Indigenous Technology Transferred to Punjab and Telangana Startups to Boost Electronics Sector
In a significant move to promote self-reliance in the electronics sector, the Ministry of Electronics and Information Technology (MeitY) has transferred indigenous technology for manufacturing silver nanowire-based conductive ink to two startups in Punjab and Telangana.
The transfer of knowledge took place at NIT Warangal today, where the startups - M/s Chemicoco Technologies Private Limited from IIT Ropar and M/s Vasanthbala Functional Materials Pvt Ltd from NIT Warangal - received the technology. The development of this technology was funded by MeitY and jointly implemented by Prof. Sarang Gumfekar of IIT Ropar and Prof. Shirish Sonawane of NIT Warangal.
According to industry experts, silver nanowire-based conductive ink is used extensively in various applications such as flexible electronics, wearable devices, sensors, solar panels, and RFID tags. The technology has a significant market potential, with the global market projected to surpass $16.87 billion by 2032.
The Indian market for conductive ink, however, imports only a minimal amount of around $15,72,000 every year. Major exporter countries include the United States, China, Netherlands, the UK, and Taiwan.
MeitY has emphasized the importance of developing this technology in India to reduce its dependence on imports. "The transferred technology can significantly contribute to reducing our conductive ink import for advanced electronic material applications," said Shri Bhuvnesh Kumar, IAS, Additional Secretary & CEO, UIDAI, MeitY, and chief guest at the event.
Speaking at the occasion, startups are expected to set up large-scale manufacturing facilities for silver nanowires and conductive ink in the country. This move is seen as a positive step towards promoting self-reliance in the electronics sector and reducing our reliance on foreign imports.
As Minister of Electronics & IT, this initiative aims to unlock the potential of indigenous technology to drive economic growth and create employment opportunities. The event has generated excitement among industry experts and startups, who see immense potential for innovation and growth.