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India hot destination for Internet of Things, says top Qualcomm India official

  • A top Qualcomm India
    executive has said the country has great potential to leverage the Internet of
    Things “revolution”, and the company will invest in domestic start-ups that are
    contributing to the IoT ecosystem. 
  •  
    • A top Qualcomm India
      executive has said the country has great potential to leverage the Internet of
      Things “revolution”, and the company will invest in domestic start-ups that are
      contributing to the IoT ecosystem. 
    •  

    •  
    • “IOT is the third
      wave after mobile phones and smart phones. In this wave, there will be people
      connected to things, as well as things connected to things. I feel India is very
      well poised to tap the opportunities emerging out of IoT, because the
      challenges facing this technology are not many,” Dr Sandeep Sibal, Country
      Manager and Vice-President – Business Development, Qualcomm India & South
      Asia, told
      India Digital Review.
    •  
    • Sibal, who was in
      Delhi recently to participate in the IOT India 2020 Summit organised by BGR, said
      though questions remain on the immediate requirement of such technology, there
      was “no doubt that it can be of a lot of help to India”.
    •  
    • As an example, he
      said key resources like water and electricity were being wasted on a daily
      basis. Using IOT, the government can come up with systems that can reduce the
      pilferage.
    •  
    • “Take another
      instance – many of the anti-collision devices can benefit hugely from IoT
      technology. A car can stop automatically if a person comes within striking
      distance, when the driver fails to apply the brake on time. In a country like
      India, this can save so many lives as we have huge traffic issues,” Sibal
      explained.
    •  
    • As far as its focus
      on India is concerned, he said Qualcomm has reorganized internally to focus on
      customized chipsets optimized for IOT, as well as reference design programs.
    • Qualcomm is also setting up a Qualcomm Innovation Lab in
      Bangalore to provide technical and engineering support to small companies and start-ups, to help them come up
      with new IOT devices.
    • Sibal said the
      company will be investing about $150 million in Indian start-ups, and Qualcomm
      Ventures has already actively invested in LIFX, August, and Fitbit, among
      others.
    •  
    • “Through this
      investment, Qualcomm aims to fuel innovation and foster promising Indian start-ups
      who are contributing to the mobile and ‘internet of everything’ ecosystem. It
      will provide start-ups with financial, marketing, technology and business
      support to help propel them forward in the competitive Indian market,” Sibal added.

     

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