How to Maximize Returns from the Investments in Science and Technology in India? – Answered
In order to maximize returns from the investments in science and technology, it is necessary that policies covering S&T, Industry, Finance and Agriculture must be meaningfully intermeshed.The recent Industrial Policy has reserved only very few industries for the public sector, reduced the sectors where industrial licensing was earlier necessary, liberalised the procedures relating to technology acquisition and investment, removed the restrictions on large companies and redefined the goals of the public sector undertakings.For this, the technology development must take place in a competitive environment and the policy for industrial research and development should be appropriately reoriented. In the formulation of future policy for the industrial R&D, the spirit and guidelines of the New Industrial Policy must be followed. Image Source: current-affairs.org ADVERTISEMENTS: In consonance with the agricultural policy, S&T inputs…