The Hindu : Karnataka / Bangalore News : Technology innovation should be indigenous: Montek

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Monday, Oct 29, 2007
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Technology innovation should be indigenous: Montek

Special Correspondent

‘Own technology can bring down costs of goods and services’
‘India, in the next decade, can become a middle income country’

Bangalore: Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said here on Saturday, that “technology innovation should exist indigenously; we should create it ourselves without being tied down to intellectual property rights of others, as the technology sector is largely doing now. Our own technology can even bring down costs and make many goods and services affordable to the average Indian”.

Speaking at the concluding session of the three-day 2nd Annual International Conference on “Entrepreneurship, Innovation and Economic Growth” at the Indian Institute of Science, Mr. Ahluwalia said even the Government in the post-liberalisation environment could encourageresearch within the country, linked to market needs and that of citizens. Successive governments had built a solid foundation for indigenous research and now it could promote economic growth faster.

“Population growth has steadily come down and per capita income is increasing around 8 per cent annually; this combined with a strong GDP growth, India, in the next decade, can become a ‘middle income’ country, though not a rich one,” he said. There was a social cost to pay for development and a social security net had to be designed without interfering with the structural changes that had become necessary, he said. IISc. Director P. Balaram, thanked Max Planck Institute of Economics, Germany, for supporting the conference.

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