Ramp up R&D spend to be competitive, Indian IT told

By agencies   |   Tuesday, 02 August 2005, 19:30 IST
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NEW YORK: The Indian information technology (IT) industry must enhance spend on research and development efforts to ramp up innovation and to ensure continued global leadership position, according to a survey. The survey, appearing in a paper titled “India's Strategy of IT-led Growth: Challenges of Asymmetric Dependence”, has been prepared by the Center for Advanced Study of India (CASI) located at the University of Pennsylvania. The paper highlighted the problems affecting the IT growth and said companies’ low budgetary allocation for R & D was a major cause for concern. “If Indian companies do not use these times of plenty to devote a higher share of their revenues to R&D, they will find it difficult to ramp up innovation and consolidate their intellectual competencies,” the study paper said. Founded in 1992, Center for Advanced Study of India is the only research institute in the United States dedicated to the study of contemporary India. “Well-educated young Indian professionals, who assert they can take on the world and win, also express frustration about not yet standing at the technology frontier, and falling behind in hardware design and production,” it said. The paper has been edited by Francine Frankel, Director of Center for Advanced Study of India . The key goals of CASI are to nurture a new generation of scholars across disciplines and to provide a forum for dialogue among the academic, business and foreign policy communities. Through its collaborative research initiatives, seminars, conferences, publications and outreach programs, CASI provides in-depth, policy-relevant analysis of issues currently facing India and Indo-U.S. ties.

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