PM to unveil first report of innovation council on Tuesday | delhi | Hindustan Times
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PM to unveil first report of innovation council on Tuesday

Prime Minister Manmohan Singh will release the first report of the National Innovation Council (NIC), which has been set up to promote new ideas for inclusive development, on Tuesday.

delhi Updated: Nov 12, 2011 18:10 IST

Prime Minister Manmohan Singh will release the first report of the National Innovation Council (NIC), which has been set up to promote new ideas for inclusive development, on Tuesday.

"NIC which was established to recognise the potential of innovation to bridge unmet needs an access gaps in vital sectors like agriculture, education and energy, will release its first report on November 15," an official releaes said.

The occasion will also be graced by finance minister Pranab Mukherjee, human resource development minister Kapil Sibal, MSME minister Virbhadra Singh and Planning Commission deputy chairman Montek Singh Ahluwalia.

In a bid to spur innovation in key sectors of the economy, Singh had given his nod to set up the NIC headed by telecom czar Sam Pitroda, with special focus on micro, small and medium enterprises for 2010-20, last year in August.

The NIC has been tasked with formulating an implementing an Indian model of inclusive innovation that can deliver these and with preparing a roadmap for innovation in the country.

The Report to the people captures the first year of NIC's activity. It highlights key NIC initiative across a wide range of areas like financing, productivity and competitiveness, education, communication and advocacy, government framework and others.

The council is also in the process of setting up a billion dollar fund to encourage innovation in the country.

Other members of the Council are Ramesh Mashelkar, former director general of CSIR, Kiran Karnik, former president NASSCOM, Devi Prasad Shetty of Narayana Hrudyalaya, R Gopalakishnan, executive director of Tata Sons, Kiran Mazumdar Shaw, chairperson of Biocon.