Technological innovation a key driver to boost economy:VP

Vice President M Venkaiah Naidu on Tuesday said technological innovation is one of the key drivers to boost economy, as he stressed the need for investing more on R & D with focus on enhancing the intellectual capital through radically new approaches.

He also appealed to Corporate India to develop a symbiotic partnership with universities and other academic institutions and contribute towards promoting Research and Development.

"Technological innovation is one of the key drivers to boost economy, improve people's lives and enable better delivery of services," Naidu said.

Delivering the valedictory address at the 107th Indian Science Congress here, he said "there is also a crying need for our universities and scientific institutions to promote R & D on a big scale."
Naidu said "as the country aims to become a USD 5 trillion economy in the coming years, we need to fully leverage the demographic advantage with science and technology playing a leading role in driving the economic and social development."
Schools must sow the seeds for scientific temper and create an un-quenching curiosity to learn and understand new things."