Sourcex India 2025 inaugurated at the Yashobhoomi Convention Centre, New Delhi

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The 3rd edition of Sourcex India 2025, organized by the Federation of Indian Export Organisations (FIEO) with support from the Ministry of Commerce & Industry, Government of India, was inaugurated on 26th March, 2025 at the Yashobhoomi Convention Centre, New Delhi. The event was officially inaugurated by Director General of Foreign Trade (DGFT), Government of India, Shri Santosh Kumar Sarangi.

In his keynote address, DGFT, Shri Sarangi underscored the importance of Sourcex India in fostering a robust ecosystem for promoting India’s foreign trade, particularly exports. He reiterated the Government’s commitment to supporting sourcing from India through various incentive schemes and initiatives such as Make in India, Startup India, and the Production Linked Incentive (PLI) Scheme. He highlighted that these efforts are aimed at enhancing manufacturing competitiveness, promoting the adoption of advanced technologies, and strengthening India’s position in global markets.

He further emphasized the role of digitization and ease of doing business in improving product quality and standardization, which are crucial for enhancing global acceptance of Indian goods. Additionally, he mentioned the Government’s ongoing efforts to explore new market access opportunities through Free Trade Agreements (FTAs) with key international partners to boost exports further.

Officiating President, FIEO, Shri Ashwani Kumar described Sourcex India 2025 as a landmark event that strengthens India’s position as a leading global supplier of high-quality products. He emphasized the importance of direct engagement between Indian exporters and international buyers, highlighting the event’s role in expanding India’s trade footprint worldwide.

With participation from over 150 global buyers across 45+ countries, including regions such as Africa, CIS, EU, LAC, NAFTA, NEA, Oceania, SA, SEA, and WANA, Sourcex India 2025 is a key platform for Indian exporters to engage with international markets. The event features participation from Indian companies across diverse sectors, including Food & Beverages, Health & Beauty, FMCG & FMCD, Apparel & Garments, Textiles & Home Decor, E-Commerce Services, and Logistics. Additionally, the event showcases the work of 10 National Award-winning artisans from across India, supported by the Office of the Development Commissioner (Handicrafts), Ministry of Textiles, Government of India.

SOURCEX-INDIA
In line with the vision of the Government of India, FIEO has launched “SOURCEX INDIA” (RBSM) in New Delhi from Coming soon!.

Sourcex India is India’s first Global Market Place for Indian brands to go global, covering both food & non-food FastMoving Consumer Goods (FMCG) as well as Services.

Sourcex India 2025 will help India companies to launch successful Indian brands to international markets. The event will also showcase India’s select services which have the potential to be franchised overseas.

For the event, more than 250 buyers from across the globe will be participating in the Event and will have their B2B meetings with Indian exhibitors. Reputed buyers representing big brands of Supermarkets, Hypermarket, retail chains and buying agents will be present.

Atal Innovation Mission and World Intellectual Property Organization sign a Letter of Intent towards building joint innovation programs in global south

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A high-level delegation from World Intellectual Property Organization (WIPO) comprising of Mr. Sherif Saadallah, Executive Director, WIPO Academy and Ms. Altaye Tedla, Head WIPO Academy visited NITI Aayog for signing of a Joint Letter of Intent (JLoI) between Atal Innovation Mission (AIM) and WIPO. The JLoI is aimed at building programs for Innovation, Entrepreneurship & Intellectual Property (IP) for countries in the Global South.

Shri Dharmendra Pradhan, Cabinet Minister for Education and Skill Development and Entrepreneurship in the Government of India graced the occasion with his presence. From NITI Aayog the dignitaries present included Shri Suman Bery, Vice Chairperson, NITI Aayog, Dr. V.K. Saraswat, Member NITI Aayog, and Dr. Chintan Vaishnav, Mission Director, Atal Innovation Mission.

Shri Dharmendra Pradhan Cabinet Minister for Education and Skill Development and Entrepreneurship, Government of India said “I am very pleased to see that India’s innovation ecosystem is going global. Innovation is India’s strength. This pathbreaking partnership between AIM and WIPO will take the best of India’s innovation models to countries that are on similar development trajectories, and will enhance understanding and awareness about IPR right from the school-level and unlock the innovation potential of the world as well as foster inclusive and sustainable economic growth.

