Bangalore, Dec 5 (UNI) Even though India started late on tapping the potential of Nano Technology it has picked up well and on its way to catch up with rest of the world, Prof C N R Rao, National Research Professor and Chairman, Science Advisory Council to the Prime Minister said today.
Speaking after announcing the launch of the first edition of the two-day Bangalore Nano 2007 beginning here tomorrow, Prof Rao said that taking into consideration the importance of the Nano Sciences, which offers over 8 to 9 billion USD Global market, the union government had earmarked Rs 1000 crores to develop the technology.
Prof Rao said that in all over the world the Nano technology has become an important scientific and research activity which can be applied in all sphears including in Physics, Chemistry, Health Sciences, Bio-technology, drug delivery system and materials industry. Stressing that it has already revolutionalised in some aspects of the health care the Nano also brought hope in cancer therapy, he added.
Stating that the developed countries have realised the importance and potential of Nano technology and have invested lot of funds for its research. "Germany has already developed infrastructure which can manufacture over 300 tonnes of nano materials" he said.
Prof Rao said that India's first Institute of Nano Technology for which already Rs 100 crore has been sanctioned by the Center will start functioning from two years now. "The Karnataka government also has allotted 15-acres of land to set up the Institute" he added.
Prof Rao said that the commercial value of Nano materials would be around over 100 billion USD if it was effectively applied in the field of Chemical industry, textile, electronic, cosmetic, diagnostics and drug delivery system.
Emphasising the need for the collaboration between industries and research institutes in the application of the Nano technology Prof Rao felt that Venture Capital funds can play a vital role in bringing industry and technology together.
On the Bangalore Nano-2007 Prof Rao said that over 400 delegates from India and abroad, including, Scientists, Industrialists, policy makers and students would deliberate on the exciting subject which can offer infinite opportunities.
Mr M N Vidyashankar, Secretary Department of IT, Biotechnology and Science and technology, Karnataka Government who was also present, said that the European Commission has taken keen interest and participating in a big way. There will be exhibitions, poster display, seminars and lectures from eminent personalities on Research cooperation opportunities in Nano science and materials research. One session also been devoted to students in which over 400 students from over 12 colleges drawn from different parts of the state will take part.