Financial Daily from THE HINDU group of publications
Saturday, Apr 09, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Economy


`Industry must focus on R&D'

Our Bureau


Dr R. Chidambaram, Principal Scientific Advisor to the Government of India

Pune , April 8

"INDIA must develop new and innovative products based on our own research and development and the Indian industry must support R&D with a national perceptive focusing on the R&D capabilities that exist or can be developed and with an eye on the global markets," according to Dr R. Chidambaram, Principal Scientific Advisor to the Government of India and Chairman of the Scientific Advisory Committee to the Cabinet.

He was in the city for the 18th Foundation Day of the Centre for Development of Advanced Computing (CDAC).

Addressing the gathering, he noted that India could become an innovation leader, particularly in the new product design and development areas of the manufacturing sector, provided we have proper technology foresight to make the right technology choices in a national perspective and provided we introduce coherent synergy in our science and technology related activities to establish an effective innovation ecosystem."

He said technology foresight must be distinguished from technology forecasting which attempts at prediction of future technological developments without worrying about the impact of these developments on the economy, society or the environment.

Dr Chidambaram said an industry sector, which is doing well, tended to support R&D, while a stagnating industry shunned it. An overly protective industry also did not bother about product improvement.

The nuclear industry in the US was an example of the stagnant industry and they had slowed down on R&D. Young people were also not entering the field and knowledge management had become a problem.

Mr Ajeer Vidya, Joint Secretary and Financial Advisor, Department of Information Technology, said R&D activities that were conducted by utilising the public funds should give back something to the society and the focus should not be on the outlay but on the outcome of the outlay.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Varsity offers to help industry on anti-dumping laws


Inflation falls on cheaper non-food items
`Industry must focus on R&D'
New trade initiatives unveiled
DEPB scheme to be replaced in six months: Kamal Nath
Import of capital goods at concessional rate — `Chance for retail segment to modernise'
Canada sees potential in TN
Measures will help boost exports, says India Inc
On the right track to double trade, create employment
Govt will retaliate against unfair trade actions on Indian products
Procedural simplification
Tea exporters may gain from move to scrap cess
FTA: India for framework agreement first with China
`Spiralling land cost hampering hotels development'
Petrol price hike not discussed in Cabinet meet
VSP seminar on steel tech from today
Experts justify SME credit rating
Govt may hike target for bank credit to SSIs
WorldSpace Satellite Radio launched in Hyderabad
Which is the largest selling car? Read the fine print
Metropolis Health plans pvt placement of equity
China's loss could be India's gain in high demand apparel items
`Consolidation of apparel sector will drive exports'
Rs 11 cr for Kerala biotech incubator project
Rural youth in AP bag BYST `business idea' awards
Polaris to appeal Rs 18.3 cr I-T notice
Kalam for integrated approach to boost tourism


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line