Mr. Sherif Saadallah, Executive Director, WIPO Academy during his address said – “Intellectual property (IP) is a powerful catalyst for innovation and creativity, essential for addressing development of youth and achieving the Sustainable Development Goals. Our focus on youth is an integral part of our work to build a more inclusive global IP ecosystem, and our partnership with Atal Innovation Mission demonstrates WIPO’s commitment to ensure youth’s participation in innovation and creativity so that IP ecosystems are utilized by a wider demographic, fostering a more innovative and creative global economy.”

Last year, Mr. Daren Tang, Director General, WIPO had visited the AIM ecosystem and advocated for Atal Tinkering Labs (ATL) and Atal Incubation Centers (AIC) to be a good template for innovation and entrepreneurship through South-South cooperation. His observations prompted WIPO to invite Dr. Chintan Vaishnav, Mission Director AIM to showcase these flagship initiatives earlier this year in front of the member nations at the Committee on Development and Intellectual Property (CDIP) at the WIPO headquarters in Geneva, Switzerland. The agreement signed today has transpired from these conversations.

Speaking at the occasion, Shri Suman Bery Vice Chairperson, NITI Aayog said “WIPO’s recognition of India’s entrepreneurship development model is a proud moment for India and NITI Aayog which hosts the Mission. This deepens an already productive relationship between NITI Aayog and WIPO on national competitiveness”

As one of the specialized agency of the United Nations, WIPO is the nodal institution that releases the Global Innovation Index (GII) annually. As per the GII 2023 report, India had retained the 40th position of 132 economies featured in the GII ranking. As per WIPO Report 2022, India has experienced sixth straight year of growth in patent filing, posting the highest growth of 31.6% globally. Importantly, a substantial increase in resident filings was the main driver of growth overall in 2022.

Dr. V.K. Saraswat, Member NITI Aayog in his address underlined that, “In the last few years, India has made huge strides in its entrepreneurial journey in line with our international aspirations in this domain. This partnership between AIM and WIPO would help position India as a global leader in innovation, leveraging our vast talent pool and dynamic market to attract international investments. This partnership can be a game changer in fostering a culture of IP-led Innovation and hence safeguarding the future of our nation’s technological advancements.”

 

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NITI Aayog Unveils GearShift Challenge to Accelerate Zero-Emission Truck Adoption in India

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NITI Aayog, in collaboration with IIM Bangalore, Smart Freight Centre India, CALSTART/Drive to Zero, and WRI India, announced the launch of the NITI GearShift Challenge as part of the e-FAST India initiative. This pioneering hackathon aims to foster innovative business models for the adoption of zero-emission trucks (ZETs) in India, addressing the nation’s pressing economic and environmental challenges.

The NITI GearShift Challenge invites students, transport service practitioners, academics, and researchers to develop innovative business models that address financial, technical, and operational challenges in the adoption of electric trucks. The program has garnered participation from e-FAST India knowledge partners, financial institutions, and industry forums.

The hackathon will unfold in two rounds. In Round 1, teams will submit their initial business models addressing a specific barrier—technical, operational, or financial—supported by high-level strategies and research. Shortlisted teams in Round 2 will present detailed business models with an implementation roadmap, backed by both primary and secondary research. These proposals will be mentored by industry leaders to ensure practical and impactful solutions.

India’s freight sector is vital to the economy, ensuring the smooth delivery of goods to over 1.4 billion people. With road freight accounting for a staggering 55% of India’s annual diesel consumption and nearly 40% of CO2 emissions from road transport, there is an urgent need to transition to more sustainable solutions. The electrification of freight transportation is a key priority, as electric trucks offer a transformative opportunity to reduce emissions, improve air quality, and enhance energy security.

The GearShift Challenge marks a pivotal move towards sustainable freight transportation in India. By tapping into the creativity and expertise of participants, the hackathon aims to generate practical solutions that will accelerate the adoption of zero-emission trucks, thereby benefiting both the economy and the environment.