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1st Global Industrial R&D Conclave: Strategies to Drive Growth in Economic Crisis Print E-mail
Written by Vijay   
Tuesday, 12 May 2009

New Delhi : The Department of Science and Technology (DST), Government of India and the Confederation of Indian Industry (CII) jointly organised the 1st Global Industrial R&D Conclave: Strategies to Drive Growth in Economic Crisis on the occasion of National Technology Day. Innovation should be absorbed by the society. Although the most apparent problem with technological innovations is to ensure that it gets used by 100-200 million population base targeted, said Mr SK Brahmachari, Secretary, DSIR & Director General, Council of Scientific and Industrial Research, Ministry of Science and Technology, Government of India.

The topic of the conclave assumes importance in the backdrop of economic meltdown, which has created alarming conditions for R&D- and innovation-led businesses. The risk capital has shrunk and has placed R&D investments at lower priority. Governments across the globe are trying to boost the economy and industrial growth through strategic policy changes by creating a more favourable R&D ecosystem.

Mr. Petri Peltonen, Director General, Innovation Department, Ministry of Employment and the Economy, Finland stated that during the ongoing turmoil, investments in R&D and innovation are crucial. Therefore Finland will be renewing its innovation policy in technical as well as non-technical domains, get innovation focus on user and market.

Mr. Anders Sjoberg, Charges d’ Affaires, Embassy of Sweden, said that Sweden in order to regenerate growth has to be associated with big nations like India. Several Swedish MNCs have established their R&D hubs in India, and such intensive collaborations exposes India to advanced technologies.

In the welcome address, Mr. Ajai Chowdhary, Chairman CII National Committee on Technology and Innovation and Chairman & Chief Executive Officer, HCL Infosystem Limited stated that technology and innovation are crucial for inclusive and sustainable growth. India is a global force in basic research, while it is yet to come at terms in market focus and extended lag. R&D investment in India which at present stands somewhere around 0.1% of GDP, should be increased to 0.5% to see a great leap forward in the industry.

SK Brahmachari further added that Indian forefathers developed institutions for scientific development at the time when they did not have money to build roads. This has nurtured a vast pool of personnel and developed India’s repute in various fields.

Speaking about getting innovation to create wealth for the bottom of the pyramid, he highlighted the concept of Soleckshaw, solar manual operated rickshaws. The concept will increases the earnings of the rickshaw puller by Rs 100 a day, reduces the risk of catching tuberculosis and will help in reducing nation’s carbon footprints. CSIR is also running commendable projects in low cost water in Karnataka’s religious places and high yielding cultivation of Lavender in Kashmir.

The occasion highlighted the initiatives undertaken by DST like promoting Global Innovation and Technology Alliance (GITA). The alliance is promoted jointly by DST and CII, aims to enhance technology competitiveness of Indian industry and institutions through joint development, technology transfers and joint ventures.

While concluding and moderating the session Mr. Y P Kumar, Head International Cooperation, Department of Science and Technology, Government of India said that development in science and technology has reached new dimensions due to online information availability. Bilateral arrangement and Intellectual Property share safeguard has further strengthened the innovation environment of the country. The government, industry and academia should take forth cooperations and interactions to strengthen faith in innovation and R&D in the country.

 
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