Innovation Act to spur India innovativeness

Indian government is proposing "India Innovation Act", a legislation to spur innovation and research in India. The Union Minister Mr.Sibal announced at meeting to draft legislation and present it to the government in three months by Ficci (Federation of Indian Chambers of Commerce and Industry). The India Innovation Act is likely to be modeled on the America COMPETES ACT, which focuses on three primary areas: increasing research investment, strengthening education opportunities in math, science and technology and developing an innovation infrastructure. The “America COMPETES Act” focuses on three primary areas of importance to maintaining and improving United States’ innovation in the 21st Century: (1) increasing research investment, (2) strengthening educational opportunities in science, technology, engineering, and mathematics from elementary through graduate school, and (3) developing an innovation infrastructure. India is getting reshaped to become leading innovative nation.

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