India-Forums

   

Investment in technology dismal: Sibal

New Delhi, Sep 28 (IANS) India has leapfrogged generations in telecom since the past decade but more investment is required to achieve milestones in the field of emerging technologies, Science and Technology Minister Kapil Sibal said Thursday.

Thursday, September 28, 2006 | 4:15:18 PM IST (+05:30 GMT)
 0 Comments | By

New Delhi, Sep 28 (IANS) India has leapfrogged generations in telecom since the past decade but more investment is required to achieve milestones in the field of emerging technologies, Science and Technology Minister Kapil Sibal said Thursday.

'In the field of emerging technologies we spend next to nothing compared to other parts of the world,' Sibal told a seminar organised by Confederation of Indian Industry (CII) here.

'China spends 1.3 percent of its gross domestic product in research (GDP) and has plans to increase it to three percent like the EU countries. This means within the next 15 years China will spend almost $230 billion per year in new technologies,' Sibal said.

'And in India we have been allocated only Rs.1,000 crore (Rs.10 billion), which is not even one percent of the country's GDP.'

According to him, this Rs.10 billion will be spent over the next five years in the field of nanotechnology of which Rs.1.8 billion have already been spent.

'Our focus should be to reach to the bottom of the pyramid where majority of our population stays. We have the human resource, skill and market to innovate for the benefit of the poor,' Sibal emphasised.

He said a centre on nanotechnology would soon come up in Bangalore.

Copyright : Indo-Asian News Service
User Rating Rating(0 Votes)

Share On :

Share on Facebook Share on Twitter Share on Google+ Share on WhatsApp

To stay updated with similiar articles follow


User Comments & Ratings

Join India Forums for free to comment on this story. Have an account already? Use Quick Login to comment.
Dear Readers,
  • Please do not use derogatory comments in reply to the stories published on Telly Buzz, India-Forums.
  • The credibility of the site matter to us, and the comments in bad taste tend to invariably hurt the actors/production house/channel etc.
  • So kindly, refrain from creating an unhealthy atmosphere for all, and keep your comments constructive.
  • Also, please use the Rate It button if you want to just thank the author for posting the story.

Articles in National, Business, Sci-Tech

Art - Culture Business Diaspora
Education Health Politics
Religion Sports Sci-Tech
Travel

AROUND THE WORLD NOW

Asia America Australia
Africa Europe Gulf-Middle East
Pakistan Nepal Bhutan
Sri Lanka Bangladesh Maldives

Disclaimer: All Logos and Pictures of various Channels, Shows, Artistes, Media Houses, Companies, Brands etc. belong to their respective owners, and are used to merely visually identify the Channels, Shows, Companies, Brands, etc. to the viewer. Incase of any issue please contact the webmaster.

Popular Channels :
Star Plus | Zee TV | Sony TV | Colors TV | SAB TV | Life OK

Quick Links :
Top 100 TV Celebrities | Top 100 Bollywood Celebs | About Us | Contact Us | Advertise | Forum Index