In keeping with the theme of development, Prime Minister Mr. Narendra Modi has launched “The Make in India” campaign, targeted to transform India in to a manufacturing leader.
OBJECTIVE OF THE MAKE IN INDIA PROGRAMME
‘Make in India’ aims at increasing the GDP and tax revenues in the country, by producing products that meet high quality standards, and minimising the impact on the environment.It was also rolled out with the aim of creating millions of jobs in the country.
There exists an unexplored potential of integration between the Information Technology and the Biotechnology (BT). While the IT sector has largely developed due to the initiatives of the private sector; the growth of the Biotechnology sector has mainly been due to the efforts of the government.
However, the field of BT has not proved to be as rewarding as IT. There is a general lack of industries to absorb the scholars coming with a background in BT. As a result the field has declined in popularity and research. Read More…
After the creation of the WTO in 1995, there were speculations that India might not benefit from its participation in the international forum. WTO, at that time, was seen as an instrument of the US to further its interest. US' patent rules and regulations could ruin the Indian agriculture and pharmaceutical industry. However, contrary to the expectations, all have been good under the aegis of WTO. Today, WTO stand as India's greatest ally against US pressure on patents.
US pharmaceutical companies have been complaining that Indian patent regime is unfavourable to the US companies, like Novartis, as it does not recognise the patents on certain products. This, US consider, amounts to an infringement of the established norms on intellectual property rights (IPR), and thus producing Indian manufacturers in an advantageous position. Read More…