FSID at IISc Launches Pravriddhi to Propel India as a Global Manufacturing Leader

Bengaluru, India – The Foundation for Science, Innovation and Development (FSID) at IISc has launched Pravriddhi, a pan-India Product Accelerator Program that unites premier Indian institutions and enterprises to develop innovative solutions through strategic partnerships and cutting-edge R&D. Conceived by FSID, Pravriddhi provides a platform for enterprises, academia and research laboratories, and investors to collaborate to drive innovation and new product development for a self-reliant India.

The Viksit Bharat 2047 vision projects India to reach a GDP of US$ 30 trillion by 2047, with 25 percent of this growth expected to be driven by the manufacturing sector. Pravriddhi aims to enable achieving this vision by promoting market-driven, design-led manufacturing and enabling India to innovate and compete on the global stage.

Prof Govindan Rangarajan, Director, IISc, stated, “As India strives to meet ambitious economic and industrial goals, challenges like import dependency, global competitiveness, and workforce readiness persists. With Pravriddhi, we aim to tackle these challenges by providing access to IISc’s world-class facilities, R&D expertise, and a robust network of strategic partners across India. By establishing innovation hubs nationwide, we intend to extend our proven program model to a broader audience, empowering diverse industries and fostering sustained economic growth and innovation across the country.”

The keynote speaker at the launch event, Vipin Sondhi, former MD & CEO, Ashok Leyland, JCB India, and Tecumseh India, expressed his excitement about Pravriddhi, describing it as a significant step towards building India as a Product Nation, aligning closely with the vision of the Atmanirbhar Bharat. He highlighted the importance of fostering a culture of innovation in India by introducing product development as a scholarly pursuit from an early stage. He further stressed that the collaboration between academia and industry is key to pushing the boundaries of research and innovation—an approach that lies at the core of Pravriddhi.

Prof B Gurumoorthy, Director, FSID, said, “Pravriddhi is being launched based on our experience in running an accelerator in the area of high-speed rotating machinery with support from the Ministry of Heavy Industry (MHI).”

Commenting on the program, Yogesh Pandit, Director - Product Acceleration, FSID, added, “We take pride in introducing Pravriddhi, which translates to ‘amelioration’, ‘growth’, or ‘progress’. Guided by Viksit Bharat’s vision, Pravriddhi catalyzes innovative product development by bringing together enterprises, investors, subject matter experts, and industry leaders to drive India’s transformation into a global manufacturing powerhouse.

Through Pravriddhi, we are planning to establish hubs of excellence across the country, each strategically designed to support research, development, and collaboration in the technology domain. These hubs will create a pan-India ecosystem for fostering growth and innovation by leveraging R&D infrastructure and expertise spread across the country, he added.”

Image Source: FSID, IISc