Many companies at the 2013 NAB show were showing LTO tape archiving technology. The LTO Consortium had a popular exhibit at the 2013 NAB promoting the new LTO 6 tape standard.
One of the weaknesses of Indian industry is that in many areas. . like consumer goods. . it is very fragmented. Individually, the companies might not be able to survive. What is needed is a consortium of like companies in one industry, presenting a strong front to the multinationals. The Swiss watch industry did this.