PM seeks to increase private funding in research to 50%

Create: 09/07/2011 - 15:41

Prime Minister Manmohan Singh has suggested increasing private sector funding in Research and Development to 50% from the current 20%. The suggestion was made during a review meeting of eight ministries related to scientific research. The meeting was attended by representatives from science and technology, space, atomic energy, earth sciences, biotechnology, defence production ministries.

Prime Minister spelt out the need to increase country’s footing as a major player in publication of scientific literature, "Prime Minister said that India's share in scientific literature published in international journals should be increased to 10% in the next plan," said an official.

According to the sources, all participating departments were told to make most of the prevailing interest in India as an investment destination and come up with ways to attract FDI in scientific endeavours. African countries and the Commonwealth of Independent States (CIS) have expressed interest in partnering scientific ventures in India, and also to purchase technology.

Singh also assure that issue of inclusion of more than 1,000 scientists in the new pension scheme that was turned down by the finance ministry recently or norms for the selection of heads of scientific PSUs will be settled.

The PMO directed the department of science and technology to send a "well-reasoned note" on the pension scheme to the finance ministry, and asked the department of scientific and industrial research (DSIR) to evolve a suitable selection process for scientific PSUs so that the recurrent bureaucrat-scientist tussles do not hamper their working.

The PMO also asked for expediting the setting up of the biotechnology industry research assistance council (BIRAC).

The research and development sector is increasingly becoming business-funded in developed countries. For instance, the European Union's R&D programme in 2008 relied 55% on private sector's funds, a third came from the respective governments and around 9% from abroad. In 2007, of the entire amount spent in Japan, 77.7% was bankrolled by the private sector, and in the US, 67.3% was funded by the business houses.

[Source: Times of India]

Comments

Submitted by Anonymous (not verified) on

The idea has come at an appropriate time. If research has to be encouraged in our universities, the private funding has to increase. UGC and other agencies are not able to give timely funds and this is generating acute frustration amongst youth who want to continue with their research further post Ph.D. The onus is now on the VCs of universities to get and attract such funding so that research can progress unhampered in our campuses.

Submitted by Anonymous (not verified) on

$$$$
Why Prime Minister Manmohan Singh has suggested to increasing, He can ORDERED as a PM..
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Submitted by Anonymous (not verified) on

In order to make research work to be business oriented, innovative process or product needs to be protected by Intellectual Property Rights(IPR) first, before initiating the commercialization process.

Submitted by Anonymous (not verified) on

It is nice idea. Companies must come forward for analysis of their products through universities/institutes in stead of their firms.

Submitted by Anonymous (not verified) on

Even South Korea has more than two thirds of R&D funding coming from private industry. The private industry in the developed countries have the compulsion to maintain their global competitive edge by sustaining continuous R&D efforts to acquire new technologies or refine current ones. Basic academic research is also strongly influenced by the current needs of the industry there. Indian industry is largely dependent on open or imported knowhow for their survival and growth with the domestic market. Our global participation in technological efforts are also as subsidaries to the leaders from the developed world. How can we expect suddenly a large private research funding?

Submitted by Anonymous (not verified) on

PM understood the importance of research after making number of Indo-US, Indo-Japan, Indo-German, Indo-French, Indo-Israel, Indo-UK ..... initiatives. The faculty should be a major beneficiary, in addition they should contribute towards science. I believe it is the responsibility of faculty and top-notch academicians to translate in reality. Congratulations to science community. Anupam K Singh

Submitted by Anonymous (not verified) on

This is an inevitable step taken by PM but slow. Private sector doing best research then Govt. sector. What Dr. S. Thangasamy said "South Korea has more than two thirds of R&D funding coming from private industry" is an important example from which our Govt./people should learn.
Encourage the Researcher. India have the talent but less scope to explore it.

Submitted by Anonymous (not verified) on

Let me tell you experience of a materials scientist. One industry consulted a materials scientist to solve their problem of manufacturing of "ceramic lightening arresters". The industry people were told to give complete detail of the composition if they want the materials scientist to put his brain to solve their problem of the synthesizing and process. They did not return.

Submitted by Anonymous (not verified) on

Good Idea....Congrates to Research-India....!!!!

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