GMR Innovex launched to drive innovation across the group
To collaborate with startups, industry, academia and research institutions to foster innovation in the aviation industry
Hyderabad: GMR Group launched a new business vertical dedicated to fostering and driving innovation–GMR Innovex. It will focus on innovations across both digital and non-digital domains to deliver improved efficiency, better customer experience, and higher value to all stakeholders.
It will also create a structured mechanism to build creative ideas, nurture and foster them, and build a go-to-market strategy for all successful initiatives. It will provide an avenue for its partners to work on their ideas and bring them to a forum to validate. The advantage that this exchange brings in is that collaborators can also try their products/services at GMR Innovex across airports, air cargo, MRO, logistics, and other infrastructure sectors.
GMR Innovex will operate on an ‘Open Innovation’ model, acting as an ‘Innovation Exchange’ to partner with startups, corporates, innovation platforms, research institutions, and academia to bring innovative ideas and solutions to life.
A dedicated new facility for innovation has also been established at the Hyderabad Airport campus to act as a platform for various innovation activities by various collaborating startups, industry partners, and GMR employees.
GMR Innovex also announced innovation-focused partnerships with multiple new partners including Airbus; Plug and Play, Swedish Institute; T-Hub, IIT-Hyderabad; International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) and Schulich Business School (Business School of York University Located in Toronto, Canada).
Speaking on this occasion, Pradeep Singh Kharola, secretary, MoCA, said, “During Covid times the aviation sector was hard hit but has emerged stronger. Many new technologies took shape during this period and were all aimed at making the industry robust. The future of air travel is one of the passengers just walking through an airport in a fully paperless way.”
“GMR Airports has been the first airport to launch the e-boarding service and today 90 percent of passengers use this method. GMR Innovex will become an excellent hub to train talent for various specialized jobs across the aviation industry,” he added.
Somesh Kumar, chief secretary, Government of Telangana, said, “Today innovation has become a necessity. In the ever-changing and fast-moving world, we either invent or perish. Despite being a new State Telangana has a clear policy of innovation and is actively encouraging innovations. We are glad that GMR innovation is stationed in our State.”
GBS Raju, Business chairman – Airports, GMR Group, said, “We hope the diverse landscape of GMR Group will help our collaborators to experiment on a wide canvas which is very essential in any creative domain. Through GMR Innovex, we wish to position GMR as an innovation thought leader and lay the foundation for the next phase of our growth journey.”
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