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MACHINIST - CII drafts 10-point Nanotech Industrialization plan to empower Indian industry

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Home arrow Auto component arrow CII drafts 10-point Nanotech Industrialization plan to empower Indian industry

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CII drafts 10-point Nanotech Industrialization plan to empower Indian industry
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Written by Vijay   
Tuesday, 23 September 2008

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New Delhi: The Confederation of Indian Industry (CII) has put together a 10-point action plan to empower Indian industry to come out with commercial nanotechnology products, which it believes will drive the future of industry worldwide. The action plan includes awareness creation, training and skills development, technology facilitation and networking and facilitating collaborative projects.
 
According to the CII, it was important for Indian industry to become part of the nanotechnology revolution, which is projected to become a $1 trillion market by 2015.

In fact, the enhanced properties and cost savings are enticing the business around the world to embrace this new technology and Indian industry will have no choice but to become part of this market. CII hopes that the action plan will set the stage for Indian industry to excel by providing value added services in nanotechnology.
 
As part of its action plan, the CII has urged the Government to establish a strong network of infrastructure facility to support industry. According to it, facilities in institutes like the IISc and the IITs should be made available to the industry on a 'pay per use' basis. Also, support for collaborative industrial projects should be accelerated and preference should be given for research projects from institutes that have already joined hands with an industry.
 
The CII action plan states that a dedicated skill development initiative was required to support the development of a suitable human resource base in this emerging technology, and standards and procedures must be developed and harmonised with international standards. More importantly, the CII has urged the government to set up a dedicated fund for commercialisation of nanotechnology products. This could even be in the form of soft loans, repayable after 5 years of sales at attractive interest rates.
 
Similarly, the CII has urged the Indian industry to join hands with not only private and government research institutes but also with other industries that could form part of the resultant value chain. This would enable efficient usage of nanotechnology related infrastructure. Simultaneously, it must create awareness among consumers about the benefits of nanotechnology related products even as it takes active part in all regulatory and standard related processes relating to this technology.
 
The action plan takes forward the CII's nanotechnology initiative that was launched in 2002 to create a growth environment for industry through knowledge exchange missions, awareness programmes, workshops, market research and other range of services. CII is working closely with the Indian Government on bilateral international initiatives on knowledge sharing and technology linkages.
 
The CII action plan acknowledges that nanotechnology development in India is at a very early stage-few research institutes have developed products of commercial nature, notable being Indian Institute of Science, Bangalore and the Banaras Hindu University. However, a lot needs to be done before commercial nanotechnology products can be churned out by Indian Industry.
 
The CII notes that most of the developed nations are investing heavily on nanotechnology research, realizing its potential in societal and defence applications and India must join the race for the development of this clean and efficient technology.  

Last Updated ( Tuesday, 23 September 2008 )
 
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