India will double its spending on research and development related to science and technology during the 12th Five Year Plan starting next year, Minister of State for Science and Technology Ashwani Kumar said Tuesday.
"The government is giving a big push to science and technology during the 12th Five Year Plan (from 555-5555). The expenditure on department of science and technology will be doubled to Rs150,000 crore amounting to 0.6% of country's GDP (gross domestic product)," he said.
The minister also said that being the third largest growing economy of the world, India needs to enhance allocations for science and technology.
"We have decided to give great significance to science- and technology-related research studies to enthuse people to pure sciences, applied sciences and research. There has been a significant decline in interest of students in science and technology but we are going to reverse this," he said.
Ashwani Kumar said the ministry has decided to partner with institutes of higher education, schools and science institutes to make science popular among students.
The government is also planning to increase the grants for INSPIRE - scholarship for science students - from Rs640 crore to Rs3,000 crore in next five years.
About some of the important projects taken by the ministry, Kumar said: "In the wake of tsunami in Japan, India is drilling an 8 km bore hole in Koyna region of Maharashtra for advance prediction of earthquakes."
"India is also among the five countries setting up the world's largest telescope in Hawaii to study planetary movements," he added.
Source: igovernment
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Anonymous Sun, 2011-05-01 09:14
This is really a good news. We need to increase the funding for research. However considering the significant participation of private organisations in the field of Higher Education, proportionate funding should also go to the private universities and institutes of higher learning





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