10 Jan 2022: PIB Summary & Analysis

TABLE OF CONTENTS

1. Global Innovation Index
2. National Innovation Week
3. PLI Scheme for Auto Industry

1. Global Innovation Index

Context:

Union Minister said India should be in the top 25 in the Global Innovation Index.

About the Global Innovation Index (GII):

• The GII is an index that provides detailed metrics about the innovation performance of 131 countries and economies all over the world.
• It is published by INSEAD, Cornell University, and the World Intellectual Property Organization (WIPO), along with other institutions.
• In the GII 2021, India was ranked 46.

Read more about the Global Innovation Index in the linked article.

2. National Innovation Week

Context:

MoE, AICTE and DPIIT organise ‘National Innovation Week’ from 10th – 16th January 2022 under Azadi ka Amrit Mahotsav.

Details:

• This Innovation week will highlight various initiatives undertaken by these agencies to spread awareness to promote innovation and entrepreneurship in India.
• 75 innovative technologies selected from various programs such as National Innovation Contest, Smart India Hackathon, YUKTI2.0 and Toycathon conducted by the Ministry of Education will participate in e-exhibition and demonstrate their innovations.
• Alongside the exhibition, there are full-day activities scheduled for 11th and 12th Jan comprising multiple keynote sessions and panel discussions on emerging areas related to innovation and entrepreneurship in HEIs and schools.
• The Innovation week will inspire young innovators to solve the problems faced by society through constructive ideas and address upcoming challenges.

3. PLI Scheme for Auto Industry

Context:

115  companies filed their applications under the Production Linked Incentive Scheme for Automobile and Auto Component Industry in India.

Details:

• The PLI scheme for the auto sector will incentivize high-value Advanced Automotive Technology vehicles and products.
• It envisages overcoming the cost disabilities to the industry for the manufacture of Advanced Automotive Technology products in India.
• Know more about the PLI Scheme for the auto sector in PIB dated Sep 15, 2021.

Read previous PIB here.

January 10th, 2022, PIB:- Download PDF Here