Kolkata: Continuing the sustained push towards self-reliance and cutting-edge innovation, Garden Reach Shipbuilders & Engineers Ltd. (GRSE) hosted the GRSE Accelerated Innovation Nurturing Scheme (GAINS) 2024 Funding Award Ceremony on Monday, April 7, 2025. The ceremony marked the official award of funding to Cloudmetica Technologies, an MSME, and IIT Guwahati Technology Innovation and Development Foundation, a start-up, for their pioneering solutions in shipbuilding and green energy technology, respectively.
Cmde PR Hari, IN (Retd.), Chairman and Managing Director, GRSE, presented the funding awards to Venkata Padmaja Karlapalem, Founder and CEO of Cloudmetica Technologies and N N Dutta, CEO, Technology Innovation Hub, along with Prof N R Mondal, Chair Professor, IIT Guwahati Technology Innovation and Development Foundation. RK Dash, Director (Finance); Cdr Shantanu Bose, IN (Retd.), Director (Shipbuilding), Abhishek Ranjan, IOFS, CVO, along with other senior GRSE officials, were present at the occasion.
GAINS 2024 was launched on July 10, 2024, by Minister of State – Defence Sanjay Seth, drawing 66 proposals from innovators across India. Following a rigorous multi-stage selection process, Cloudmetica Technologies and IIT Guwahati Technology Innovation and Development Foundation were declared as winners.
The event celebrated India’s brightest innovators, reinforcing GRSE’s commitment to fostering indigenous technological advancements under the ‘Make in India’ and ‘Start-up India’ initiatives. By recognising and funding breakthrough ideas, GAINS 2024 aims to revolutionise ship design and construction and green energy technologies, paving the way for a future driven by homegrown innovation, in keeping with the National goal of Aatmanirbharta.
