1.5 Lakh Maha Startups, 25% Industrial Output Drive Innovation Economy
Maharashtra’s Startup Ecosystem Driving Research-to-Enterprise Growth; State Among Top Innovation Hubs: Dr P Anbalagan at CII–HBNI Summit
The CII–HBNI Summit was held at Bhabha Atomic Research Centre and Chairman, Atal Incubation Centre, BARC Anushakti Foundation.
FinTech BizNews Service
Mumbai, May 28: Maharashtra is emerging as one of India’s leading innovation and enterprise hubs, backed by over 1.5 lakh DPIIT-recognised startups, strong industrial infrastructure, and growing investments in technology and entrepreneurship, said Dr P Anbalagan, IAS, Principal Secretary, Industries Department, Government of Maharashtra, at the CII–HBNI Research Scholars’ Summit in Mumbai. He said Maharashtra contributes nearly 14% to India’s GDP and around 25% of the country’s industrial output, while cities such as Mumbai, Pune, and Nagpur are driving growth in fintech, deep-tech, manufacturing, engineering research, and startup incubation. Dr P Anbalagan noted that the state’s expanding innovation ecosystem is accelerating research-led entrepreneurship, employment generation, and global competitiveness.
The CII–HBNI Summit, a Close door session, recently held at Bhabha Atomic Research Centre and Chairman, Atal Incubation Centre, BARC Anushakti Foundation. brought together leaders from industry, government, academia, startups, and research institutions to deliberate on strengthening innovation-led growth through deeper academia-industry collaboration. Discussions focused on research commercialisation, startup development, skill creation, and the role of innovation ecosystems in driving employment and enterprise growth.
CII–HBNI Summit Sessions highlighted that mentorship, incubation support, funding access, and industry exposure for research scholars can accelerate enterprise creation, skilled job generation, and technology-led economic growth and the need for stronger partnerships between educational institutions, startups, and industry to build future-ready talent and globally competitive enterprises. The summit also provided a platform for industry leaders to engage with emerging research talent, identify scalable technologies, and explore innovation-driven collaborations with commercial and industrial potential.
The inaugural session of the CII–HBNI Summit was attended by Prof U. Kamachi Mudali, Vice Chancellor, Homi Bhabha National Institute (HBNI),, CII Maharashtra State Vice Chairperson, Ms Aarti Kuchibhatla, Mr Bharat Agarwal, Chairman, CII WR Education Taskforce and President, Vishwakarma University, Dr Alpa Antani, Regional Director, CII AND Mr Martin Mascarenhas, Director, Beam Technology Development Group, Bhabha Atomic Research Centre and Chairman, Atal Incubation Centre, BARC Anushakti Foundation.
