×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 29 November, 2020

  • 3 Min Read

GLOBAL INNOVATION & TECHNOLOGY ALLIANCE

GLOBAL INNOVATION & TECHNOLOGY ALLIANCE

GS-III – S&T (PT-MAINS-I.V)

Context: 9th Foundation Day of GITA, the Union Minister of Science & Technology underlined how the Global Innovation and Technology Alliance (GITA) served as a catalyst for nurturing innovation and industrial R&D.

About:

  • Global Innovation & Technology Alliance (GITA) is a “not–for–profit” Section-8 Public Private Partnership (PPP) company.
  • It is promoted jointly by the Technology Development Board (TDB), the Department of Science & Technology (DST), the Government of India and the Confederation of Indian Industry (CII).
  • The Prime Minister’s Council on Trade & Industry had, in 2010, recommended the incorporation of a Government’s arm’s length entity under PPP mode to professionally manage the Government’s funds for providing flexibility to industry for undertaking R&D along with global partners.

The GITA platform encourages industrial investments in innovative technology solutions by

    • Mapping technology gaps,
    • Undertaking expert evaluation of technologies available across the globe,
    • Facilitating techno–strategic collaborative partnerships appropriate for Indian economy,
    • Connecting industrial and institutional partners for synergistic matchmaking and
    • Providing soft funding for technology development/acquisition / deployment.

Historical perspective

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 applications.

Roles and functions of the board:

  1. Encourage enterprises to take up technology-oriented products.
  2. Provide equity capital or loans to industrial concerns and financial assistance to research and development institutions.

Global Innovation & Technology Alliance (GITA):

In order to stimulate the private sector’s investment in R&D, TDB has established the Global Innovation & Technology Alliance (GITA).

It is a joint venture between the Confederation of Indian Industry (CII) and TDB with an equity contribution of 51:49 respectively.

The GITA will assist the Department of Science & Technology (DST) in implementing industrial research and development programmes with different countries under bilateral and multilateral science and technology cooperation agreements.

Source: PIB


Draft Indian Nutrition Rating (INR)

Draft Indian Nutrition Rating (INR) The country's top food regulator, the Food Safety and Standards Authority of India (FSSAI), has published a draft regulation for front-of-pack labeling. Major Points This draft notification addresses front-of-pack labelling in an effort to deter customers from purchasing packaged foods that are h

Social Audit of Social Sector Scheme

Social Audit of Social Sector Scheme The Rajasthan government has made the first-ever decision in the nation to create a specialized social and performance audit authority to undertake social audits of initiatives. What does this decision mean, exactly? Make public accountability a priority: In addition to conducting performance

Dharamshala Declaration 2022

Dharamshala Declaration 2022 & Tourism In India A recent three-day national tourist conference saw the introduction of the "Dharamshala Declaration 2022." Details about the news In the National Conference, the Center announced a comprehensive plan for the tourism industry. By 2024, tourism will have returned to its p

National Assessment & Accreditation Council (NAAC)

National Assessment & Accreditation Council (NAAC) & Higher Education The Maharaja Sayajirao University of Baroda's National Assessment and Accreditation Council (NAAC) ratings recently sparked controversy since the institution's grade increased from A to A+ as a result of improvements across all areas. What is India's

Ethereum Merger

Ethereum Merger The second-most valued cryptocurrency in the world, Ethereum, just underwent a substantial software upgrade. About: Ethereum redesign: This process is referred to as "The Merge." It will do away with the requirement for cryptocurrency miners and massive mining farms, which previously powered the blockchai

Toppers

Search By Date

Newsletter Subscription
SMS Alerts