December 02, 2008

Indian government spends only 7 million on Nano tech research

ASSOCHAM recently reported that the Indian government funding for the research and development in the Nano technology sector is mere 7 million dollars even while smaller countries such South Korea is spending around 233 million dollars.

Mr Sajjan Jindal president of Assocham said that "India is also lagging behind in the global nanotech based scientific publications, despite the growth it is witnessing in its Nano technology sector."

As per report, the figures appear dismal as compared to that of the developed countries such as Germany that spends 395 million dollars, France 301 million dollars and UK 180 million dollars on Nano technology.