India should become major player in tech prodn game: document

Image
Press Trust of India Mysuru
Last Updated : Jan 05 2016 | 9:02 PM IST
India will have to become a major player in the technology production game and suitably leverage its market attractiveness to counter technology denial in the future, according to the country's technology think tank.
"Technology denial by foreign governments and multilateral treaties is yesterday's story: the game will now be played by multinational corporations and patent offices," said "Technology Vision 2035", a document prepared by Technology Information, Forecasting & Assessment Council (TIFAC).
The TIFAC document was released by Prime Minister Narendra Modi at the inaugural of the Indian Science Congress in Mysuru on Sunday.
It said to counter technology denial in future, India will have to become a major player in the technology production game and suitably leverage its market attractiveness.
Under the topic Technology: Comprehensive National Power, it said in a globalised world, technology cannot germinate in any single country in isolation, and it is now in the interest of India and the world that the country participates actively in international projects involvinglarge-scale, heavily funded scientific experiments, often involving basic research.
"Given the high costs and number of personnel involved, international collaboration by India in these experiments makes a lot of sense," it added.
TIFAC is under the Department of Science & Technology of Government of India.
Stating that as a country it is important to gain confidence in the nation's technological capabilities, the visiondocument said, large Indian corporations have the capabilitiesto invest in technology at the global scale.
"A model of public-private partnership in basic research in which the government takes on a large proportion of risks would make Indian public and private companies more research oriented and willing to play the technology creation game," it said.
"In this context, the building of Indian technology brands is essential, whether in biotechnology, information technology, alternate energy or any other area," it added.
Since technology is a fundamental element in comprehensive national power, the vision document said accessing, producing and leveraging technology will remain a core national interest with strong external linkages.
Also noting that education that promotes innovation and creativity is a key element, it said "Revolutionary changes in our country's education system will make our country technologically competitive.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 05 2016 | 9:02 PM IST

Next Story