ITADCs to emerge as one-stop growth hubs for Textile Entrepreneurs: Giriraj Singh (See 'Corp Brief') NMCG's focus on Nature Based Solutions: Initiation of two pilot projects and training programs on NbS (See 'Corp Brief') IPR - For purposes of Sec 57 of Trade Marks Act, foreign proprietor may succeed in rectification by proving that its mark had acquired actionable recognition, even without formal commercial launch or direct sales: HC (See 'Legal Desk') Insurance Division, DFS, secures 2nd Rank in Group A Category Grievance Redressal Assessment (See 'Corp Brief') Standing Committee of National Board for Wildlife reviews progress on Key Conservation Initiatives (See 'Corp Brief') BharatNet-enabled integrated phygital service delivery model secures global honour (See 'Corp Brief') IBC - Demand notice in Form B under Rule 7(1) of Personal Guarantor Rules is only procedural requirement prior to filing and does not amount to invocation of guarantee: NCLT (See 'Legal Desk') Shivraj Singh Chouhan, Taliban minister discuss agricultural ties (See 'Corp Brief') Union Ministry Launches Integrated Training for Primary Healthcare Teams (See 'Corp Brief') Advancing Women's Leadership at Grassroots, held as part of BRICS Women Ministerial Meeting in Kochi (See 'Corp Brief') SARFAESI - Borrowers who fail to timely invoke MSME framework are precluded from seeking its protection at belated stage after SARFAESI proceedings have commenced: HC (See 'Legal Desk') Bhubaneswar Declaration charts roadmap to transform Tribal Research Institutes into centres of excellence (See 'Corp Brief') TEC signs MoU with BECIL to strengthen Telecom and Broadcasting Ecosystem (See 'Corp Brief') NLDSL and Punjab sign MoU to strengthen Digital Logistics Ecosystem (See 'Corp Brief') Competition Act - OP entered into anti-competitive agreements & abused its dominant position by imposing unfair & restrictive conditions on participants in its beauty pageant, in contravention of Sections 3 & 4 - D-G to probe matter: CCI (See 'Legal Desk') Kamarajar Port becomes India's Second Major Port with 18-Metre Draft Capability (See 'Corp Brief') Large-Scale Infrastructure Expansion opens up Opportunities for Budding Engineers (See 'Corp Brief') CCI okays merger of 51 Malabar Group's companies into Malabar Gold and Diamonds Ltd (See 'Corp Brief') IBC - Delayed creation of security cannot be treated as transaction in normal course of business: NCLAT (See 'Legal Desk') CCI approves acquisition of equity in Sorting Hat Technologies and merger into upGrad Education (See 'Corp Brief') Atal Innovation Mission Strengthens Eastern India Innovation Ecosystem (See 'Corp Brief') Giriraj Singh to inaugurate 'Indie Haat 2026' (See 'Corp Brief') IBC - Rent Tribunal lacks jurisdiction in cases involving entities undergoing CIRP, per Sections 60(5)(c) & 238 of IBC, which confer exclusive jurisdiction upon the Adjudicating Authority in CIRP matters: NCLT (See 'Legal Desk') Labour Ministry translates objectives of Labour Codes to provide timely relief to workers (See 'Corp Brief') Trade Marks - Mark KREOFLAT is distinctively similar to existing mark of PANKREOFLAT where former copies essential & distinctive features of latter, thereby making the former visually, phonetically & deceptively similar: HC (See 'Legal Desk') CAQM reports 62 air pollution violations across NCR in 17 days; proposes closure of four units (See 'Corp Brief') Utsav & Chintan Shivir 2026 to focus on institutional reforms for a technology-driven, and citizen-centric legal ecosystem (See 'Corp Brief') Sukesh Chandrashekhar con saga - co-accused gets bail - stringent conditions of Section 45 of PMLA can be relaxed for women, more so considering extraordinary circumstances: HC (See 'Legal Desk') Govt raises onion procurement price by 13% to Rs.2,125 per quintal (See 'Corp Brief') India's last 12 years have been a progression from shortages to building Viksit Bharat: RM (See 'Corp Brief') SARFAESI - Writ jurisdiction under Article 226 should ordinarily not be exercised where efficacious alternative remedy exists, particularly in matters arising under the SARFAESI Act: HC (See 'Legal Desk') India's youth will power AI, robotics with Made in India chips: PM (See 'Corp Brief') Competition Act - Allegations relating to use of private vehicles without commercial permits, non-compliance with Motor Vehicles Act, opaque GST & STA tax practices, & related issues fall outside scope of Competition Act: CCI (See 'Legal Desk') Tech Innovation and disruption in Construction Industry (See 'CORP EINSICHT')

