Nanotechnology: The Indian Scenario

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Nanotechnology research and commercialization activity in India is bolstered by improved private-public partnerships, and need-based research and development. Sensing the importance and application possibility of modern technologies, the Government of India has increased the central Science and Technology budget for its departments/agencies to over US $30 billon in the Eleventh Five-Year Plan (2007–2012), an approximate five-fold increase over the actual expenditure during the last Plan. Several private companies and large industrial houses have established in-house advanced research facilities dedicated to innovation in this area. Regulatory efforts are however in their infancy, restricted primarily to specification of standards for selected nanomaterials with some emphasis on nanotoxicity. Source

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