Prime Minister seeks huge rise in private sector R&D

Prime Minister Manmohan Singh has told eight of his ministries to look for ways of boosting private sector R&D investment from 20 per cent of the national total to 50 per cent, The Times of India reported on 7 September.

The Prime Minister set out his goal during a meeting of eight ministries related to science and technology on 2 September. He reportedly told ministers to take advantage of foreign interest in Indian investment opportunities to boost private sector science.