Print

New STP - Business captains call for dovetailing industry & academia

Published: Jul 03, 2020

By TIOLCORPLAWS News Service

NEW DELHI, JULY 03, 2020: Top leaders of industries interacted with Principal Scientific Advisor to the Government of India and Professor K Vijay Raghavan and DST Secretary Professor Ashutosh Sharma at the high-level Industry consultation roundtable for the formulation of the new Science, Technology & Innovation Policy STIP 2020 and discussed ways to make the policy a strong one that would encourage more industry participation in R&D activities.

While chairing the consultation meeting, Professor K Vijay Raghavan, called for discussions about disruptive strategies to boost investment in R&D, ensuring benefits for industry from such investment as well as ways to mitigate investment risk. In his address to the industry leaders, Prof Ashutosh Sharma outlined the importance of investment in R&D and said that industry should not just invest in R&D but benefit more from R&D. He requested Industry leaders to identify missing elements that could connect industry to academia so that gap can be filled in the new policy.

This is the first-ever high-level industry consultation for the formulation of a Science, Technology, and Innovation Policy, which by way of its decentralized, bottom-up, and inclusive design process, aims to re-strategize priorities, sectoral focus, and methods of research and technology development for larger socio-economic welfare. The roundtable meeting was held over a virtual platform by the STIP 2020 Secretariat in partnership with Confederation of Indian Industry (CII) and Science Policy Forum.

The consultation was focused on inviting suggestions from Industry leaders for the upcoming STIP 2020 that will pave the way towards a knowledge-based economy. About 15 industry stalwarts participated in the first day of the roundtable meeting and shared their views and suggestions for the new STIP 2020 and discussed how to create an R&D ecosystem in a sustainable way to solve social problems. Top leaders from industry like Dr. Naushad Forbes, Co-chairman, Forbes Marshall Private Limited; Mr. S Gopalakrishnan, Co-Founder, Infosys Limited and Chairman Axilor Ventures; Mr. C P Gurnani, Chief Executive Officer & Managing Director Tech Mahindra Limited; Mr. R Mukundan, Managing Director, Tata Chemicals Limited; Dr. Ramesh Datla, Chairman & Managing Director, ELICO Limited; Dr. Rajesh Jain, Managing Director, Panacea Biotec Limited; Ms. Anu Acharya, CEO, Mapmygenome; Dr. Rajiv I Modi, Chairman & Managing Director, Cadila Pharmaceuticals Limited; Mr. Sumant Sinha, Chairman and Managing Director, ReNew Power Limited; Dr. Gopichand Katragadda, Founder & CEO, Myelin Foundry; Dr. Debashish Bhattacharjee, Vice President, Technology & New Materials Business, Tata Steel Limited; Dr. Suresh Jadhav, Executive Director, Serum Institute of Indian Pvt. Ltd; and Dr. Venkata Ramana, Chief Scientific Officer, Reliance Life Sciences, shared their insights and expectation on the STIP 2020.

The industry captains stressed on the need for more collaboration between industry & academia and also need to increase the investment in R&D as a percentage of GDP. Head of STIP 2020 Secretariat & Advisor, DST, Dr. Akhilesh Gupta, presented an outline of the STIP2020 formulation process from Track 1 to Track 4 initiated by STIP 2020 secretariat. He also placed before the industry captains some of key expectations of government.

The STIP 2020 Secretariat has been established jointly by the Office of Principal Scientific Adviser (PSA) and Department of Science and Technology (DST) to coordinate and execute the entire STIP 2020 policy-making process.

The Science, Technology, and Innovation Policy (STIP 2020) was flagged off jointly by the (Office of PSA), and DST as India and the world reorient in the wake of the COVID-19 crisis. The new policy is expected to be released later this year, replacing the existing policy, which was formulated in 2013.

The STIP 2020 formulation process is organised into 4 highly interlinked tracks, which will reach out to around 15,000 stakeholders for consultation in the policy formulation. Track I involves an extensive public and expert consultation process through Science Policy Forum - a dedicated platform for soliciting inputs from larger public and expert pool during and after the policy drafting process. Track II comprises experts-driven thematic consultations to feed evidence-informed recommendations into the policy drafting process. Twenty-one (21) focused thematic groups have been constituted for this purpose. Track III involves consultations with Ministries and States, while Track IV constitutes apex level multi-stakeholder consultation.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.