PM unveils new science, technology and innovation policy

India on Thursday unveiled a new science policy that lays greater thrust on innovation, establishing research institutes and encourage women scientists with an aim to position itself among the top five scientific powers in the world by 2020.

The Science, Technology and Innovation Policy, 2013 also speaks of modifying the intellectual property regime to provide for marching rights for social good when supported by public funds and co-sharing of patents generated in the public private partnership mode.

Unveiling the STI policy, Prime Minister Manmohan Singh said it aspires to position India among the top five global scientific powers by 2020.

"It is an ambitious goal," he said, adding the policy also aims at producing and nurturing talent in science, to stimulate research in universities, to develop young leaders in the field of science and to reward performance.

It also seeks to create a policy environment for greater private sector participation in research and innovation and to forge international alliances and collaborations to meet the national agenda, he said.

The policy also talks of raising gross expenditure in R&D to two per cent of GDP from the current one per cent in this decade by encouraging enhanced private sector contribution.

"The policy is truly aspirational and seeks to accelerate the pace of discovery and delivery of science-led solutions for faster, sustainable and inclusive growth," Science and Technology Minister S Jaipal Reddy said.

He dubbed the policy as a 'rare and resounding expression of collective will and wisdom of the Indian scientific community that is at once a product of and a clarion call of the scientific community'.