Our mission is to become USD 32 trillion economy by 2047: Piyush Goyal at IITM ‘Sangam 2025’

The Indian Institute of Technology Madras' (IITM) alumni association hosted the sixth edition of ‘Sangam 2025’ on July 4 and 5 in Bengaluru.

Themed at artificial intelligence (AI), innovation and entrepreneurship, the annual event organised ‘Startup Pitchfest”, which provided an opportunity to 20 deep tech and AI startups to pitch to more than 250 investors and venture capitalists.

The selected startups will also receive support from the IITM Innovation Ecosystem, which has incubated over 500 startups in this decade. The top three winners of the “Startup Pitchfest” were ‘Folium Sensing’, ‘Q-axis Motors’, and ‘Zentor Medtech’.

Also read IIT Kanpur launches “SBIF Innovators for Bharat” startup programme in collaboration with SBI Foundation

IITM Innovation Event: Guests

Piyush Goyal, Union Minister of Commerce and Industry, Government of India was part of the event, including V Kamakoti, director, IIT Madras.

Speaking at the IIT Madras AI event, Goyal remarked, “When all of us work together as a team, when we look upon the journey towards ‘Viksit Bharat’ as our journey and when we all contribute in that journey, when we look upon this as our duty to contribute towards making India a developed nation, truly that is when we can really see the Indian economy grow from a USD 4 trillion economy today to a USD 32 trillion economy by 2047, which is our slated mission, which is what every potential growth curve shows us if 1.4 billion Indians get together.”

Also read IIT Madras partners with Tamil Nadu government for research, innovation in agri-food sector

IIT Madras Alumni Meet: New launches

The technology institute also launched an “Entrepreneurship Course for IITM Alumni” by Ramesh Srinivasan, Partner, McKinsey. (Also please move it before guests since its a course launch - imp)

Authors Krishnan Narayanan and Venkat Ramaswamy launched their book “The Co-Intelligence Revolution: How Humans and AI Co-Create New Value”. Ambi Parmeswaran launched the book “Marketing Mixology: Four Essential Ingredients for Marketing Success”.

Aparna Chennapragada, chief product officer, experiences and devices, Microsoft, IIT M Alumni; Srinivas Narayanan, vice president (VP) of engineering, OpenAI, which released ChatGPT; Tarun Mehta, co-founder and CEO, Ather Energy, including other dignitaries also took part in the event.