Missing Gaps in Indian Nanotechnology Development: Exploring Effective Policy Interventions for Innovation and Commercialisation

Nanotechnology is promising to be the “transformative” technology of the 21st century with its boundless potential to revolutionize a wide range of industries, perceived to provide novel innovative solutions to complex technological problems, create functional and highly differentiated products in high technologies as well as in areas that are of pressing concerns in developing and improvised economies, i.e., environment, water purification, agriculture, energy and in a host of other products and services. This promise has led to strong public push by different countries to create capabilities for exploiting this technology. Almost no other field has obtained as much public investment in R&D in such a short time as this field. This investment pattern is not restricted to North economies. BRICS countries, and other scientifically proficient countries such as Singapore and Taiwan are making huge investments in this field (Bhattacharya et. al. 2012).