Technology R&D at Crossroads in India

Technology R&D at Crossroads in India
Given its technology prowess and growing credibility as a key destination for IT, India has a tremendous opportunity to generate more value for itself by becoming a true technology R&D hub for the world.
By Dr Praveen Vishakantaiah
Opinion Jun 22nd 2012

It’s an extremely exciting time for the Indian technology community. Over the last couple of decades, India has earned a position as a key knowledge economy in the world. This is built on a very strong foundation provided by our robust academic infrastructure and nurtured by a strong entrepreneurship culture in the country. A vibrant industry, it engages millions of talented technologists and professionals who are enriching people and businesses everyday through cutting-edge technology and solutions. India’s achievements in the technology space have been incredible so far.

Having achieved these, India is now poised for the next level of growth through leadership & innovation. This offers us with an amazing opportunity to make the country a true technology R&D hub for the world, marked by cutting-edge research and innovation. However, it would require us to follow a new thought process and approach in a few key areas.

It will be important for us to create and expand an academic ecosystem conducive to research and innovation. An ecosystem where students are enabled to develop key technology competencies and are encouraged to pursue research and path-finding efforts is the need of the hour.

The good news is that the government is committed to support this. It is already taking several steps in this direction by allotting grants and scholarships to high school students, setting up new institutes for scientific education and research (including IITs and IIITs), and establishing new innovation centres and university innovation clusters in different parts of the country. It’s now important for students to pursue their studies in order to achieve excellence in specific technology areas as the industry requires specialized skills.