IITB Central Library 2.0 Service

Long-term R&D research key to India’s success: Kapil Sibal

Posted on: January 9, 2011

By DNA
Nearly 100 alumni of class ‘70 batch of the Indian Institute of Technology-Bombay (IIT-B) gathered in the campus on Saturday for their 40th reunion.

Union human resources development minister Kapil Sibal inaugurated the Victor Menezes Convention centre (VMCC) at the campus.

The institute hopes that the convention centre will act as a stimulus to increase research and development initiatives and enhance collaboration with the industry. Sibal also stressed on the fact that development in science and technology is the key to several problems of mankind.

Sibal, who was to speak on the role of technology, knowledge and innovation in transforming India, said, “Long-term growth that will permit us to become affluent requires support for a highly skilled workforce, innovation, technological upgrading and ultimately new technology development.”

He also spoke at length about the development in the R&D in the country. Growth in the medical, pharma industry was also mentioned. Sibal stated that the country is in the process of enacting a law that facilitates publicly funded R&D institutions in India to license their intellectual property.

“We are therefore setting up national and state-level intellectual property and technological management facilities to assist our academic institutions on valorizations of their outputs. I am sure after the act, we will see plenty of inventions by Indian educational institutes and universities,” he added.

Devang Khakhar, IIT-B director, said, “VMCC is already receiving many booking requests. We are proud of our alumni like Menezes, whose achievements have enhanced the reputation of IIT-B.”

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