The Rs 1-lakh-crore RDI Fund will be meaningful if it encourages industry to loosen purse strings to fund innovation
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The new approach could help policymakers identify geographic and sectoral trends in innovation spending
The scheme aims to offset a documented failure of the private sector to take a long-term view on R&D. To get the most out of this large corpus, the scheme should avoid centralisation and bureaucratisation. An effective design needs to internalise a high threshold for failure to avoid hasty project terminations
The facility allows for accelerated innovation and product development through a multi-layered approach to testing.
The survey noted that in countries like the United States, China, Japan, and South Korea, private enterprises routinely contribute more than 70% of the total R&D spending in their respective economies.
Private sector is also starting to deploy its capital, and that will continue. Capital formation as a share of GDP is likely to be 35 percent in five years from 30.8 percent, says Anantha Nageswaran
Zeiss India also inked a deal with the Karnataka government to enhance the state's R&D ecosystem for emerging technologies
Gopalakrishnan believes that a focused research initiative needs to be created at academic institutions with guaranteed funding for several years.
Samsung R&D Institute Bengaluru (SRI-B) has inaugurated the Samsung Innovation Campus programme at the KLE Institute of Technology (KLEIT), Hubli to upskill youth in future technology domains.
India’s budding scientists and a variety of institutions are poised to benefit from the loosening of purse strings for R&D. More patents can be granted by increasing the number of examiners and other personnel in patent offices. At the current pace, expect the granting of one lakh patents by 2025-26
Focus on R&D should be positive for the research focused companies particularly from the domains of biotech, oncology, battery chemicals and green energy.
Budget 2024: The government has expanded the scope of corporate social responsibility to R&D but the country currently does not have any dedicated research mandate for corporations.
Recently, Applied Materials announced an investment plan of USD 400 million spread over the next four years to set up an engineering centre in Bengaluru, it added.
The approved projects were led by institutes and research bodies like BTRA, ATIRA, IIT Delhi, IIT Jammu, NIT Jalandhar, IIT Kharagpur, CSIR New Delhi, and IIT Madras, among others.
India has committed to reducing the emission intensity of its GDP (emissions relative to GDP) by 45 percent by 2030 from the 2005 level. It also aims to achieve net zero by 2070
Hydrogen technologies across the value chain are currently only under the development stage. Mature technologies such as electrolysers, fuel cells and carbon composite cylinders are not yet cost competitive with alternatives.
Interacting with the students of NIT Delhi as part of the BJP's mega public outreach to mark nine years of the Narendra Modi government, Jaishankar advised them to understand local and global developments.
Addressing the CII Global Science, Research and Innovation Summit, Akhilesh Gupta, senior adviser at the Department of Science and Technology, said while India grants an average of 23,000 patents per annum, it lacks the culture of patents filing.
Global capability centres are playing a crucial role in making India an important destination for engineering R&D
Today the demand for aircraft has jumped high. There is no surprise that Air India is looking for more aircraft, says Gupte
Union Finance Minister Nirmala Sitharaman is scheduled to table the Union Budget for the financial year 2023-24 before parliament on February 1.
China also encourages financial institutions to offer financial support to those centres and will support legal cross-border R&D data flows, said the statement.
The young engineers will join the company in 2023, and will work on new-age technologies at its R&D institutes in Bengaluru, Noida, Delhi and at Samsung Semiconductor India Research in Bengaluru.
S Somanath said the ISRO has over the years been focusing more on delivering applications for the government and the public; having created systems, and building, launching and operating satellites, providing communication, earth observation and navigation services.