean Desai made history, as he was named the Chicago Bears new defensive coordinator, making him the first Indian American ever to receive a coordinator job in the NFL. The 37 year old served as an assistant coach for several years before this promotion. Desai started his coaching career at Temple University, where he also received a doctorate in educational administration.

Ravi Kapur contributed to this report.

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UN: Avoid Pakistani airlines over fake pilot licence scandal

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UN: Avoid Pakistani Airlines Over Fake Pilot Scandal | Diya TV News

SANTA CLARA (Diya TV) — The United Nations is telling its staff and partner agencies to avoid flying on all Pakistani airlines as the country continues to deal with a fake pilot license scandal. The warning means UN staff in Pakistan will be unable to fly internationally or domestically with these airlines, creating a travel nightmare.

The National Football League’s San Francisco 49ers is increasing its stake in soccer club Leeds United to 37 percent. And Indian American Paraag Marathe has been tapped to become Vice Chairman of the English Premier League team. Marathe will lead day to day operations and be more involved in the decision making process. The executive is still the 49ers Vice President of Football Operations, essentially the right hand man to owner Jed York.

As more foreign companies turn their backs on the United States, China and India are taking advantage. Direct investment in the US by overseas companies plummeted 49 percent last year according to a recent study. China’s grew by four percent to $163 billion. In India, foreign direct investment skyrocketed 13 percent last year to $57 billion. Policies allowing more foreign companies like Ikea and Uniqlo to open stores and increasing the country’s manufacturing base are some of the reasons for this growth.

Ravi Kapur contributed to this report.

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