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.
