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Why in news?

  • The first India ASEAN InnoTech Summit 2018, a two-day International Innotech Summit, exhibition, B2B and B2G meetings was held in New Delhi.
  • The theme of India ASEAN InnoTech Summit was: Accelerating towards innovative development.
  • It was organised by FICCI in association with the Department of Science & Technology (DST) and the Ministry of External Affairs to connect local and global research & development community for collaborative engagement.

Objectives of the summit:

  • Explore avenues of cross country partnerships with Indian R&D-based enterprises.
  • Capture global trends in technology management and strategy .
  • Advance progressive ideas for policy reforms and regulatory environment .
  • Create avenues for industry-academia-government partnerships .
  • Build capacities for market assessment and rapid commercialization of research .
  • Promote best practices in financing, strategy, and leadership .
  • Connect local and global research & development community for collaborative engagement .

Highlights:

  • Participating ASEAN member countries in this summit were Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam.
  • On sidelines of this summit, an exhibition to showcase best Indian Innovative Technologies, with potential implementation in ASEAN region was also organized.
  • Besides this summit also provided platform for B2G meetings i.e. one to one meeting with ASEAN delegation of ministers, advisors, and other dignitaries.

ASEAN:

  • ASEAN is regional intergovernmental organisation comprising 10 Southeast Asian countries, which promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration.
  • 10-member ASEAN comprise of Indonesia, Malaysia, Thailand, Singapore, Philippines, Vietnam, Myanmar, Cambodia, Brunei and Laos.
  • India is a full dialogue partner of the ASEAN.
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