Centre to bring Innovation Law with the help of FICCI: Official

Bangalore, Dec 11(UNI) To accelerate the process of innovation in science and technology and promote research the Union Government, with the support of Federation of Indian Chamber of Commerce and Industries (FICCI), has planned to bring legislation on innovation.

Participating at the inaugural cereony of 3rd IEEE International Conference on e-Science and Grid Computing here last night Mr A K Chakravarthi, Advisor, Union Department of Information technology has said that through a seperate legislation the centre wanted to encourage and promote innovation in the country in the field of science and technology.

Stating that recently the United States had introduced such law to strengthen science education, research and develop infrastructure to promote innovation Mr Chaturvedi informed that India also on the threshold of introducing similar law and FICCI was asked to frame draft legislation on the issue.

He also exuded confidence that the law will help to bring the academia and industry together for technology development and promote innovative programmes. "It also intended to help the small and medium enterprises sector to file for international patents for their products while encourage student community to innovate and invent while they were still in study" he said.

He said that FICCI, which is working to prepare draft praposals was expected to submit it in next 3 to 4 months and government had earmarked Rs 25 crore on pilot basis once legislation becomes law, he said.

UNI