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April 24th, 2008
A subsidiary of US-based measurement tools firm Agilent Technologies Inc., Agilent Technologies International Ltd, plans to collaborate with leading Indian universities to scout for research ideas that can be converted into market opportunities.
Starting October, Agilent will accept doctoral research proposals from students at Indian universities, and will fund and mentor them if it finds the ideas relevant to it.
It will start with the premier Indian Institutes of Technology and the Indian Institute of Science before reaching out to other universities.
"Technologies should have a price value relevant to India," said Venkatesh Valluri, president and country general manager of Agilent Technologies International, implying that a home-grown process would also be cost-effective.
"The Indian market (for measurement tools) is roughly about $500 million (Rs2,000 crore) now and will double in three years. That's a tremendous growth, given that most developed markets are growing at about 2-3%," he added.
Globally, the measurement market is about $43 billion, according to Valluri. Agilent Technologies Inc. had reported revenues of $5.4 billion in fiscal 2007.
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