Bangalore, Mar 08, 2010: The second edition of the EmTech India 2010 was inaugurated today in Bangalore. The first edition of this premier event happened in New Delhi last year.

The event was inaugurated by Mr. Pradeep Gupta, Chairman, CyberMedia, Mr. Narayana Suresh, Group Editor, Technology Review India and Mr. Jason Pontin, Editor in Chief, Technology Review.

In his inaugural speech Mr. Gupta, said India is at a cross road of innovation. “We are living in a very exciting time and people are looking at how things can be done in an exciting way.”

Narayanan Suresh said EmTech is a platform where technologies are brought face to face.

Mr. Jason Pontin was full of praise for India and said the country is finally emerging as a developer of branded technology both for the local and the world market.

In a panel discussion, Mrs. Kiran Mazumdar-Shaw, Chairperson of Biocon said India should focus on innovation that is affordable. She was part of the “Activating the Innovation Gene, which also had Dr. Andreas Kirchner of the Federal Ministry of Education and Research of Germany.

Mrs Mazumdar said as a growing country India should first give priority to affordability. “India has to identify its grand challenges and focus on it exclusively. In my company, innovation is based on affordability. That we have a lot of patients from the lower strata of the society, innovation to help them should be affordable for them.”

Dr. Andreas Kirchner said, “We have cooperation with India. German research institutes are looking for potential in India. India with its success stories is a good power to associate with. Tie-ups are key to meet global challenges. Innovation has to be affordable. India has a feel for adoption of new technologies.”