'T-Works' expected to come up by next year, says KTR

Image
Press Trust of India Hyderabad
Last Updated : Dec 05 2017 | 6:50 PM IST
Telangana IT and Industries Minister K T Ramarao today said 'T-Works', an incubator for e-hardware startups, is expected to come up by the next year.
Speaking at the '17th India Design Summit' organised by CII here, the Minister said "T-Works will allow entrepreneurs to collaborate and create new offerings in the filed."
He said currently, collaboration and open sourcing are making an unprecedented opportunity available for hardware entrepreneurship as it did for software based entrepreneurship a few years ago.
The two-day summit is organised by Confederation of Indian Industry along with the National Institute of Design and the Telangana government.
The minister also gave away the CII Design Excellence Awards 2017 to the winners.
Naushad Forbes, Immediate Past President of CII, and Chairman of India Design Council quoting statistics said India produces hardly about 5,000 designers every year whereas South Korea with just 3 per cent of India's population produces around 25,000 designers per year.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 05 2017 | 6:50 PM IST

Next Story