New Delhi, Jun 30 (PTI) Innovation, ideation and product creation can position India as a hub for future technologies, Software Technology Park of India (STPI) DG Omkar Rai said on Tuesday.

He was speaking at a webinar organised by PHD Chamber of Commerce and Industry.

Also Read | GST Day 2020: History and Significance of The Day That Commemorates Introduction of 'One Nation, One Tax' Regime in India.

"...we have to indulge in ideation and product creation...tomorrow's technologies...so India becomes a hub where future technologies are evolved and developed," he said.

Rai noted that domestic IT industry is building new products and services through innovation.

Also Read | National Chartered Accountant Day 2020: Know Date, History And Significance of The Day Celebrated to Honour CAs Across The Nation.

He further called for intensive research and development in Indian products with strategic coordination between industry, academia and government to achieve the objective of self-reliance.

Tata Sons Private Limited Group Government Affair Officer Tanmoy Chakrabarty stressed on the importance of creating manufacturing clusters in India and lauded the initiatives taken by the government in this regard.

Chakrabarty said there is a huge scope in Indian domestic market, and that the current environment offers a compelling proposition to opt for 'Vocal for Local'.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)