HYDERABAD: The Government has a greater responsibility in creating regulatory framework and necessary environment for research and innovation, Vice President M Venkaiah Naidu today said.
There was also a need to hugely step up investments in Research and Development to promote the culture of innovation and discovery, he said.
He was addressing the inauguration of the Platinum Jubilee year Celebrations of CSIR-Indian Institute of Chemical Technology (IICT) here.
Referring to the United Nations 17 sustainable development goals which include ending poverty in all its forms, promoting sustainable agriculture and good health, he cautioned that all these ambitious goals cannot be achieved if “we adopt business-as-usual approach.
Noting that scientific innovations from penicillin to space technologies were by and large led by the private sector, he said the Government had a great responsibility.
“It has to create regulatory frameworks, create conducive conditions for nurturing research and innovations… There is need to hugely step up investments in R & D to promote the culture of innovation and discovery,” he added. (AGENCIES)