29 November, 2020
3 Min Read
GLOBAL INNOVATION & TECHNOLOGY ALLIANCE
GS-III – S&T (PT-MAINS-I.V)
Context: 9th Foundation Day of GITA, Union Minister of Science & Technology underlined how Global Innovation and Technology Alliance (GITA) served as a catalyst for nurturing innovation and industrial R&D.
The GITA platform encourages industrial investments in innovative technology solutions by
Technology Development Board:
It is a statutory body established by Technology Development Board Act, 1995.
Objective: To promote development and commercialization of indigenous technology and adaptation of imported technology for much wider application.
Roles and functions of the board:
Global Innovation & Technology Alliance (GITA):
In order to stimulate private sector’s investment in R&D, TDB has established Global Innovation & Technology Alliance (GITA).
It is a joint venture between Confederation of Indian Industry (CII) and TDB with an equity contribution of 51:49 respectively.
The GITA will assist Department of Science & Technology (DST) in implementing industrial research and development programme with different countries under bilateral and multilateral science and technology cooperation agreements.
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