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Government to support agricultural sector, clinical trials of new technologies

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According to TDB secretary Rajesh Kumar Pathak, the Technology Development Board (TDB) under the Ministry of Science and Technology will start providing funding for agriculture field trials and clinical trials of new technologies.

At a meeting on funding from the GoI for Technology Development held here on Saturday, he said the board would fund agricultural field trials and clinical trials of technologies developed by any organization or industry. said it was decided. A committee was set up to decide how the funding would be raised.

In addition, TDB strengthens capital investment support start-ups. Extends up to 70% of capital expenditure (capex) for start-ups wishing to commercialize their innovations. 50% of the capital investment will be offered as low interest loans and the remaining 20% ​​will be offered as convertible shares. So far, TDB has supported start-ups wishing to commercialize new technologies with 50% of the capital investment.

In a move to boost domestic production, the Ministry of Health and the Ministry of Science and Technology formed a task force to recommend a range of chemicals for India to manufacture. These chemicals are now imported. He said the committee has met several times and will issue a list soon.

Regarding the new science, technology and innovation policy, he said the government is likely to announce it soon.

Textile Commissioner Roop Rashi pointed out that the Textile Research Institute has developed several innovative products. Companies that had good industrial partners were able to commercialize their innovations. Funding is essential for innovation to be commercialized, and there were instruments such as his TDB for industry and research institutions to consider.

Mr T. Rajkumar, Chairman of the Confederation of Indian Textile Industry, said Coimbatore is at the forefront of several industrial sectors and is known for its innovation and technological development.

Coimbatore has had two centers of excellence in technical textiles, according to Ravi Sam, president of the South India Factory Association. Several industries here are working on localization and investing in technology.

Mr. K. Senthil Ganesh, Vice Chairman, Confederation of Indian Industries, Coimbatore, Mr. D. Vignesh, Chairman, Southern India Engineering Manufacturers Association, and Mr. Prakash Vasudevan, Director, South India Textile Research Association, also spoke.

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2/ https://www.thehindu.com/news/cities/Coimbatore/government-to-support-agri-field-clinical-trials-for-new-technologies/article65736569.ece

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