Get In Touch

Govt has limitations, private sector must step up for R&D funding: Jitendra Singh!

    Share on

Union Minister Jitendra Singh, addressing a gathering at the Indian National Science Academy (INSA) in Delhi, stressed the need for private sector involvement in funding research and development (R&D) in India. He acknowledged that while the government has significantly increased its investment in scientific innovation, there are inherent limitations.

Singh highlighted the gap between India's R&D expenditure (around 0.65% of GDP) and the global average, particularly when compared to countries like the US (2.8%) and China (over 2%). He urged corporates to take proactive steps to bridge this gap, especially in sectors like space technology, biotechnology, and artificial intelligence.

He also reiterated the government's commitment to promoting innovation through programs like Start-Up India and National Research Foundation (NRF), but emphasized that sustainable progress requires collaborative efforts with industries.

The minister concluded by stating that national growth and global competitiveness are achievable only when the private sector becomes an equal stakeholder in India’s research ecosystem.

Share:

Post a comment

Your email address will not be published. Required fields are marked *

Tamil Nadu renames Govt Hostels as "Social Justice Hostels" to emphasize inclusivity!

Tamil Nadu renames Govt Hostels as "Social Justice Hostels" to...

Tamil Nadu CM MK Stalin announces a symbolic yet significant change: government school and college...
“I Will Buy Prasidh Krishna a Business Class Ticket”: India Pacer Slammed After Nightmare Outing!

“I Will Buy Prasidh Krishna a Business Class Ticket”: India...

Indian fast bowler Prasidh Krishna faced heavy criticism from fans after a dismal performance in...
₹250 crore in fines still unpaid on Mumbai-Pune Expressway!

₹250 crore in fines still unpaid on Mumbai-Pune Expressway!

Over ₹250 crore worth of traffic fines remain unpaid on the Mumbai-Pune Expressway, raising serious...
Kerala Mystery: Why a UK Fighter Jet Is Being Taken Apart on Indian Soil!

Kerala Mystery: Why a UK Fighter Jet Is Being Taken...

A British Royal Navy F-35 fighter jet has been stranded in Kerala for nearly 20...
Rethinking Success: Should Nations Measure Happiness Instead of GDP?

Rethinking Success: Should Nations Measure Happiness Instead of GDP?

As traditional economic indicators fall short in reflecting true well-being, a growing global movement urges...
Chirag Paswan recalls father’s BJP stance amid re-entry into NDA ahead of Bihar polls!

Chirag Paswan recalls father’s BJP stance amid re-entry into NDA...

Chirag Paswan reflects on his late father Ram Vilas Paswan’s earlier aversion to the BJP...

Login

Don’t you have an account ?

Register