Feeds

Indian government to buy in tech for social good

Acquisition fund could start on farming tech next year

Security for virtualized datacentres

The Indian government has revealed ambitious plans to set-up a Technology Acquisition Fund designed to facilitate the purchase of technologies from across the globe in order that they may be modified and commercialised domestically to benefit the whole of Indian society.

Renu Swarup, an advisor to the country’s science and technology ministry, told local news agency the Press Trust of India (PTI) during a trip to the US that the fund would probably launch next year.

"The purpose is to buy and acquire technologies either nationally or globally. And these would be technologies for public good,” she said.

“Wherever there is technology which is already available, having affordable product development, we do not really need to reinvent the wheel, bring in those technologies and these would be then bought by the government and made available to a consortium of industries.”

Shipping in fully-formed technologies would be more cost-effective in many cases than having home-grown scientists work on developing products and services with similar capabilities, she reportedly argued.

“At the moment we do not even have a database of the available technologies. We haven't done sufficient technology mapping at the moment,” Swarup told the PTI.

“Once we do that mapping, only then we can actually take a decision on what this technology fund would be or what its size would be. We haven't earmarked any specific budget as of now."

Like China, India has one of the fastest growing economies in the world, driven by a massive population and a growing middle class.

However, huge social and economic inequalities remain in the sub-continent. The most recent national census poll, for example, found that more Indian households have a mobile phone than an indoor toilet.

The same poll reported that around a third of households are still lit by kerosene lamps and nearly half have mud floors.

If established, the acquisition fund is likely to put at least some of its focus on developing technology in the agricultural sector, the report suggested. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.