Noting that there is now a marrying of soft tech and hard manufacturing, he said a gap exists globally in coming together of it in robotics and precision manufacturing.
"The number of aircraft that need to be manufactured for just the demand in India is 7 times the capacity present at the two of the large plane makers or any of these other companies. India has a unique advantage to be able to complement and provide that additional capacity in aerospace," said Prakash in an interview while unveiling the 'Bengaluru Rising' report by UnboxingBLR Foundation during the Bengaluru Tech Summit event.
Though traditional companies have mainly focused on these spaces, Prakash said a lot of entrepreneurs and venture capital firms are expected to tap these areas and put in investments.
This story is from the November 26, 2024 edition of Business Standard.
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This story is from the November 26, 2024 edition of Business Standard.
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