“We have always been saying that our research is strong but our industry linkage is weak. That is why we need industries to be more active participants in universities and vice-versa. Universities have to step into industry environment, we have to work together on a seamless transfer between universities and industry,” said, M M Pallam Raju, Union Minister for Human Resource Development.
Raju stressed the need to enhance collaboration between universities and industry to promote research and eventually benefit the society at large. Raju said he was appalled to know that none of the Indian universities figured among the top 200 global universities.
“There is a need to create intellectual property with proprietary rights by enhancing the knowledge base and help the country emerge as a major power, this could be done by expanding the knowledge base,” said Pallam Raju, speaking at the inauguration of a building of the School of Life Sciences at the University of Hyderabad.
“If you look at the information technology area today in India, we are creating a lot of intellectual property rights but it all belongs to somebody else. So, we have to reverse the trend. We have to start creating intellectual property that the country truly owns. That can only be done by commitment, dedication and also to a large share in our research and development side,” the Minister added.
“Today we only spend 0.8 per cent of our GDP on R&D. The Prime Minister has assured he would enhance it to two per cent. This spending is not only from the public sector but also from the private sector. We have to combine our efforts and see what we can do for the nation. We have to undertake research and development that is relevant to our needs,” he added.