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December 14th, 2010

'Indian nanotechnology sector lags other countries'

Abstract:
The Nano Mission, the umbrella programme for capacity building in the field of nanotechnology in the country, aims to extend Rs 1,000 crore in funding support to projects over a period of five years. This translates into Rs 200 crore per annum.

"It is barely $44 million. That is not much for a discipline like nanotechnology which requires such expensive machinery," said Ajay Sood, professor, department of Physics, Indian Institute of Science (IISc) Bangalore.

"However, the Indian industry does not have the capacity to absorb even this though India has gone quite far in the last three to four years," he added.

Source:
business-standard.com

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