GITA is a catalyst for nurturing innovation & industrial R&D

Union Minister of Science & Technology underlined how Global Innovation and Technology Alliance (GITA) served as a catalyst for nurturing innovation and industrial R&D.

Daily Current Affairs Quiz 2020

Key-Points

 GITA is a “not–for–profit” Section-8 Public Private Partnership (PPP) company.

It is promoted jointly by the Technology Development Board (TDB), Department of Science & Technology (DST), Government of India and the Confederation of Indian Industry (CII).

The Prime Minister’s Council on Trade & Industry had, in 2010, recommended 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.
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