Stressing on the need of creating the right ecosystem for innovation to thrive, Vice President Venkaiah Naidu asked scientific institutions to nurture talent and foster path-breaking innovations to transform the socio-economic landscape of the country. "Though we are progressing on various fronts, incremental improvements are not enough. We need to nurture our existing talent and foster creative disruption and path breaking innovations," the Vice President said at the Platinum Jubilee Celebrations of CSIR-IICT (Indian Institute of Chemical Technology).
The Vice President also emphasized that there's need to hugely step up investments in Research & Development to promote the culture of innovation and discovery and added that the government must facilitate this quest for excellence by providing funds, freedom and flexibility. Naidu also asked the private sector to come forward to liberally support research.
"Scientific innovations from penicillin to space technologies have changed the world forever. Modern drugs, internet, e-commerce, digital learning, innovations in agriculture, bio-technology, construction and infrastructure are some of the innovations that have had a profound transformative impact on our lives. These innovations have by and large been led by the private sector, however, government has a great responsibility," he said.
Praising Council of Scientific & Industrial Research (CSIR) for being recognized as top 10 amongst a total of 1,207 government institutions based on a composite indicator, the Vice President said "the right ecosystem for research and innovation needs to be created in all the scientific labs by reducing procedural bottlenecks, removing hierarchical barriers and resetting priorities."