US scouts for Indian partners in R&D venture

US scouts for Indian partners in R&D venture
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First Published: Mon, Apr 23 2007. 05 58 PM IST
Updated: Mon, Apr 23 2007. 05 58 PM IST
New Delhi:The Commonwealth of Virginia, USA and Corning Inc. USA are actively seeking partnerships with researchers and scientists in India to create a collaborative model of research technologies and innovations with a focus on renewable energy, said Mr A P Chopra, Secretary, Technology, Commonwealth of Virginia at a session on R&D: Virginia Creating an Environment for Collaboration and Innovation, organized by the Confederation of Indian Industry (CII) on 23 April.
The partnership can bring in the experience of Corning in different scientific and technology fields and combine the capability and educational environment of Virginia Technology University to foster innovative ideas.
According to him, 10% patents filled in Virginia are by US citizens of Indian origin, showing importance of Indian community in progress of technology in US. Collaborative technology with Indian scientists and researchers would clearly be an advantage to creating global competitiveness in innovation.
Inviting Indian business community and researchers to take interest in the state of Virginia, Mr Chopra said that one out of every three jobs created in Virginia are in the field of technology. Higher educational institutes also play an important role in the growth of Virginia. Virginia is ranked eighth among all the States of the US in global competitiveness and has already crossed $900 mn (Rs4,050 crore) of business target in the current financial year.
Mr P O Gottschalk, Secretary, Commerce and Trade, Commonwealth of Virginia said that Virginia offers an opportunity of trade and business through its efficient global logistics. Virginia has an airport that is connected to 120 destinations and ports, allowing it to facilitate scenarios where US can trade with other countries.
Agriculture , cold storage technology and energy sectors can be tapped. India and US can develop and protect intellectual property together. According to Forbes.com, Virginia has the best business environment in the US and there are already five key sectors which can be potential areas of cooperation between companies in these two nations in global logistics, agriculture, infrastructure, R&D and Technology.
It was pointed out that India and US needed to speed up business initiatives to take advantage of the potential that exists between the two countries as India is doing only 10% of the business with US compared to China.
With over $50 mn (Rs2,250 crore)invested by India in Virginia as of September 2006, there is growing likelihood of a larger flow of investment towards bi-lateral trade between both the countries.
Corning Inc. is already present in India through telecom cables and technology provided to Indian companies, said Ms V L Gernand, Vice President –Global Commercial Development, Corning Inc. USA.
The company has identified intellectual potential in India and looks forward to tie-ups with Indian scientists in R&D ventures in India and Virginia. Corning also has an underlining commitment towards R&D that has found its base in Virginia and India can be a source of innovation for developing technology in different fields.
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First Published: Mon, Apr 23 2007. 05 58 PM IST