Govt offers hefty sums to attract talented NRIs | india | Hindustan Times
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Govt offers hefty sums to attract talented NRIs

The government has decided to offer lucrative packages to attract the best Indian-origin talent across the globe. A report by Chetan Chauhan.

india Updated: Sep 05, 2008 00:19 IST
Chetan Chauhan

Finally, India has decided to start a talent hunt to strengthen its research base in the biomedical field in the countries’ laboratories. The government has decided to offer lucrative packages to attract the best Indian-origin talent across the globe.

The Cabinet on Thursday decided to offer salaries up to Rs 1 lakh per month to researchers to work in Indian research laboratories. It approved setting up of a Special Purpose Vehicle to manage Rs 1,296 crore — to be equally contributed between the Department of Bio-Technology and Wellcome Trust of UK for the next 10 years. The SPV will have two trustees, an Indian and a representative of Wellcome Trust.

“The aim is to attract top class professionals of Indian origin to work in institutes for high-end biomedical research to make a global impact,” said a senior official of the department.

The Prime Minister is to launch India’s first such programme next week. Modelled on China’s success in getting back researchers, the government believes that the programme will help India improve its global record on producing Ph.D scholars. About 6,000 Ph.Ds are awarded in India every year as compared to 25,000 in China and 15,000 in Brazil.

Under the programme, the early career fellow would get up to Rs 7.16 lakh per annum, intermediate fellows up to Rs 9.65 lakh and senior fellows up to Rs 12.83 lakh per annum.

Besides the salary package, they will also get high-end medical facilities for themselves and their families. But only those who have proven global record on biomedical research can apply.

Every year 70 fellowships will be awarded under the programme in different areas of bioresearch. The selected candidates would be attached with different institutes to prove leadership in biomedical research, an area of international importance.