India to contribute 25% skilled workforce in global nanotechnology industry by
next decade: Assocham Study
10/06/2014 16:50
India is expected to contribute about 1/4th of skilled workforce in global nanotechnology industry during the course of next decade, according to an ASSOCHAM-TechSci Research joint study. “From 2015 onwards, global nanotechnology industry would require about two million professionals and India is expected to contribute about five lakh professionals in the coming years,” noted a study titled ‘Nano India: Policy & Regulation,’ jointly conducted by ASSOCHAM and TechSci Research. “India needs to introduce nanotechnology concept at primary school level, besides, there is also the need to introduce nano-clusters/parks in the country,” the study said. In 2011, India’s share in global nanotechnology research publications had reached six per cent from a mere two per cent in the year 2000, noted the study. “With its major contributions in applied physics, material science and macromolecules, India had outpaced several countries like Brazil, Taiwan, the UK and France in terms of research publication.” However, the nanotechnology market in India is likely to witness strong growth on account of increasing government focus on developing and enhancing nanotechnology, the study added. “Besides, growing awareness and contribution by institutions together with increased funding, India is likely to achieve significant growth in nanotechnology.” Though Government has been highly active in funding nanotechnology development in India, however, the operations need more focus and streamlining as technology has multi-disciplinary nature, hence proper utilization of funds is the need of the hour. The future of nanotechnology in India is largely dependent on the scale of investment spending and ability to introduce revolutionary products in the market, further noted the study.
10/06/2014 16:50
India is expected to contribute about 1/4th of skilled workforce in global nanotechnology industry during the course of next decade, according to an ASSOCHAM-TechSci Research joint study. “From 2015 onwards, global nanotechnology industry would require about two million professionals and India is expected to contribute about five lakh professionals in the coming years,” noted a study titled ‘Nano India: Policy & Regulation,’ jointly conducted by ASSOCHAM and TechSci Research. “India needs to introduce nanotechnology concept at primary school level, besides, there is also the need to introduce nano-clusters/parks in the country,” the study said. In 2011, India’s share in global nanotechnology research publications had reached six per cent from a mere two per cent in the year 2000, noted the study. “With its major contributions in applied physics, material science and macromolecules, India had outpaced several countries like Brazil, Taiwan, the UK and France in terms of research publication.” However, the nanotechnology market in India is likely to witness strong growth on account of increasing government focus on developing and enhancing nanotechnology, the study added. “Besides, growing awareness and contribution by institutions together with increased funding, India is likely to achieve significant growth in nanotechnology.” Though Government has been highly active in funding nanotechnology development in India, however, the operations need more focus and streamlining as technology has multi-disciplinary nature, hence proper utilization of funds is the need of the hour. The future of nanotechnology in India is largely dependent on the scale of investment spending and ability to introduce revolutionary products in the market, further noted the study.
