Pranab rues India’s poor innovation balance-sheethttps://indianexpress.com/article/india/india-others/pranab-rues-indias-poor-innovation-balancesheet/

Pranab rues India’s poor innovation balance-sheet

President Pranab Mukherjee Tuesday lamented the fact the India was lagging far behind in the field of innovation and said it can be rectified if the process of innovation is made a permanent feature in our institutions of learning.

President Pranab Mukherjee Tuesday lamented the fact the India was lagging far behind in the field of innovation and said it can be rectified if the process of innovation is made a permanent feature in our institutions of learning.

“India’s innovation balance sheet is not very encouraging. In 2011,42,000 patents were filed in our country,compared to over five lakh applications filed each in China and the US in the same year”,the President said.

As per a recent Forbes survey,only three Indian companies have been listed amongst the world’s most innovative companies,he said,adding the number will increase if the process of innovation is made a permanent feature in our institutions of learning.

“Our universities,engineering colleges and research and development centres should be the hotbed of innovations,” Mukherjee said.

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He was addressing the10th Convocation of the National Institute of Technology (NIT) at Kurukshetra.

However,he said that India is beginning to emerge as a knowledge economy. “Our pool of qualified manpower will be the backbone of this new age,” he said,while exhorting the academic institutions to recognise their outstanding teachers,as “such teachers are catalysts for holistic learning and new thinking”.

On the occasion,Haryana Governor Jagannath Pahadia said,“It is a matter of pride that NIT Kurukshetra is holding a leadership role in imparting quality education that develops innovative professionals and entrepreneurs”.

Haryana Chief Minister Bhupinder Singh Hooda said,“We have a sizeable population of young boys and girls who would shape the future of our country. The society and the nation have done their duty by investing in their education. Now,it is for them to make use of this investment.”