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Assocham strategic vision for technology industry

The Associated Chambers of Commerce and Industry of India (Assocham) has formulated a strategic vision for the technology industry which enjoins upon the major stakeholders to strengthen patenting and IPR instruments, access to information and tap the WTO open-door opportunities for attracting investments and servicing global markets.

The vision, unveiled by the Assocham president, K.K. Nohria, underscores the need for scientists, industrialists and the Government to explicitly recognise Industry Science Technology Interface (ISTI) as an strategic tool and commitment to establishing effective interface facilities at both macro and micro levels in all facets of the technology industry.

It says that the policy-makers and scientists need to make a clear distinction between the economic and socio-cultural branches of technology development, and get committed to the `paymaster concept’ to nurture and develop a strong technology industry, thereby endorsing a dual path to development of S&T.

The Assocham chief said it was also imperative to recognise and adopt the strategic option of the MNC route to achieve our ends towards global competence and supremacy. The vision says that in an economically globalising and competitive world, efficiency and costs lay down the rules.

For a technology industry to survive and win in such a situation, let alone achieve global supremacy, the stakeholders need to understand and implement the criterion of paymaster at every step of their planning. The mantra will be who is the paymaster for this product/technology and who is going to want it badly enough to pay for it.

Hence, the proactive first step here would be to identify the product/process that someone is willing to pay for in the technology market.

Then the policies of the Government and large research institutions would need to work on a dual plane of responsibilities towards self-sustaining technology production facility which is market-oriented, and generates wealth and technology facilities concerned with societal benefits of education, health and social utilities and contribute to the quality of life and security of the nation.