Lamentibg the lack of enough private sector participation in scientific research and development activities,Prime Minister Manmohan Singh on Monday said this was holding back India from becoming a scientific powerhouse.
Adequate funding is no doubt critical for science unfortunately,private sector investment into Research amp; Development has not grown fast enough for us to double the overall national investments into Ramp;D from the current level of 1 per cent of GDP to 2 per cent. Increasing private sector investments into Ramp;D and making possible conversion of knowledge into value and wealth remains a challenge, the prime minister said after releasing a book Science in India 2004-13: Decade of Achievements and Rising Aspirations.
The Prime Minister has spoken about the need to increase the role of private sector in scientific research on earlier occasions as well,including at the annual Science Congress meetings. He said this was essential to make India a global leader in science.
We need a regular supply of talent. We need strong and high-quality educational and scientific institutions to identify and mentor talent. We also need an ecosystem in which applications of new scientific knowledge can be seamlessly integrated with innovation to drive the path of economic progress and prosperity and solve the unique problems of our people, he said.
Manmohan Singh also urged the scientific community to ensure that research is converted into useful technologies that will boost Indias development goals.