India leading science & tech powerhouse, global innovation & startup hub: Union Min Vardhan

New Delhi: The 8th Foundation Day of Global Innovation and Technology Alliance (GITA) was addressed by the Union Minister of Health & Family Welfare, Science & Technology and Earth Sciences, Harsh Vardhan, here today.

The Minister recognized and felicitated the exceptional performance of the GITA project in contributing to enhancing the country’s innovation ecosystem. The theme of the event was ‘Making India Future Ready’.

Vardhan said, “For India to grow at a sustained pace, technology and innovation have to become all-pervasive across all sectors of development.” He also spoke about India’s aspiration to emerge as one of the top five knowledge powers in the world in the area of science, technology and innovation.

Vardhan congratulated GITA for successfully completing its 8th year of operations and mentioned that GITA has managed to create a niche for itself as a catalyst for fostering innovation as well as generating awareness and interest of the industry to enable them to benefit from the various Government schemes & funds being managed by GITA.

Highlighting the nation’s progress, Vardhan said that India is aggressively working towards establishing itself as a leader in industrialization and technological development and the Government has a strong focus on science and technology, realizing that it is a key driver of long-term economic growth. 

Expressing confidence in the abilities of Indian scientists to rise up to the challenges and provide solutions to improve the lives of the common man, he said that creating a new eco-system of innovation and technology-led entrepreneurship has become a national movement. 

The Minister said that if India has to emerge as a true knowledge economy of the 21st century, it is inevitable that research and development leading to technology deployment has to be looked at as an in-house enterprise by all our leading industries including the SME sector as well. Hence, it is in the national interest of India to stimulate the private sector investments into R&D at levels of at least 1:1, in order to propel India as a leading scientific and technological powerhouse, he added.

Vardhan emphasized on ‘Startup India’ initiative and said that the Government is extensively promoting Research Parks (RPs) and Technology Business Incubators (TBIs) which would promote the innovative ideas till they become commercial ventures. India is the world’s largest technology startup hub with more than 66,000 startups.

India improved its rank on the Global Innovation Index for the fourth year consecutively. From being ranked at the 81st position in 2015, India improved its ranking steadily to reach 52nd position in 2019.

GITA has been able to successfully engage in the implementation of bilateral industrial R&D collaboration with some of the most innovative nations of the world including Canada, Finland, Israel, Italy, Korea, Spain, Sweden and the UK.

The role of institutions such as GITA is increasingly relevant as we progress on the journey of creating India as an innovation nation in order to create a New India, which nurtures and cultivates a blossoming scientific temperament in the country.

Dignitaries present on the occasion included Prof K Vijayraghavan, Principal Scientific Adviser to the Govt of India, Prof Ashutosh Sharma, Secretary, Department of Science & Technology, and Neeraj Sharma, Secretary, Technology Development Board.

Delegates from Canada, Israel, Korea and Spain were also present, along with international participation from Brazil, Finland, Italy, Sweden, Taiwan and the UK.

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The ID Staff

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