Less than 1 percent spent on R&D in scienceMarch 11th, 2008 - 8:57 pm ICT by admin
New Delhi, March 11 (IANS) A mere 0.8 percent of the Gross Domestic Product (GDP) is spent on research and development in science and technology, the Lok Sabha was informed Tuesday. Minister of Science and Technology Kapil Sibal said the government had taken several measures to increase spending on science and technology.
“These measures include higher allocation for scientific research for setting up new institutions for science, education and research,” he said.
He said the government was creating centres of excellence and facilities in emerging and frontline areas in academic and national institutions.
Also, the ministry was offering new and attractive fellowships, strengthening infrastructure for research and development in universities and encouraging public-private partnerships.
The ministry had also unveiled national awards for outstanding research and development projects, he said.
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