- Professor K Vijay Raghavan: “Regulatory system needs to be reformed, and the CSR mechanism broadened to leverage it in R&D activities.”
- Prof Ashutosh Sharma: “Need for a robust policy for the long term & also for identifying weak links to connect knowledge generators with knowledge consumers.”
- High-level Industry consultation roundtable for the formulation of STIP 2020 discusses ways to encourage industry to fund R&D
- They also discussed how to use CSR funds to create a culture in the industry, academia, and government for indigenous technology development and move towards self-reliance.
About 30 industry stalwarts, who are CII members, participated in the two-day roundtable meeting and shared their views and suggestions for the new STIP 2020 and discussed how to create an R&D ecosystem in a sustainable way to solve social problems. The industry captains stressed the need for more collaboration between industry & academia and also needed to increase R & D's investment as a percentage of GDP.
The deliberations focused on the need for more incentives and recognition to encourage industry to fund R&D and ways to leverage the use of CSR funds for the purpose. In the meeting, the industry leaders also discussed how to use CSR funds to create a culture in the industry, academia, and government for indigenous technology development and move towards self-reliance.
On the 2nd day of the high-level Industry consultation roundtable for the formulation of the new Science, Technology & Innovation Policy STIP 2020, Principal Scientific Adviser to India, Professor K VijayRaghavan, and DST Secretary Professor Ashutosh Sharma focused on the need for more incentives and recognition. It would encourage industry to fund R&D and ways to leverage the use of CSR funds for the purpose.
In his introductory address, Professor K VijayRaghavan highlighted that the regulatory system needs reformation, and the CSR mechanism broadened to leverage it in R&D activities.
Prof Ashutosh Sharma emphasized the need for a robust policy for the long term, which could attract industry investment in R&D & also for identifying weak links to connect knowledge generators with knowledge consumers.
In his opening remarks, Mr. Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII), re-emphasized R & D's critical facets. It needs to be immediately strengthened, such as the importance of public-funded research in the academic system, focused R&D programs, unlocking entrepreneurial ecosystem, IP valuation, cross-collaboration, and active translational research.
The two-day roundtable meeting was held over a virtual platform by theSTIP 2020 Secretariat in partnership with the Confederation of Indian Industry (CII) and Science Policy Forum. The consultation focused on inviting industry leaders' suggestions for the upcoming STIP 2020 that will pave the way towards a knowledge-based economy.
It is the first-ever high-level industry consultation for the formulation of a Science, Technology, and Innovation Policy. Its decentralized, bottom-up, and inclusive design process aims to re-strategize priorities, sectoral focus, and methods of research and technology development for broader socio-economic welfare.
Top leaders from an industry like Mr. Salil Singhal, Chairman & MD, PI Industries Limited; Dr. BVR Mohan Reddy, Executive Chairman, Cyient Limited; Mr. B Thiagarajan, Managing Director, Blue Star Limited; Mr. Deep Kapuria, Chairman, Hi-Tech Group; Mr. MS Unnikrishnan, Managing Director and CEO, Thermax; Mr. Kunal Bahl, Founder & CEO, Snapdeal; Mr. Ashank Desai, Founder & Former Chairman, Mastek Limited; Mr. Sanjay Nayak, CEO & Managing Director, Tejas Networks Ltd; Mr. Anand Deshpande, Chairman, Persistent; Mr. Palaniappan P, CEO, Mahindra- Waste to Energy Solutions Ltd; Mr. K Anant Krishnan, CTO, TCS; Mr. AjitSapre, Group President, Reliance; Dr. Badri Gomatam, Group CTO, Sterlite Technologies Limited; and Mr. KK Kaul, Director, DCM Shriram, shared their insights and expectation on the STIP 2020.
Head of STIP 2020 Secretariat & Advisor, DST, Dr. Akhilesh Gupta, presented an outline of the STIP2020 formulation process from Track 1 to Track 4 initiated by STIP 2020 secretariat. He also placed before the industry captains some of the key expectations of government.
The STIP 2020 Secretariat has been established jointly by the Office of Principal Scientific Advisor (PSA) and Department of Science and Technology (DST) to coordinate and execute the entire STIP 2020 policy-making process.
The Science, Technology, and Innovation Policy (STIP 2020) was flagged off jointly by the (Office of PSA), and DST as India and the world reorient in the wake of the COVID-19 crisis. The new policy expected to be released later this year, replacing the existing policy formulated in 2013.
The STIP 2020 formulation process is organized into four highly interlinked tracks, which will reach out to around 15,000 stakeholders for consultation in the policy formulation.
- The track I involve an extensive public and expert consultation process through Science Policy Forum – a dedicated platform for soliciting inputs from larger public and expert pool during and after the policy drafting process.
- Track II comprises experts-driven thematic consultations to feed evidence-informed recommendations into the policy drafting process. Twenty-one (21) focused thematic groups constituted for this purpose.
- Track III involves consultations with Ministries and States, while
- Track IV constitutes apex level multi-stakeholder consultation.
Source: PIB Press Release ID: 1636624