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Sustainable Development: The Current Indian Scenario

S. V. A. R. Sastry, Ch. V. R. Murthy

Abstract


India has emerged as one of the most promising countries for the development of a biotechnology business pole because it is a mega biodiverse country containing more than two million different species of animals, plants and microorganisms. One of the biggest drawbacks of this country is the laws that govern innovation: intellectual property law and provisional measures of access to genetic resources do not encourage innovation in this sector. The evaluation system of universities is also a factor that delays innovation because the number of scientific articles is more important than the development of new services, products and processes. Moreover, the country features a wide variety of skilled PhD researchers. These researchers are highly capable of adapting, researching and innovating in an environment with limited financial resources. The national biotechnology strategy has emerged in an atmosphere of contradictions, with several financial and governmental incentives and limitations on the dual education - business environment and laws. The Indian biotechnology scenario is discussed in this article by aggregating national realities and difficulties for the strengthening of one of the globally emerging technologies.

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References


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