SME Times is powered by   
Search News
Just in:   • Sensex, Nifty settle 1% low; US Fed's policy guidance weighs  • Asian markets tumble to 15 month lows  • Liquor manufacturers asks Kerala Govt to tweak commision conditions  • With Air India on-board, Tatas emerge as major aviation players  • Budget 22: Capex likely to focus on jobs creation, PLI expansion 
Last updated: 27 Sep, 2014  

Manmohan.9.Thmb.jpg More private investment in R&D remains a challenge: PM

Manmohan.9.jpg
   Top Stories
» Budget 22: Capex likely to focus on jobs creation, PLI expansion
» Boost to disposable incomes via tax cuts will spur demand for consumer durables
» Incentivise investments in healthcare sector: Pre-Budget survey
» Experts exhort Centre to regulate crypto trades
» Rajpath brims over with patriotic fervour as India celebrates R-Day
SME Times News Bureau | 09 Jul, 2013

Prime Minister Manmohan Singh Monday urged his scientific advisory council to focus on the "challenge" of increasing private investments in research and development (R&D) to convert knowledge into value and wealth.

"Increasing private sector investments into R&D and making possible conversion of knowledge into value and wealth remains a challenge that I would like the council to look into," he said at the release here of a book "Science in India (2004-13): Decade of achievements and rising aspirations", compiled by the council, an official statement said.

Noting that adequate funding is critical for science, he asserted that his government has accorded high priority to it.

"Unfortunately, private sector investment into R&D has not grown fast enough for us to double the overall national investments into R&D from the current level of 1 percent of GDP to 2 percent," said the prime minister.

Manmohan Singh said that the government's efforts during the last decade has focused on two broad themes including attempt to strengthen and expand institutional mechanism for scientific research and to leverage science to address the longstanding practical problems like disease, malnutrition or provision of safe drinking water.

"I have always believed that our scientists must provide viable solutions to pressing national problems of food and nutrition security, energy and environment security and water and sanitation related problems. We require new approaches to make our innovations green and affordable to many," said the prime minister.

The new Science, Technology and Innovation Policy launched earlier this year aims to make India a global leader in science, but required a regular supply of talent, said the prime minister.

"We need strong and high-quality educational and scientific institutions to identify and mentor talent. We also need an ecosystem in which applications of new scientific knowledge can be seamlessly integrated with innovation to drive the path of economic progress and prosperity and solve the unique problems of our people," he said.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Jan, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter