Financial Daily from THE HINDU group of publications
Tuesday, Nov 11, 2003
Financial Daily from THE HINDU group of publications Tuesday, Nov 11, 2003 |
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Industry & Economy
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Science & Technology We must create exportable technologies, says Rawat Our Bureau
New Delhi , Nov. 10 MR Bachi Singh Rawat, Minister of State for Science & Technology, while inaugurating the 17th National Conference on `In-House R&D in Industry', jointly organised by FICCI and DSIR (Department of Scientific and Industrial Research) here on Monday, said ``The prerequisite for technology exports is to successfully generate exportable technologies. This brings to focus the need for forward-looking innovative Research & Development (R&D)." He urged the Indian industry to innovate on its own and judiciously use the national resources available like the research and development (R&D) capability of Government funded institutions, capital goods manufacturing capacity or the capacities of other partners in the private sector. More than half of the GDP in major OECD countries is attributed to the production and distribution of knowledge. In this backdrop, exports of high value-added products and technology could fetch rich dividends to India. This in turn would trigger further demand for export of capital goods, raw materials, intermediates and service of trained manpower, he said. "Our national R&D system is now not only eager but geared to network more and more with outside agencies", he added. On the issue of a shortage of R&D personnel in high technology areas in some industrialised countries, the Minister highlighted the recent R&D centres that have been set up by some global companies in India. In this regard, he observed that as India becomes a global R&D hub, the demand on science would increase enormously. "This will lead to an increase in demand on the creation of new human capital", he said. Saying that the current number of doctorates produced in the country (5,000) is too small, he asserted that this figure could be increased to 25, 000 or even higher. He was of the view that since there was no demand for science in the Indian industry, barring some notable exceptions, this figure had not registered a notable growth in recent years. Mr Rawat further stated that as India would emerge as R&D hub, possibility of a gradual reversal in `brain drain' could come to the fore.
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