The three-day summit, from February 23 to 25, is being held in Goa and aims at creating a pool of a highly-skilled workforce in the country.
It will provide Indian students with a head-start on current technologies like machine learning, artificial intelligence (AI) and mobile and web development.
Two engineering students, Abhijeet and Yogesh, from the PDA College in Karnataka's Kalaburagi district have created a Bluetooth-enabled route-guiding helmet.
The helmet will help people navigate without having to use their phones, and in turn, also encourage wearing helmets while riding a two-wheeler.
"We made this helmet because we faced problems with directions when traveling in different cities," Abhijeet said.
Tesla CEO Elon Musk has said flying cars is not a good solution to the problem of traffic congestion.
This was a dig at Musk's Hyperloop project which aims at creating low-cost tunnels in cities.