Indigenous Development and Technology Acquisition : The Indian Viewpoint

India has chosen a two-pronged strategy to achieve techno-economic development: one focuses on establishing a climate for domestic technology development, and the other addresses the transfer and adaptation of technology from advanced nations. The author discusses India's support policy and various strategies for the development of the nation's technology base. The study also lists a number of foreign collaborations involving technology transfer that were entered into for improvement with the goal of achieving technical competence in various industries. A significant shift is also observed in the commercialization of domestic R&D efforts as well as in the purchase of technology in light of GATT and new economic liberalization initiatives. In order to obtain the tried-and-true technology with a demanding market and avoid paying royalties, which is necessary to contribute to the Government's recently established technology development fund, the Indian industry now prefers to import technological products rather than simply the technology