03-05-2012, 12:16 PM
Workshop on nanotechnology: Current status and Challenges
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United Nations Conference on Trade and Development (UNCTAD) in its World Investment Report 2005, ranked India third after the US and China as a R&D hotspot, which it defines as 'a place where companies can tap into existing networks of scientific and technical expertise; which has good links to academic research facilities; and provides an environment where innovation is supported and easy to commercialize." This is a consequence of continued R&D investment in India, which has grown at a CAGR of 45% since 2002. In India, about 85% of the R&D activities is carried out by the Government through its research labs and public sector units.
Under the leadership of the outgoing president, Dr. A P J Abdul Kalam, public spending on R&D in nanotechnology is rising in India. The government recently passed a proposal to invest Rs. 1000 Crore (US $230 million) under a five year Nano Science and Technology Mission (NSTM). This is follow on programme to the Nano Sciences and Nanotechnology Initiative (NSTI) launched in 2001 allocating Rs. 100 Crore (US$ 23 million) by the Department of Science and Technology (DST) for R&D in the field.