Government to invest largely on innovation for knowledge leadership: Ramasami

November 15th, 2007 - 10:47 am ICT by admin  

New Delhi, Nov 15 (ANI/Business Wire India): Dr. T. Ramasami, Secretary, Department of Science and Technology, has said that national innovation project is sourcing six billion dollars from World Bank to back-up innovation and inventors with risk capital.
Dr. Ramasami said this at the inaugural session of Knowledge Management (KM) India - the Knowledge Summit 2007, which is being organised by the Confederation of Indian Industry (CII), here till November 16.
The summit is focused to meet the strategic requirement of the country through knowledge management by creating a better understanding of knowledge management practices, research and practical applications.
On the government initiatives towards KM, Dr. Ramasami said, National Mission has set aside Rs.1000 crore as a long term programme to create and promote knowledge clusters.
He said that the knowledge clusters will develop and explore already existing resources along with management of the surplus human capital of India.
Government is looking at larger propositions to develop India as the knowledge capital of the world and has initiated Public - Private Partnership to have sustainable growth in the competitive global knowledge economy, he added.
He further added the Intellectual Property Right (IPR) laws are effective in the country and innovators should be aware of their rights.
CII, through this summit has brought together KM practitioners, policy makers as well as academicians and researchers.
Sunil Bharti Mittal, President of CII, said, CII is creating a platform for the knowledge management by bringing all the stakeholders on a single platform through KM India - the Knowledge Summit 2007 with a focus on creating a more robust Indian ecosystem that generates economic value through the effective harnessing of knowledge and intellectual capital, within knowledge-based organisations and industries.
On the changing knowledge scenario of the world, Mittal said that the knowledge that India has produced, should belong to India.
India should capitalise on the innovations and create an environment to manage the knowledge. India has to provide skill set to the large section of school dropouts to support the economy and make human resource a national asset, he added.
KM is the process of transforming the youth into skill based resource and gain advantage of the knowledge based products and services, he said. The initiation of KM is an arduous and continuous process for the society and the organisation, mentioned, he said.
He also said that Indian companies should use KM tools effectively to survive in the competitive global market and knowledge should be managed well for the sake of future.
CII, through its theme of ‘Building People, Building India’ will ensure that companies and society should encourage KM as a part of the ecosystem, he added.
Ashok Soota, Past President of CII and Chairman and Managing Director of Mindtree Consulting said, India must revolutionise traditional means of talent creation and knowledge production, via our education system and introduce new mechanisms that help create a sustainable knowledge ecosystem through better knowledge management practices.
In order to bring focus on creativity and innovation, India needs to create open ended exploration and experimentation opportunities for students, he added.
He also said that stress should be given to humanities and liberal arts education as much as given to science, engineering and medicine as innovations emerge from cross disciplinary views.
He added that intellectual and technical infrastructure is required to leverage the existing brain power.
To promote and develop the KM practices, Soota recommended the following:
– Need to open ended exploration and experimentation into Indian educational process.
– Roll of humanities and arts should be stressed in the education as cross disciplinary teams will lead the way to innovation.
– Create an annual get together of stakeholders in a summit to bring out clear actionable that can be used to strengthen the knowledge eco-system.
– Spread the social movements around knowledge and idea exchange.
– Build an online portal that creates connections and ends the problem of distance.
Vikram Tiwathia, Chief Information Officer of CII said, KM has been short-listed as a special category in ‘e Governance Awards’. The emphasis on KM can only be realised by bringing the knowledge ‘haves’ and ‘have nots’ together in the globally connected environment.
KM should be a continuous process by bringing together the practitioners, inventors and investors to convert technology into value proposition and leverage the knowledge advantage, he added. (ANI)

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