Union minister Jitendra Singh urges industry to accelerate commercialisation of Indian research
At PHDCCI’s annual session, the minister called for businesses to engage early in research projects, citing quantum communication and biotechnology as opportunities to build indigenous technologies.
Union Minister Jitendra Singh addresses the 121st annual session of the PHD Chamber of Commerce and Industry in New Delhi on Saturday, October 10, 2026.
NEW DELHI: Union Minister Jitendra Singh urged industry to increase its participation in research and accelerate the commercialisation of Indian innovations to strengthen technological self-reliance and support the country’s development goals for 2047.
Addressing the 121st annual session of the PHD Chamber of Commerce and Industry on Saturday, Singh called for closer collaboration among government, businesses, academia, research institutions and startups, according to a statement issued by the Press Information Bureau.
The Minister of State with independent charge for Science and Technology and Earth Sciences said India needed to move beyond adopting technologies developed elsewhere and create indigenous solutions with global applications.
Industry involvement should begin at the inception of research projects, he said, helping scientists understand market requirements and develop technologies with a clear route to commercial deployment. He urged industry bodies to connect researchers with businesses, facilitate investment and support the transition from laboratory research to prototypes and market-ready products.
Citing progress under the National Quantum Mission, Singh said India had achieved 1,000 kilometres of quantum-secure communication in three years against an eight-year target of 2,000 kilometres. He highlighted the strategic and security importance of building domestic capabilities in quantum technologies.
Singh said India’s bioeconomy had grown from around $10 billion in 2014 to approximately $196 billion, with a target of $300 billion by 2030. He cited the expanding biotechnology startup ecosystem as an opportunity to create businesses and economic value from scientific research.
Referring to the government’s Research, Development and Innovation initiative, he called for greater private-sector participation in R&D to translate scientific discoveries into commercially viable applications.
The minister also identified indigenous technologies and reliable energy supplies as essential to India’s ambitions in artificial intelligence, data infrastructure and advanced manufacturing.
He said policy reforms and private participation in the space sector demonstrated how an enabling environment could help scientific capabilities develop into business opportunities. Faster execution and the ability to scale successful innovations would be central to India’s next phase of technological growth, he added.
