It is no longer a secret to anyone that India is an emerging economic power and an increasingly important location for innovation. More and more multinational companies are increasingly locating their advanced research and development (R&D) operations in India to draw on the nation’s highly trained scientists, engineers, and managers. In the process and despite the many challenges India is changing from a locus of low-cost contract research and reverse engineering to a global center of high-value, indigenously generated innovation. In this session we would like to discuss with our panelist about the current state of Innovation in India.