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BUSINESS NEWS ARCHIVE 2007
 
 
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  Business News Archive 2007 -> National mission to make India a global nano hub  
 
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CASE STUDIES

Pharma Families: The Kenyan Asian Story (05/04)

The Man from the Priory - Dr Chai Patel (04/04)

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2007 ARTICLES

Vikram Pandit named Citigroup CEO (12/07)

British consumers victims of credit card fraud in India

Vodafone to outsource jobs to India (12/07)

Scottish Asian Business Awards 2007 (12/07)

Asian Businesses key to London's Economy (12/07)

Tata wins key union backing in Jaguar, Land Rover sale

Going global, Indian firms create jobs in US (11/07)

Hindujas on billion pound spending spree in UK

Jagriti Yatra 2007 searchs for India's real heroes

Vijay Mallya foraying into luxury retail segment

The Indus Nano-Tech Association launched

Entrepreneur Reuben Singh declared bankrupt (11/07)

Killer fire at Asian-owned warehouse (11/07)

Microsoft signs $500-mn IPTV deal with Reliance

National mission to make India a global nano hub

Jet Airways targets $3 billion revenue in 3 years

Hindujas to expand hospital business (10/07)

Indian stock markets break all records (10/07)

Cisco to triple headcount to 10,000 in India (10/07)

Child labour in Delhi forces 'Gap' to withdraw clothes

Cobra Beer bets high on India (10/07)

British NHS patients favour India for treatment (10/07)

Mukesh Ambani soon to join world's 10 richest (10/07)

Indian handicrafts: weaving their way to slow death?

India to set up centralised drug licensing authority

'BPOs no longer career choice for Indian youths'

GVK launches centre for US Pharms Giant, Wyeth

India to tap funds in Britain for infrastructure (09/07)

India not easy to do business in: World Bank

Don't fret about Wal-Mart: Lord Swaraj Paul (09/07)

Vijay Mallya wants India racing on F1 tracks (09/07)

India most acquisitive of emerging economies

Globalisation is two-way traffic: Azim Premji (09/07)

Indo-British bilateral trade up 30 percent (09/07)

Hero Group buys Scotland's top call centre operator

Indian Ruling against Novartis a victory (08/07)

Founders quit as Goldshield settles NHS claim (06/07)

Ethnic Minority Business Task Force Launched

Female wealth creation driven by business success.

Barclays launches retail banking in India (05/07)

Sanjeev Shah to head Fidelity's Fund (05/07)

Indian Nano-Tech business starts in the UK (05/07)

Punjab National Bank launches in the UK (05/07)

Asian Business Awards 2007 (05/07)

Indian Biotech sector to be $5 bn industry by 2010

A business school for India's rural women (05/07)

UK customers unhappy with Indian call centres (05/07)

Uganda woos Indian investors, says Indians safe

Reliance Money enters gold retailing business (05/07)

Mayor rejects UK Post Office privatisation (04/07)

Vedanta buys Sesa, India's largest iron ore producer

Infosys targets $4 billion revenue in 2008 (04/07)

Jet buys Sahara for Rs.14.5 billion ($336 million)

GSK signs outsourcing deal with Indian Firm (03/07)

India's biotech industry emerging as world innovator

Patak's up for sale at £200 million (03/07)

Cobra Beer to set up two breweries in India (03/07)

Lloyds TSB launches Muslim Business Bank Account

Dr Reddy's eyes generics arm of Merck (02/07)

UK retailer Argos set to enter India (02/07)

Bharti & Wal-Mart close to a Cash-&-Carry deal (02/07)

Vijay Mallya to buy Whyte & Mackay (02/07)

Vodafone acquires Hutch Essar in India (02/07)

1000 strong network of women entrepreneurs

64% of Business retirees have no exit plan (02/07)

Small firms to get I.P health checks (02/07)

Indian entrepreneurs riding wave of innovation (02/07)

India's Global Services Economy (01/07)

First Asian Woman CEO of a FTSE Company (01/07)

Tata finally acquires Corus at 6.08p/share (01/07)

Gita Patel's Trapezia Fund hits £4.5M target (01/07)

Bank for India's Rural Women: 10th anniversary


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NATIONAL MISSION TO MAKE INDIA A GLOBAL NANO HUB
By Fakir Balaji, Bangalore, November 5, 2007 (IANS)

C N R Rao, nanotechnology expert.The Indian government is starting a five year national mission to make the country a global hub for nanoscience and nanotechnology, leveraging the low-cost advantage and its vast talent pool. To start the mission, the Department of Science and Technology (DST) will set up three nano institutes in Bangalore, Kolkata and Mohali near Chandigarh, with a seed capital of Rs.1 billion for each of them. The aim is to create nano clusters in the country to conduct research that will have a bearing on diverse industrial sectors.

