Dr M M Pallam Raju, Union Human Resource Development Minister stressing on the need for more contribution from industry in research said that the most of the funding at present for Research and Development in the country is coming from the Government side.
Calling for greater private sector involvement, the Minister said that the industry should engage itself more in terms of not only funding but also in skill development, innovation and entrepreneurship. The Minister said this while speaking at the ‘International Workshop on Industry-Academia collaboration for Greater National Productivity’ organised by Confederation of Indian Industries (CII).
Pallam Raju has called for closer partnership between academia and industry. Speaking at a two day international workshop on industry academia collaboration for greater national productivity in New Delhi today, he said that the gap between the two has to be bridged to enhance employability of our people.
Stressing the need for more contribution from industry in research, the Minister said that the most of the funding at present for Research and Development in the country is coming from the Government side. Calling for greater private sector involvement, the Minister said that the industry should engage itself more in terms of not only funding but also in skill development, innovation and entrepreneurship.
He said while China spends more that one and a half per cent of its Gross Domestic Product on research and development, India spends less than one per cent.
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