New Delhi: The world has quite successfully survived, then revived and now thrived by finding opportunities in the recent disruptions. Digitization and tech led innovations are taking centre stage to meet the needs of the present generation, while visualizing the aspirations of future ones.

An innovation ecosystem needs to cut across all functions of an organization be it manufacturing or marketing or even finance. Social impact innovation is another area where countries like India are leading the way.

Sanjiv Mehta, CEO and Managing Director, Hindustan Unilever Limited (HUL), President, FICCI, underscored that pandemic has been a great teacher and it has brought innovation to the centre stage. To become an economic superpower, India has to compete not only on cost, quality and service but also on innovation, he said during an event recently organized by FICCI.

Assessandro Lambrucchi, Managing Director, Kinetic Green-Tonino Lamborghini, highlighted that innovative input gives excellent output and for India to be an innovation hub the starting point can be by increasing in R&D budget and we can do it by increasing it 10 per cent a year.

Rajesh Rege, President, Honeywell India, highlighted that innovation is about the need to co-create and co-innovate and to be successful innovation needs to be open to partnership. /BI/