Seminar on frugal innovation for sustainable development goals with CFI participation in Mumbai

CFI is happy to announce organisation of a seminar on frugal innovation as an enabler for the achievement of sustainable development goals (SDGs) in Mumbai on 25th Sept. 2019. The seminar marks continuation of the fruitful cooperation that CFI has forged with the German Centre for Research and Innovation (DWIH) New Delhi, and this is the third year running for our joint events. Dr. Stephan Buse and Dr. Rajnish Tiwari from CFI will deliver talks outlining the scope of frugal innovation and their potential contribution for societal and economic development for all relevant stakeholders, while Prof. Dr. Cornelius Herstatt will moderate a panel discussion.

The event is organised by DWIH, New Delhi together with the Indo-German Chamber of Commerce and will take place on Wednesday, September 25, from 9:00 AM to 1:00 PM in Mumbai. Details of the events are as follows.

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Featured publication: Scope of cooperation between India & Germany in the field of renewable energies with a focus on wind sector

CFI conducted a study on behalf of the Consulate General of India in Hamburg to investigate the potential of Indo-German cooperation in the wind energy sector. Abstract of this study can be found below. The study is authored by Dr. Sadhana Tiwari and Dr. Rajnish Tiwari and was published in February 2019.

Abstract

In 2015, India set itself a very ambitious task of expanding its installed base of renewable energies by more than five times to 175 gigawatt (GW) within seven years (by 2022). It was envisioned that 60 GW would be contributed by wind power. In 2018, the objective was revised upwards to 227 GW in total and 67 GW for wind power. The country needed such challenging goals to ensure an early, universal, and 24×7 access to electricity for all citizens.

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Featured publication: “Made in India for the World”

Made in India for the World: An Empirical Investigation into Novelty and Nature of Innovations

Authors: Daniel Tobias Hagenau, Rajnish Tiwari

Abstract: After an initial introduction into the areas of innovations within emerging markets, the study develops a consistent innovation typology for categorizing large data samples from a variety of existing literature. It then describes and finally evaluates a sample of 178 innovations for the Indian market based on 38 different criteria. It uses internet-based news reports over a 2 year timeframe for the study sample.

TLead Market Indiahe study’s results show a considerable amount of radical innovations and innovations with disruptive potential among the sample and a special concentration on small- and micro-sized innovators from India. It confirms previous suggestions that India is especially focused on innovations within the software and electronics engineering sectors. The results also support the importance of local knowledge and ‘social capital’ for successful disruptive innovation. Finally, a perceivable increase in the technology orientation of innovations by foreign companies suggests a continuous build-up of local technology-competence and foreign trust in the same.

A focus on local competencies and the leading position of India concerning innovative distribution are among the managerial implication of the study. It also opens numerous avenues for future research, expanding both depth and scale of the database as well as the analysis underlying this study.

[Check the publisher’s version]

[Read the unedited, authors’ version]

Keywords: Frugal Innovation; India; Innovation Typology; Disruptive Innovation; Local Competencies 

Suggested citation: Hagenau D.T., Tiwari R. (2017) Made in India for the World: An Empirical Investigation into Novelty and Nature of Innovations. In: Herstatt C., Tiwari R. (eds) Lead Market India. India Studies in Business and Economics. P. 163-192, Springer, Cham

The featured publications series

With this article, CFI is introducing a new series of “featured publications” with the intention to share its select contributions to the social and scholarly discourse with the broad community. Some of these article have been published in mediums that are not freely available to the public. In such cases, we will seek to provide access to unedited, authors’ versions of the publications, wherever feasible.