India Emerges Important Global R&D Destination

India is emerging as an important R&D destination in the world because a solution found here has a market larger than two or three western countries. This was stated by the Union Minister for Science & Technology and Earth Sciences, Shri Kapil Sibal while chairing the session on “India-The R&D Destination” during the ongoing three-day conference on “Mind to Market”, here today. Shri Sibal said advantage of affordable human resource base available in India is attracting competitive global market to fulfill consumer desires of the best possible product at the cheapest possible prices.

Earlier speaking on the occasion, Shri Ashish Gupta , COO and Country Head, Evalueserve said that for India, it is not the journey from mind to market but from mind to mindset and then to market. Quoting Indian believes, Shri Gupta said making money, using knowledge is not considered good. This mindset has to be changed to make the pace of research and development activity in India rapid which is gaining momentum.

Prof. Chris Henshall, Pro-Vice Chancellor External Relations, University of York,UK, Dr. Dr. Tony Hey, Corporate Vice-President Technical Computing, Microsoft Corporation and the former French Ambassador Benard de Montferrand in India also presented the current R&D trends in their respective countries.

The three-day event is focusing on India as the R&D hub.

Source : Press Information Bureau
Date : December 05, 2006