"With an upfront investment of Rs.10 billion ($254 million), the nano science and technology mission (NSTM) will create an ecosystem to make India a global hub for research and development (R&D) in nanoscience and nanotechnology," DST secretary Thirumalachari Ramasami told IANS here in an interview. "It will be similar to the ecosystems built for the growth of IT, biotechnology and electronics in the knowledge sector," he added.

Jawaharlal Nehru Centre for Advanced Scientific Research (JNCSAR) and Indian Institute of Science (IISc) in Bangalore will be partnering for the first institute, to be located on the outskirts of this IT hub. Similarly, the other two institutes will be set up in collaboration with the proposed five Indian Institute of Science and Technology (NIIS&T) by the human resources development (HRD) ministry and the National Institutes of Technology (NITs). The upcoming institutes will offer courses for science and engineering graduates to pursue post-graduate education in nanoscience and nanotechnology.

"In all, about 50-60 science and technology institutions, including IITs and NITs will be involved in building nano clusters across the country to create the ecosystem for undertaking extensive research in nanoscience and applied nanotechnology to develop applications for industrial products, agriculture, healthcare and safe drinking water, to name a few," Ramasami said.

Demystifying the emerging field and the huge potential it has, Ramasami said nanoscience is the study of phenomena on the scale of 1-100 nanometre (one billionth of a metre), whereas nanotechnology is the ability to create and control objects on the same scale to prepare novel materials with specific properties and functions.

"The fundamental building blocks of nature - atoms and molecules - have dimensions in nanometre or on nanoscale. For instance, water molecules can occupy a sphere one nm in diameter. The DNA double helix is around two nm wide. The way molecules assemble into larger, supra-molecular entities on nanoscale determines important material properties such as electrical, optical, and mechanical properties," Ramasami pointed out.

Eminent scientist C.N.R. Rao - chairman of the scientific advisory committee to prime minister and director of JNCSAR - and other noted experts in the field will guide the nano mission. Rao has already done some pioneering work in the field and is mentoring his research teams in developing nano tubes, nano carbon materials and nano applications, including one for drinking water purification.

"Our long-term plan is to make optimal use of our growing young talent pool and take advantage of the labour arbitrage to beckon global firms, angel investors and venture capital to fund nano labs and nano facilities to design, develop nano applications and manufacture products for domestic and international markets, using heavy and noble metals such as gold, silver and copper.

As research expertise in India is available at one-third of the cost in developed countries, global R&D institutes and firms in nanoscience and nanotechnology would outsource their requirements in the domain to young scientists and technologists here, Ramasami expected.

"By 2020, India will have the youngest scientific talent pool in the world. Our sound education system, large human capital with younger age advantage will make the country a preferred destination for nanoscience and nanotechnology benefits," he asserted.

Besides regulatory, legal and intellectual property rights (IPR) issues, the mission will focus on expanding the capacity to churn out the human resources required for the development and growth of the nano sector on the lines of other sectors in the knowledge era.

"The game-plan is to develop a research and industry collaboration hub (RICH) in the long run. Leveraging ICT tools and domain expertise in biotechnology and associated fields such as physics, mathematics, chemistry and biology, we propose to have technology and innovation partnerships with all stakeholders," Ramasami affirmed.

According to Rao, nanotechnology applications that will directly benefit masses include water purifying and using nano-silver as a coat on ceramic filters to eliminate bacteria and viruses. "A nanometre filter will have a sieving system that is finer than the conventional water filters to provide safe drinking water. Similarly, nano materials can be used to create self-cleaning agents for textiles and prevent water seeping into the cloth," Rao explained. Nano materials can also used to develop sensors, medical applications, aerospace components and machine tools.

"Though India may have missed many a 'technology bus' over the decades, we cannot afford to miss the 'nano bus', as it is the future of the world, dominating science and technology in the 21st century," Rao added.

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