New Delhi, Jan 8: Minister for Science & Technology, Prithviraj Chavan has said that Government plans to increase its expenditure on R&D from 1 percent of GDP to 2 percent.
He said that the Government of India will focus its R&D efforts in the current decade on translating lab research into product and process innovations that benefit the masses.
He was speaking at the Inaugural Session of the Seminar on 'Nanotechnology' of the Pravasi Bharatiya Divas organized by the Ministry of Overseas Indian Affairs jointly with CII and the Government of NCT of Delhi.
The Minister said that the challenges of Science & Technology are much tougher in the 21st century as we have to find solutions to the problems of the people.
The Minister also emphasized the importance of channelizing young and fresh talent to science & technology.
Chavan urged the Indian diaspora to work with the governments in their adopted countries and the Indian industry and government to collaboratively find solutions using science and technology.